How can I set off losses from share trading against income tax liability in current FY?
Short term capital losses are allowed to be set off against both long and short term gains. However, if you are not able to set off your entire capital loss in the same year, both short and long term loss can be carried forward for 8 assessment years.
Go for top-tier banks like HDFC Bank, Kotak, ICICI Bank: Naveen Kulkarni
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Nasscom seeks relief for technology startups for business continuity
Some of the important measures demanded from the government to help the ...
Trump didn’t calm the oil markets. Now it may be too late
Trump has yet to intervene, himself, despite saying last week that he might.
Separate GST registrations confuse interim resolution professionals
IRPs appointed under the Insolvency and Bankruptcy Code (IBC) have approached the finance ministry, seeking clarity on several aspects regarding the Central Board of Indirect Taxes and Customs (CBIC) notification issued on Saturday and a follow-up circular on Monday, people familiar with the development said.
Airbnb, Netflix, others bill to rise with new tax
The amended Finance Bill, which was approved by Parliament on Monday, with effect from April 1, an equalisation levy of 2% will be applicable on sales made by foreign ecommerce companies operating in Asia’s third-largest economy.
Why taxing global tech cos including Google, Facebook, Tiktok and Neflix is easier said than done!
The tax is on global companies that offer digital products and services to Indian residents. It comes into effect from April 1 after the government expanded the scope of the levy to all overseas e-commerce transactions originating from India in the amended Finance Bill that was passed by Parliament on Monday.
Covid-driven tax reliefs to cost government 2-3% of GDP
Experts say that Covid-driven tax relief may cost government 2 to 3 per cent of the GDP.
Defaulters must settle dues within 15 days of agreeing on amount under VSVS: CBDT
The Vivaad Se Vishwas scheme is a no interest - no penalty window that was supposed to end on March 31 but has since been extended in light of lockdowns and disruptions due to the Covid-19 outbreak.
NRAI writes to FM; seeks financial bailout package; restoration of input tax credit, deferment of advance tax payments
The letter requests total and immediate deferment of statutory dues inclusive of GST, advance tax payments, PF, customs duties at the central government level and state excise, renewal of liquor licenses, and VAT at the state level for a period of twelve months.
Sabka Vishwaas scheme deadline extended till June 30
The government has extended most tax compliance deadlines for individuals to June 30, 2020. The main deadlines extended include: Linking Aad...
Belated I-T returns for FY 18-19 deadline extended to June 30, 2020
In a good news for individuals, the government has decied to extend the deadline for belated income tax return (ITR) from March 31, 2020 to ...
Tax-saving investments for FY 2019-20 allowed till June 30, 2020
According to chartered accountants, this means that individuals can complete their tax-saving exercise for the ongoing financial year 2019-20 by June 30, 2020.
Tax optimiser: Desai can cut tax outgo by Rs 66,000 via NPS, perks
ET Wealth tells readers how they can optimise their tax by rejigging their income and investments.
Lower income tax, GST and interest rates to limit economic impact: Harsha Razdan
Private sector alone can’t manage job losses, says KPMG India’s Partner and Head of consumer markets.
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