Breadcrumb Trail Links Federal Election News Economy Are Canada’s lowest-income filers being left out of the benefits? Published Mar 25, 2025 • 5 minute read While both candidates’ tax cut plans no doubt appealed to each party’s taxpayer base, do the parties needed to help higher-income Canadians, too? Photo by Adrian Wyld/The Canadian Press/Postmedia files […]
By Chirag Nangia * My wife is a homemaker, and I file her return under the basic exemption limit. Can I transfer a lump sum amount to her account on which I have paid tax already and then she makes the investment in her name such as buying a property, investing in FDs, bonds, shares […]
Mutual Fund (MF) is considered as a safer way to venture into equity markets compared to direct investments in stocks. This is because equity-oriented MF schemes provide a ready-made diversified portfolio managed by professional fund managers. As a result, salaried individuals and persons engaged in other professions may invest without the worry of studying and […]
It is that part of the year when taxpayers prepare to file Income Tax Returns (ITR) which is due by 31 July 2022. Over the years the disclosure requirements in a tax return and the data requirements have increased manifold. While the tax portal of the government provides significant support in selecting the right form […]
The Central Board of Direct Taxes (CBDT) on Thursday issued guidelines seeking to address likely issues emanating from application of the newly introduced section 194R of the Income Tax Act for withholding 10% tax (TDS) on benefits or perquisites from non-salary sources. The new provision part of the Finance Act 2022 will become effective from […]