The Corona Virus pandemic has caught the world in a tight grip impacting not just human life, but toppling the world economy as well – all in just a matter of a few weeks.… Read More
With aim to provide boost to the current Indian economy and promote growth and investment, the Indian Government has made amendments in the Income Tax Act, 1961 (“the Act”) vide the Taxation Laws (Amendment) Act, 2019.… Read More
A standard deduction of Rs. 40,000 has been introduced for salaried taxpayers and individuals who receive pension.… Read More
Income tax department in its circular dated 16th April 2018 issued a cautionary advisory to salaried employees to report their correct salary and deduction details.
The advisory states that any attempt by salaried employees to under-report their income or inflate deductions will result in a serious action.… Read More