Income

Sovereign Gold Bonds: Understanding income tax exemption on early redemption of SGBs

I had invested in Sovereign Gold Bond (SGB). I opted for early redemption after the completion of five years. Are…

1 month ago

JPMorgan's net income fell 2% in the third quarter as the bank set aside more money to cover potential bad loans

JPMorgan's net income fell 2% in the third quarter as the bank set aside more money to cover potential bad…

1 month ago

Viral Video: Vlogger Shows Vada-Pav Street Vendors Monthly Income, Leaves Internet Stunned

Many people wonder whether street vendors earn more than many white-collar professionals. A vlogger has now highlighted the impressive monthly income…

1 month ago

Income tax audit report deadline for FY24 extended to THIS date amid e-filing portal issues

Tax audit extension: The Central Board of Direct Taxes (CBDT) has extended the due date for submitting income tax audit…

2 months ago

Can I revise my income tax return to claim certain DTAA benefits?

I filed my income tax return (ITR) as a non-resident Indian (NRI) and it has been processed. If I want…

2 months ago

The invisible burden on low-income workers that’s equivalent to a 35% tax paid by crorepatis

“This tax is as high as 35%, the same as what people earning above ₹1 crore pay," said Harsh Roongta,…

2 months ago

Is Aditya Birla’s new Income Suraksha Plan worth it? Exploring monthly income in term insurance

Behind the allure of a lump-sum insurance payout lies a harsh reality: many families struggle to manage it wisely, often…

2 months ago

Raising farmer income is a key priority for India

The issue of raising farmers’ income and equitable distribution of opportunity in the agriculture ecosystem was discussed threadbare at the…

2 months ago

Income tax: Scores of taxpayers get I-T notices under section 148; can be challenged, says ICAI ex-chief Ved Jain

Some income taxpayers have reportedly received notices under section 148, which is related to the reopening of assessments for the…

2 months ago

How your residential status affects income tax in India

If you are a resident of India, all your global income, wherever received, becomes taxable in India, subject to the…

3 months ago

Income Tax: Is your refund being held up over defective I-T return? This is what you should do

The deadline to file an income tax return (ITR) passed on July 31, 2024, following which eligible taxpayers received either…

3 months ago

Tax rules: Claiming vacant house as self-occupied in income tax return

I own a house which is self-occupied. My wife is a homemaker and stays with me with no income except…

3 months ago

Bibles, cryptocurrency, Truth Social and gold bars: A look at Trump’s reported sources of income

Former President Donald Trump owns more than $1 million worth of cryptocurrency and up to $250,000 in gold bars along…

3 months ago

Maharashtra News: ‘My husband gets Income Tax notice every time I speak against govt in Parliament,’ claims Supriya Sule

Nationalist Congress Party (Sharad Pawar) leader Supriya Sule has claimed that her husband Sadanand Sule got an income tax notice…

3 months ago

Missed to file income tax return by last date? You can still claim ITR refund, here’s how

For individuals who have filed their income tax return (ITR) and are expecting a refund, it's crucial to know that…

3 months ago

ITR filing: How can taxpayers check their income tax refund status online? A step-by-step guide

Now that you have filed your income tax returns, you must be wondering when you will receive your income tax…

3 months ago

How a 10% surcharge can swallow up to 70% of your income above ₹50 lakh

The concept of a surcharge is simple – it’s an extra tax on your total tax liability if your income…

3 months ago

ITR filing: When will you get income tax refund? Key questions answered

The last date to file an income tax return (ITR) ended on July 31, 2024, and taxpayers are now awaiting…

4 months ago

Income Tax: As the ITR filing deadline for FY24 ends tonight, be aware of these key points

Since the deadline to file income tax return (ITR) did not get any extension beyond July 31, the last date…

4 months ago

What is the connection between budgeting and personal finance? MintGenie explores

Although often ignored, budgeting is the key to achieving success and stability in your finances. Consider it as your personal…

4 months ago