Tax

Income tax return filing 2024: Who is required to file ITR?

Filing your income tax return and discharging appropriate tax liability are two different responsibilities that must be discharged appropriately. This…

5 months ago

Budget 2024: Government may hike exemption limit under new income tax regime to ₹5 lakh, says report

The Indian government is considering to lower certain personal income tax rates, multiple government officials were quoted as saying by…

5 months ago

Income Tax Filing 2024: What to do if Form 16 data mismatches ITR prefilled form?

Tax deducted under Sections 192 to 195 of theIncome Tax Act, typically by employers, necessitates issuance of a certificate (most…

5 months ago

Budget 2024 income tax expectations: Modi government may lower personal tax rates, says report – top 5 points

Budget 2024 income tax expectations: The Modi government is mulling over the possibility of reducing personal tax rates for specific…

5 months ago

Why retail investors want to see a change in capital gains tax

Capital gains tax has become a hot topic of conversation—after a video featuring the Union finance minister Nirmala Sitharaman and…

5 months ago

Can I take benefit of India-UAE DTAA?

I am based in the UAE and have sold mutual funds and listed shares over the past year with gains…

5 months ago

Expand base, avoid super rich tax: CII president

ITC chairman and managing director Sanjiv Puri took over as the new CII president during elections. The industry chamber is…

5 months ago

Can I claim a tax benefit on rent paid in the same city where I own a house?

Is there a tax benefit available if an individual stays in a rented house and at the same time rents…

5 months ago

Form 26 AS: Filing Income Tax Return? Know why Form 26AS is important & how to download it

What is Form 26 AS in income tax return filing? Form 26AS is an important document when it comes to…

5 months ago

US Scraps Excise Tax Proposal on Bitcoin Mining After Biden Refuses to Slash Crypto Taxes

The US has come to a decision regarding the imposition of excise taxes on Bitcoin miners operating from within the…

5 months ago

Investors Expect Crypto Tax Could Continue as Nirmala Sitharaman Returns as Finance Minister

India concluded its general elections on June 1, with results last week paving the way for the re-election of Narendra…

5 months ago

US President Joe Biden Calls Proposal to Reduce Crypto Tax ‘Unacceptable’ Amid Debt Pressure: Report

The US is not ready to take any financial risk or lose incoming capital, especially now when its economy has…

5 months ago

Sebi bats for tax benefits to cos investing in ‘zero coupon zero principal bonds’

NEW DELHI: To encourage social sector spending, markets regulator Sebi has suggested that the government should allow tax benefits to…

5 months ago

Rate rejig may come back on GST Council table

New Delhi: The all-powerful GST Council is scheduled to meet on June 22, the first meeting in eight months and…

5 months ago

Simplify rate structure, include informal economy in tax ambit: Tax experts

MUMBAI: India can reduce taxes, maintain a low tax to GDP ratio and still collect robust taxes because of its…

5 months ago

India’s ZebPay Exchange Partners With Singapore’s Taxnodes to Simplify Crypto Tax Filings

India's ZebPay crypto exchange aims to simplify the process of computing and filing taxes on crypto assets for its users.…

5 months ago

WazirX Ties Up With Singapore’s TaxNodes to Simplify Crypto Tax Computations, Filings: Details

WazirX, the Indian crypto exchange, announced its partnership with Singapore-based TaxNodes on Tuesday, May 2. The aim of this partnership…

5 months ago

Income Tax Return: What are the alternatives to Form 16 that can be used while filing ITR?

July 31, 2024, is the deadline for submitting Income Tax Returns (ITRs) for the Assessment Year (AY) 2024–2025. Before submitting…

5 months ago

Income Tax Filing: 10 necessary guidelines that you must be aware of

Pre-filled ITRs: The Income Tax Department automatically populates tax return forms with information obtained from employers, banks, and investment entities.…

5 months ago

Bharat Bond Exchange Traded Fund: Capital gains tax regime for debt mutual funds may be tweaked

The finance bill 2023 introduced changes to the tax structure for debt mutual funds. (AI image) Bharat Bond Exchange Traded…

5 months ago