Last updated : 20th July, 2018 In Budget 2018, Finance Minister Arun Jaitley has re-introduced the Long Term Capital Gains (LTCG) tax on Stocks / Shares. What has changed? Since 2001-2005, LTCG was exempt from tax. If the investor is selling stick after 1 year (long term) , then
Last updated : 21st July, 2017 From 1st July 2017, quoting Aadhaar (Aadhaar number / enrolment ID) has become mandatory for income tax return filing and for applying for Permanent Account Number (PAN). The central government has notified that the requirement of quoting Aadhaar for income tax returns filing and
Last updated : 1st April, 2017 The Income Tax Department has released the ITR (Income Tax Return) Forms for Financial Year 2016-2017 (i.e. Assessment Year 2017-2018). These ITR forms will be applicable for income tax returns for income earned from 1st April 2016 to 31st March 2017 i.e. FY 2016-17
Last updated : 16th February, 2017 In Budget 2017, the base for Cost Inflation Index is changed. lets see what the change is and how it wil impact the investors. Currently, for cost inflation index, the base year is 1981. which means if you have any property acquired before 1981,
Last updated : 11th February, 2017 Income Tax department has launched “Operation Clean Money / Swachh Dhan Abhiyan initiative., to investigate the large cash deposits made after demonitization. They are sending notices to more than 18 lakh people. If you have deposited large cash after demonitoization, the chances are that
Last updated : 8th February, 2017 Cheers!!! In Budget 2017, the government has made some positive changes to tax slabs. – Read the Budget announcement for Personal Taxation Income Tax Slab / Rates applicable in India for Individuals, Hindu Undivided Family (HUF), Association of Persons (AOP) and Body of Individuals
Last updated : 13th September, 2017 Key Points & Highlights of Indian Union Budget 2017-18 – presented on 1st Feb 2017 Personal Taxation Income tax for individuals for Rs 2.5 lakh to Rs 5 lakh lowered to 5% Individuals having income less than Rs 5 lakh will have to file
Last updated : 6th September, 2016 The last date for filing income-tax returns has been extended to August 5. Tax returns for 2015-16 (assessment year 2016-17) were originally to be filed by July 31. But in view of the day-long strike at public sector banks, the deadline has been extended
Last updated : 20th July, 2016 CBDT has issued the Income tax return (ITR) forms for the financial year 2015-2016 (AY 2016-2017). Normally the last date of filing returns in 31st July. ITR No Eligibility Forms ITR 1 For Individuals having Income from Salaries, One house property,
Last updated : 20th July, 2016 In Budget 2016, there is no change in the tax slab for FY 2016-2017 . The tax rates are same as FY 2015-2016. Income Tax Slab / Rates applicable in India for Individuals, Hindu Undivided Family (HUF), Association of Persons (AOP) and Body of