taxpayers

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

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

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

Budget 2024: How will capital gains tax tweaks impact taxpayers? Beneficial, says I-T department. Here’s the math

In the Union Budget 2024, presented by Finance Minister Nirmala Sitharaman on July 23, the tax rates for long-term capital…

4 months ago

Budget 2024: Taxpayers can re-assess income tax file beyond 3 years, and till 5 years, IF… FM revises time limit

With the concerns of the period of reassessment and reopening of income tax file, finance minister Nirmala Sitharaman in budget…

4 months ago

Income tax budget 2024: Standard deduction for salaried individuals hiked for these taxpayers. Details here

Presenting the Budget for 2024-25 in the Lok Sabha, Finance Minister Nirmala Sitharaman said the standard deduction for salaried employees…

4 months ago

10 things individual taxpayers should know

To provide relief to the middle class, FM has rationalized slab rates under the new tax regime and allowed additional…

4 months ago

Taxpayers can amend sales return form before GST payment

NEW DELHI: GST taxpayers will now have the option to amend outward supply or sales return form GSTR-1 before payment…

5 months ago

GST notices pending against less than 2% of taxpayers: FM Sitharaman

NEW DELHI: Union finance minister Nirmala Sitharaman said on Saturday that less than 2% of the nearly 59 lakh active…

5 months ago

Complementary NFTs for Crypto Taxpayers in India: TaxNodes Hatches Game Plan

Profits generated via crypto activities in India are subjected to a 30 percent tax deduction, a rule that most members…

5 months ago

GST Rates: Taxpayers want rationalisation of GST rates, amnesty scheme | India Business News

NEW DELHI: As GST completes seven years, taxpayers have demanded rationalisation of rates, faceless dealing with authorities and an amnesty…

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

Modi 3.0 Budget 2024 Expectations: What are Finance Minister Nirmala Sitharaman’s plans for taxpayers?

With the dawn of Modi 3.0, all eyes are eagerly set on the upcoming Union Budget of 2024, slated for…

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

ITR Filing FY24: 6 key points taxpayers must know as July 31 deadline looms large

With the deadline of July 31 to file income tax return (ITR) approaching fast, taxpayers are expected to be scurrying…

6 months ago