Tax

Tax preparation company Intuit to lay off 1,800 as part of an AI-focused reorganization plan

WASHINGTON -- Tax preparation and financial software company Intuit announced an AI-focused reorganization plan Wednesday that includes laying off about…

4 months ago

Congressman Matt Gaetz Introduces Bill to Allow Federal Income Tax Payments in Bitcoin

Congressman Matt Gaetz (R-FL) has introduced legislation to allow federal income tax payments to be made in Bitcoin. Exclusively reported first…

5 months ago

ITR filing 2024: Which ITR form is recommended for senior citizens, super senior citizens for tax returns

The deadline for filing income tax approaches each day, underscoring the importance for senior and super-senior citizens to grasp the…

5 months ago

Tax FAQs for NRIs: Schedule AL, India-Germany DTAA decoded

As a non-resident Indian (NRI) with capital gains of around ₹1 crore, do I need to file Schedule AL (assets…

5 months ago

Income tax return filing 2024: How to choose the right ITR form

The Indian Income Tax Department provides various income tax return (ITR) forms tailored to different taxpayer scenarios. Selecting the appropriate…

5 months ago

Budget 2024: Aviation industry seeks policies to ease business, wants tax sops

2024-07-02 21:25:02 As finance minister Nirmala Sitharaman prepares to unveil the Union Budget 2024-25 later this month, the civil aviation…

5 months ago

Government should raise I-T exemption limit under new tax regime from ₹3 lakh to ₹5 lakh: EY

Budget 2024: Tax and consultancy firm EY, as quoted by Moneycontrol, said in a report on June 27 that the…

5 months ago

GST Council waives interest, penalty on tax demands between FY18 and FY20 | Economy & Policy News

2024-06-30 10:40:01 Union Finance Minister Nirmala Sitharaman chairs the 53rd GST Council meeting, in New Delhi, Saturday, June 22, 2024.…

5 months ago

Mint Explainer: Why Gift City is seeking tax parity with domestic mutual funds

The International Financial Services Centre, or IFSC, was established at the Gujarat International Finance Tec-City, or Gift City, a decade…

5 months ago

ITR filing: Top mistakes to avoid when filing Income Tax returns

Filing Income Tax Returns (ITR) is a crucial responsibility for taxpayers in India. Ensuring accurate and timely submissions can prevent…

5 months ago

No GST on hostels, rail platform ticket, waiting room, ESOPs

NEW DELHI: GST Council on Saturday decided to exempt all hostel fees, platform ticket, railway waiting room and golf cart…

5 months ago

Darshan: Police Seek Income Tax Probe into ₹70L Seized from Darshan, Wife, and Aides | Bengaluru News

BENGALURU: Kannada film actor Darshan may face the heat of the Income Tax (I-T) department soon as city police have…

5 months ago

GST Council meet may not look at online gaming tax

NEW DELHI: The GST Council meeting on Saturday is likely to focus on the immediate business at hand and issue…

5 months ago

Union Budget: Govt mulls income tax cuts, new slab to boost consumption

Prime Minister Narendra Modi’s government is considering consumption-boosting measures worth more than 500 billion rupees ($6 billion) in India’s upcoming…

5 months ago

AI: Robot Tax for AI-affected Jobs Discussed in FM Budget Meeting | India Business News

New Delhi: When economists meet the finance minister ahead of the Budget, the conversation usually focuses on growth, fiscal policy,…

5 months ago

ITR Filing: Essential income tax exemptions and deductions every taxpayer should know

Certain allowances are exempt from income tax up to certain thresholds. This essentially lowers your taxable income, which in turn…

5 months ago

Direct tax kitty increases 22%, cushion for government to spend more

NEW DELHI: Gross direct tax collections have increased 22.2% to Rs 5,15,986 crore during the fiscal year up to June…

5 months ago

Budget 2024: Will Finance Minister Nirmala Sitharaman increase income tax exemption limit?

Finance Minister Nirmala Sithraman's Budget 2024 has raised many expectations since this is the start of the third term for…

5 months ago

Changing jobs often? Here’s why Form 16 is critical for your income tax return

Form 16 holds significant importance for employed individuals in India during the income tax filing process. It includes comprehensive information…

5 months ago

Income Tax Return: How to easily access and review your Annual Information Statement with a click

The deadline for filing ITRs for the financial year 2023-24 (Assessment year 2024-25) is July 31, 2024. With just over…

5 months ago