Financial Year
You're paying more tax. It shows
The number of tax returns filed has increased by more than a quarter (26%)from 54.3 million in FY17 to 68.4 million in FY18, according to data released by the CBDT
2 min read4 Apr 2018This year, don't forget to pay the advance tax
While organizations typically carry out the responsibility of deducting the right amount from salary income, the duty to do the same for non-salary income falls squarely upon us
4 min read5 Apr 2018When decisions go from ‘How to' to ‘When to'
The 'when to' is a crucial decision in financial life, probably as important as the 'how to' and 'how much to' decisions
5 min read28 Mar 2018How various tax slabs and income tax deductions reduce your total tax outgo
Here is a ready reckoner that tells you how to calculate your tax liability for FY18
1 min read1 Feb 201831 March 2018: last day to file 2016-17 tax return
From this year the flexibility in filing tax returns has reduced. Now, if you don't file the return for financial year 2016-17 by 31 March, you may face scrutiny and penalty
4 min read29 Jan 2018Govt considering to change financial year to January-December: finance ministry
Finance ministry tells Parliament that the government is considering to change the country's financial year to January-December from April-March
1 min read22 Jul 2017Government gives big fiscal stimulus in April-May 2017
During April-May this year, total central government expenditure was Rs4,59,026 crore, higher by 54% than the same period last year
1 min read12 Jul 2017Financial year change likely from 2018, Budget may be moved to November
The govt and NITI Aayog is working on moving the financial year to January-December from April-March after PM Narendra Modi pitched for a change
2 min read26 Jun 2017Income from sale of personal effects is not taxable in India
An individual qualifying as ROR is taxable on her global income and is required to report her global assets in her India tax return
2 min read19 Jun 2017Capital gains from sale of agricultural land may not be taxed
If a land is classified as 'agricultural land', gains arising from its sale will not be taxable in your hands
4 min read13 Jun 2017Wait for it…
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