Tax

Lock-in period for tax saving fixed deposits to be reduced to 3 years? Here’s what public sector banks like SBI want

New rules for tax saving fixed deposits soon? State Bank of India, along with other public sector lenders, are appealing…

5 months ago

Tax tribunals allow deductions for donations part of CSR spend

MUMBAI: Delhi and Mumbai benches of ITAT recently allowed a deduction under section 80-G of the I-T Act to two…

5 months ago

Can an Australian NRI get exemption on capital gains?

I live in Australia with my family. Somewhere in mid-2020, I had invested in some liquid mutual funds, which I…

5 months ago

Income Tax Return: How to maximise your tax refunds while filing ITR?

Availing of necessary deductions and exemptionsTaxpayers should use all available deductions and exemptions to reduce their tax liability. Examining the…

5 months ago

India Clocked 0.07 Percent Crypto Tax Payers; Over 99 Percent Global Investors Evaded Dues: Divly Report

The crypto community of India has not been very supportive of the tax rules that the government enforced on the…

5 months ago

Income Tax Return filing: Salaried individuals need to be aware of these 5 key points

If you are a salaried income tax payer, the process to file income tax return is quite simple, to say…

6 months ago

Furniture and fixtures can save you capital-gains tax and stamp duty. But only if you do it right.

For the buyer, this meant stamp duty savings on the ₹16 lakh portion. It seemed like a win-win until the…

6 months ago

Income Tax Return filing: 60 days to go! A lowdown on the tax forms you can opt for

As the deadline of July 31 to file income tax return (ITR) for FY 24 draws closer, taxpayers are expected…

6 months ago

Travelling on national highways set to cost you more! NHAI hikes toll tax across highways by 5%

NHAI Toll Hike Alert! Effective from Monday, that is June 3, 2024, motorists using expressways across the country will have…

6 months ago

Aadhaar-PAN link: Income Tax Department issues step-by-step guide to avoid higher TDS. Check here

Aadhaar-PAN link: The Income Tax Department has recently issued a detailed guide outlining step-by-step instructions on how individuals can link…

6 months ago