If losses from F&O, intra-day trades are below Rs 20,000-30,000, it's best not to claim them and opt for ITR-2.
In the Budget, the government has banned cash transactions above Rs 300,000. This means that people will have to pay stamp duty and registration charges on the actual cost of transaction.
Their confidence severely dented after two comprehensive defeats, last edition's runners-up side Kolkata Knight Riders will be looking to get their inconsistent campaign back on track when they face Rajasthan Royals in the IPL match in Mumbai on Monday.
Some of the disclosures in the ITR form, under review at present, increases procedural hassles for expats
'Housewives depositing cash up to a limit of Rs 250,000 need not worry.' 'It is understood that in India housewives save money which they get from their husbands for household expenses.' 'The intent of the government is not to question them.'
Jaitley has announced increasing the super-rich surcharge to 12%.
Captain Virat Kohli is unlikely to feature in the tournament because of his India commitments.
If your case is picked up for random scrutiny, any of the tricks that you or your financial advisor may have used to avoid tax will be easily detected.
Royals' new Director of Cricket Kumar Sangakkara is confident that the team's young Indian fast bowlers will rise to the challenge in this year's Indian Premier League.
Liam Livingstone and Evin Lewis's explosive batting will meet its match in Chris Gayle's power and KL Rahul's finesse when Rajasthan Royals lock horns with Punjab Kings to improve upon their mid-table position in the Indian Premier League in Dubai on Tuesday.
'The fact that you did not receive the rent through a bank will not take away the taxability of the rent in your hands.'
Prepare your replies with expert help, if necessary. Keep relevant documents ready to support your replies.
RR have a lot of issues to sort out, particularly in the absence of key foreign players like Jofra Archer and Ben Stokes.
The new penalty regime could create a fresh set of complications for tax payers.
'The government believes there is still significant scope to bring more people under the tax net and collect the right amount of taxes, in cases where taxpayers are underpaying,' says Kuldip Kumar, partner and leader personal tax, PwC.
A summary of the Ranji Trophy matches played on Wednesday.
Indian origin wrestler Vinod Kumar Dahiya is all set to represent Australia at the Rio Olympics after he qualified in the 66kg weight category in the Greco-Roman event.
The recommendation, if implemented, is likely to face opposition from the government's key support base among Hindu traders and businesspersons.
If you were deputed abroad, filing income tax can be tricky.
The Budget has changed the rules for Indian citizens and persons of Indian origin visiting India. Instead of 182 days, the number of days has been reduced to 120. You will be treated as a resident of India for tax purposes if you stay in the country for more than 120 days in a financial year and 365 days in the past four years. One consequence of the change will be that people of Indian origin who reside outside India will be able to spend a smaller number of days in the country if they wish to keep their non-resident status intact, points out Sanjay Kumar Singh.
Thanks to Budget 2018, seniors can invest more and also save more.
RR will have to get their combination right as only four foreigners can make the playing XI.
Here's the complete list of which team bagged who, and for how much!
MI are coming into the match after suffering back-to-back losses
Besides the thrill of changing cars quite often, a higher tax deduction is available, experts tell Tinesh Bhasin
Within the next two years, verification and scrutiny of returns will happen electronically through anonymised back offices manned by tax experts and officials. It will function without any personal interface between taxpayers and tax officers. Both the taxpayer and the tax officer will not know each other -- who is scrutinising whose return, and at which place, points out Kuldip Kumar, partner and leader personal tax, PwC.
The proposed ban on cash transactions above Rs 3 lakh may hit luxury goods, jewellery sales and real estate.
A salaried individual needs to file returns as a business owner if s/he has a high turnover while trading in stocks or futures & options, reveals Tinesh Bhasin.
This was due to the fact that they had already won the Khel Ratna, the country's highest sporting honour.
FM proposed rationalisation of various tax exemptions.
The court issued notices to the Gujarat CM and the VHP chief on a petition alleging that the Mumbai police did not accept a complaint against them.
With filing possible only online, there is no scope for any error.
A summary of Day 2 action in the Ranji Trophy matches, played at various venues across the country.
New ITR form may be simpler, but some changes could stump you.
Taxpayers might face several issues while filing returns this year.
Cooperative societies get more tax benefits as compared to individual house owners.
Folk artist from Chhattisgarh Teejan Bai, Guelleh, Naik and theatre actor from Maharashtra Balwant Moreshwar Purandare will be honoured with Padma Vibushan.
Summary of all Ranji Trophy matches played on Saturday
Army veterans in Punjab have stepped forward to fight a legal battle on behalf of Gurmehar Kaur.
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