Tue, Dec 17, 2024
How to save tax: With the right strategy and investment, anyone can save up to Rs 8 lakh in income tax. Here are 10 effective ways that will not only help you keep more of your income but also support your financial planning.
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Thu, Dec 12, 2024
Food delivery aggregator Zomato on Thursday said the GST department in Thane has imposed a tax demand of Rs 803.4 crore, including interest and penalty. The demand order has been received in respect of non-payment of GST on delivery charges with interest and penalty thereon, Zomato said in a regulatory filing.
This year-on-year surge showcases not only the capacity of the system but also the proactive engagement of taxpayers in adhering to filing deadlines.
Wed, Mar 18, 2020
The Income Tax department employees have requested to extend the financial year until April 30 amid coronavirus outbreak.
Income Tax Alert: Every earning individual must file Income Tax Return (ITR), if the income is above Rs 2.5 lakh per annum.
Sat, Mar 14, 2020
Income Tax Slabs: In both income tax options, an earning individual's basic income tax slab is Rs 2.5 lakh per annum, say experts.
Fri, Mar 13, 2020
The parliament on Friday passed Direct Tax Vivad Se Vishwas Bill, 2020 with an aim to settle pending direct tax disputes in the country.
Thu, Mar 12, 2020
Income Tax return (ITR) filing: Investment is essential to growing wealth with time, and one must focus on both short and long-term financial goals to secure one’s financial future.
Sat, Mar 07, 2020
Income Tax Alert: Section 80C allows up to Rs 1.5 lakh income tax exemption in a financial year. If an income tax payer includes Section 80CCD (1B), this annual limit can be raised up to Rs 2 lakh.
Fri, Mar 06, 2020
Disputes relating to wealth, securities transaction, commodity transaction taxes and equalisation levy will not be covered under 'Vivad Se Vishwas' amnesty scheme, Income Tax department has clarified that the declarant has to deposit the disputed tax amount within 15 days.
Wed, Mar 04, 2020
National Pension Scheme: World's lowest cost pension scheme can be opened by any one; the scheme also has low administrative charges and fund management fee
Tue, Mar 03, 2020
The Aadhaar-PAN linking circular released on February 13 says that any taxpayer who was issued a permanent account number as on the 1st day of July, 2017 is required to link it with the Aadhaar card, as per rule 114AA of the income tax.
Sat, Feb 22, 2020
PPF Account: In case of a change in one's residential address, premature PPF account closure is allowed but not before five years of the PPF account.
Home Loan Calculator: A home loan borrower in income tax slabs 2019-20 can claim tax rebate available under Section 80C, Section 24b and Section 80EEA.
Income Tax Slabs for FY2019-20: One should use a new income tax calculator and then decide which option is better suited for them.
Wed, Feb 19, 2020
New income tax slabs 2020 allows a taxpayer to claim the standard deduction on house rent being paid in the assessment year, says Money Bill 2020.
Tue, Feb 18, 2020
Income Tax Slabs: If a taxpayer chooses the new income tax slab 2020, one can claim the income tax benefit under Section 80CCD(2).
SBI Tax Savings Scheme offers tax benefits under section 80C of Income Tax Act, 1961.
Mon, Feb 17, 2020
New income tax notification: Your PAN card can become inoperative if you have failed to link it with your Aadhaar card, the income tax department has said in a new notification.
Sat, Feb 15, 2020
Form 15g/15h for PF withdrawal works like a declaration that one is having an annual income of less than Rs 2.5 lakh.
New income tax slab 2020-21: A taxpayer earning Rs 15 lakh per annum, old income tax slab is better, says tax and investment experts.
Fri, Feb 14, 2020
ITR or Income Tax Return filing 2020 last date for certain taxpayers has been extended by the Income Tax Department from 30th September 2020 to 31st October 2020.
Thu, Feb 13, 2020
The Income Tax department through its Twitter handle @IncomeTaxIndia has posted about a clarification issued by CBDT with respect to certain misinformation which is being circulated in social media pertaining to individual tax filers.
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