Page 2 Taxation: Latest News and Updates, Top Stories, Videos, Photos About Taxation

Trust-Based Taxation System Resulting, In Improved Collections: FM

Finance minister Nirmala Sitharaman on Sunday said that the trust-based taxation system introduced by the government has resulted in improved collections and increase in the number of return filings. In her message on the 163rd Income Tax Day, the finance minister ...

Did You Check Your EPF Contribution? Here's Why You Should?

As per the Income tax rule, there is a provision which states that on the annual EPF contribution by the EPF member over and above the specified limit, the interest rate earned shall attract taxation implication. So, now as the ...

Taxation of Minor Children in India: How Does It Work?

As you looked up the technology, it has taken its drive and that too gearless but the children of nowadays are no less in chasing. It was a time when children were not met with many possibilities. Comparatively, now these teenagers ...

LIC Nav Jeevan: Insurance Policy With Flexible Premiums: Should You Choose?

LIC Nav Jeevan policy is a Non-Linked, With-Profit, and Endowment Life Assurance Plan, offered by the public insurer of India. {photo-feature} To know more about this plan click here: https://licindiainsurance.in/LIC-Navjeevan.php (Also read: LIC Jeevan Lakshya For A Promising Future Of Your Child)...

How To Claim 80D Deductions Without Paying Health Insurance Premium For Your Parents?

According to the Income Tax Department, under section 80D, any Indian citizen or Hindu undivided family (HUF) can claim or deduct medical insurance premiums paid in any given fiscal year from their overall income. In calculating the total income of an ...

8 Key Taxation Matters To Remember For FY22

As it is amid the raging Covid 2.0 wave in India, the finance ministry have allowed some relaxations in respect of some of the filings. And now the relaxation has also been extended to GST matters with the centre allowing businesses ...

How To Avoid TDS And Avail Tax Deductions On FD?

Fixed deposits have been a rebuttal to the financial requirements of many individual investors, particularly senior citizens, who have been searching for a low risk return portfolio for their savings and creating wealth for better retirement planning. That being said, as ...

Parliament Passes Bill To Provide Compliance Relief To Taxpayers

On Tuesday, amid the pandemic the Parliament has given its approval for a taxation bill that shall ease the compliance burden of taxpayers. The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020 that looks at ...

PM Modi To Launch "Transparent Taxation" Platform On 13 Aug

In a statement on Wednesday, the Prime Minister's Office said that PM Narendra Modi will launch the platform for "Transparent Taxation - Honoring the Honest" via video conferencing on 13 August. Describing the various initiatives taken by the CBDT (central board ...

India's First Debt PSU ETF Likely By December; To Fetch Better Return Than FD

The government is likely to roll out the country's first fixed income ETF including debt securities of as many as 12 PSUs by mid-December of this year. The ETF size is estimated to be the tune of Rs. 15000 to ...

NRIs To Be Taxed For Gifts Received From Resident Indians

Presently, gifts given as (any sum of money paid or property transferred) by a resident Indian to a non-resident is claimed as non-taxable in India as the income does not arise or accrue in India. But with the proposed amendment in ...

Consolidate Cashback Of Over Rs. 50,000 In A FY Taxable

To lure more of users to use their particular service and goods, companies across industries are now giving cashbacks, which is a discount offered against expenditure made. And it can be either credited as and when you execute a transaction or ...

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