Fri, Jul 26, 2024
This is the only state in India where residents are exempt from paying income tax, regardless of their earnings. This unique status, rooted in the historical merger agreement of 1975 and protected under Article 371F of the Indian Constitution, provides significant financial relief and economic advantages to Sikkim's residents.
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Thu, Feb 01, 2024
As many as 2,975 government-recognised startups have been granted Income Tax exemptions so far, according to the Department for Promotion of Industry and Internal Trade (DPIIT)
Tue, Nov 07, 2023
Don't assume that all transactions between spouses are tax-free. There are some nuanced rules to be aware of, especially when it comes to gifts, investments, and rental income. In this video, we'll break down the key tax implications to keep in mind when dealing with your spouse financially.
Wed, Jan 25, 2023
Budget 2023: We will discuss the definition of Income Tax Exemption, IT deduction and IT rebate and the factors pertaining to them.
Tue, Feb 08, 2022
Ran out of ideas to save income tax on your salary? Here are 7 ways you can get the best returns and save your hard-earned money.
Fri, Jun 07, 2019
Honestly, not many are aware, but the Income Tax Department does give tax exemption on the meals in your office.
Wed, Jun 05, 2019
The Income Tax department does allow reliefs to salaried individuals who are paying tuition fees for their children.
Thu, Jan 31, 2019
With general elections merely a few weeks away, the middle class and farmers are expecting some relief in the Budget 2019-20.
Wed, Jan 30, 2019
The Narendra Modi government is set to present its first interim budget in just two days and the industry would be eagerly waiting for the introduction of some popular reforms.
Mon, Jan 21, 2019
Budget 2019: Recently held national executive of the Bharatiya Janata Party (BJP) also asked the goverment to give income tax relief up to Rs 5 lakh.
Tue, Oct 30, 2018
The department sought comments from stakeholders by November 12 on the amended rules and application forms seeking tax exemptions by such entities.
Fri, Dec 29, 2017
Jaitley said most of these banks provided standard banking facilities like opening of letters of credit, bill discounting and collection, lockers and safe deposit vaults and bank guarantees.
Mon, May 22, 2017
Income Tax (IT) slabs have been tinkered with a bit by Finance Minister Arun Jaitley during his Budget speech on February 1, 2017. If you are looking to file your Income Tax Returns (ITR) and have a few questions regarding your income tax slab or how much tax you can save this year, read on.
Wed, Feb 01, 2017
Read salient features of Direct Tax proposals of India's Union Budget 2017-18 announced on February 1, 2017.
Small business will now have to pay 5% less income tax, which brings it to the 25% level.
Besides the increase in the tax slabs there is also expected to be an increase in the exemptions under 80C.
Tue, Dec 20, 2016
The government on Monday said small traders and businesses with a turnover of up to Rs 2 crore would pay less tax if they accept payments through banking and digital means.
Sat, Dec 17, 2016
After the government announced that political parties depositing old notes post demonetisation will be exempted from income tax, the CBDT issued a clarification on Saturday stating that the exemption from income tax is given to only registered political parties subject to certain conditions which
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