Public Provident Fund (PPF): Benefits, Tax Savings, and How to Invest in PPF Accounts
Introduction To PPF Are you familiar with the term “PPF”? Public Provident Fund or PPF is an immensely popular investment option in India and for...
Tag : Income Tax Act
Government of India working on New Income Tax Act
The Finance Ministry’s Revenue Department is expediting a comprehensive review of the Income Tax Act of 1961 to simplify and condense it by removing up...
Tata AIA Life Debuts Smart Value Income Plan
On Saturday, Tata AIA Life Insurance Company Limited (Tata AIA Life) is, a joint venture established by Tata Sons Pvt. Ltd. and AIA Group Ltd....
Sitharaman Clarifies Education Cess Not Deduction
FM Sitharaman clarified that a suggested amendment in the Budget related to the education cess must be included to be impartial to all taxpayers. The...
CBDT Notifies New ITR Forms For AY 2021-22
The Central Board of Direct Taxes (CBDT) has notified new income tax return (ITR) forms for the assessment year 2021-22, said an official release issued...
ITR Deadline Extension Notification Fake: IT Department
The Income Tax department has issued a clarification that a copy of the notification, being circulated on social media, pertaining to the extension of income tax...
President Kovind Clears Ordinance to Amend Income Tax Act
President Ram Nath Kovind has cleared an ordinance to give effect to amendments in the Income Tax Act, 1961 and Finance Act, 2019. To arrest...
Govt has formed panel for simplifying Income Tax Act
The government has formed a panel of 10 members headed by the former Delhi High Court Judge R V Easwar recommending measures to make India...