FINANCE

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Every big transaction you make, taxman will be watching you

The income tax department will track more high-value transactions of individuals to ensure that these get reflected in their income tax returns,...

From old income tax regime to new: What deductions you would lose and what would still be available?

In her second Budget, Finance Minister Nirmala Sitharaman has proposed a new income tax regime with lower income tax slab rates and...

Budget 2020: Not all can switch back to old system once moved to new tax regime

Individual income taxpayers will be free to choose between the old tax return filing structure and the newly introduced structure with lower...

Income Tax: Not just TDS, Form 26AS to show property, shares, MF transaction details

As the Union Budget has proposed rationalisation of provisions relating to Form 26AS, taxpayers will now get a detailed information statement beyond...

4 dozen exemptions still available in new income tax structure

Tax breaks related to retirement benefit schemes such as Provident Fund (PF) and payments from Voluntary Retirement Schemes (VRS) have been retained,...

Best home loan rates

A home loan is probably the biggest loan that one takes. Not only in terms of the loan amount, but also tenures,...

More confusion, less clarity for taxpayers

Budget 2020 proposed a new tax system under which taxpayers who are willing to let go of deductions and exemptions will be...

Budget 2020 highlights: New income tax slabs, DDT gone, record allocation for transport

Finance Minister Nirmala Sitharaman today presented the Union Budget 2020-21 in the Lok Sabha. This is the second budget after Narendra Modi led National...