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.
Thu, Mar 16, 2023
Income Tax Return 2023: Last year, the Government extended ITR filing due dates for various reasons from July 31 to September 30. However, for this year, no extension date has been announced so far.
Wed, Mar 15, 2023
Income Tax Return filing: Income Tax is a tax levied on the income of every person by the Government of India. The provisions governing the Income-tax are covered in the Income-tax Act of 1961.
Mon, Mar 13, 2023
Under the e-verification scheme, the I-T department informs the taxpayers about mismatch in Annual Information Statement (AIS) about the financial transaction, and the I-T returns filed.
Wed, Mar 08, 2023
How to file ITR for a deceased: If a person whose income is above the threshold limit dies, then his/her legal heirs have to clear the tax dues. Here, we will tell you about the procedure, documents and steps to file ITR for a deceased person.
Sat, Mar 04, 2023
Income Tax: One should know that these rewards — dividend-paying stocks, bonus shares, and buyback of shares — come under the purview of income tax as they are considered income to the shareholders. Let us understand how dividend-paying stocks, buyback of shares, and bonus shares are taxed.
Wed, Mar 01, 2023
Income Tax: Let's take a quick look at the popular tax saving tools for effecrively managing your tax.
Sun, Feb 26, 2023
Income Tax Slabs For Senior Citizens, Income Tax Rates For Senior Citizens: Retired employees who fall between 60 and 80 years of age, have the basic exemption limit fixed at Rs 3 lakhs. In the case of super senior citizens (above 80 years), the exemption limit is set at Rs 5 Lakh.
Sat, Feb 25, 2023
Social Stock Exchange Meaning: Social Stock Exchange or SSE is for enterprises that work for the welfare of the society or community. These enterprises should be set up as charitable associations. SSE's objective is to provide an alternative fund-raising instrument to such organisations. SSE functioning will come under the regulatory ambit of SEBI.
Income Tax: The Indian Income Tax system is intricate as it covers important aspects of the economy.
Thu, Feb 23, 2023
Income Tax: Sikkimese was previously exempt from the PAN requirement by the Securities and Exchange Board of India (SEBI).
Wed, Feb 22, 2023
House rent allowance: Self-employed and salaried individuals who do not receive an HRA can claim an exemption for the rent under Section 80GG of the Income Tax Act.
Tue, Feb 21, 2023
Income Tax: There are certain things that are not considered investments, as you will have to do it in any case, but can certainly claim tax deductions on them.
Section 80C of the Income Tax Act of 1961 is one of the most popular tax saving options that allows for deductions up to Rs 1.5 lakh per annum. However, there are various other tax-saving options available that taxpayers may avail benefit from.
ITR 1 Sahaj Form: ITR 1 form is the most commonly used form for ITR filing. ITR 1 is filed by taxpayers whose income is up to Rs 50 lakh.
Fri, Feb 17, 2023
ITR filing Last Date: Indian citizens who have income above the basic exemption limit of Rs 2.5 lakh per annum are required to file Income Tax Return.
Tue, Feb 14, 2023
The Income Tax Department conducted a survey operation at the BBC's offices in Delhi and Mumbai as part of a tax evasion investigation on Tuesday.
The Central Board of Direct Taxes (CBDT), through a notification dated February 10, has notified ITR forms 1-6, ITR-V (verification form) and ITR acknowledgement form.
Fri, Feb 10, 2023
Budget 2023: Finance Minister Nirmala Sitharaman defended this year's Union Budget presented by her on February 1 as being pro-poor and for the common man.
Thu, Feb 09, 2023
ITR 1 is also called Sahaj. It is the most commonly used form for ITR filing.
Fri, Feb 03, 2023
There is no timeline to remove the old tax regime Revenue Secretary Sanjay Malhotra has said. He said that 50-60 per cent of the tax payers may switch to the new tax regime
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