Category: Income Tax

Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-benefits-rebates-that-senior-citizens-enjoy/2301294/ Under the Old Income Tax Regime, senior citizens, having income from salary, rent and interest income, enjoy additional tax benefits and rebates compared

Clipped from: https://www.business-standard.com/article/pf/include-cryptocurrency-gains-in-income-tax-returns-say-analysts-121072901736_1.html Treat it as capital gain if you buy and hold; as business income if you trade frequently Two ITR forms are relevant for

Clipped from: https://economictimes.indiatimes.com/wealth/save/3-rule-changes-that-will-impact-your-money-from-august-1/articleshow/84848250.cmsSynopsis From August 1, your salary credit into your bank account, auto-debits related to mutual fund SIPs, home/car/personal loans EMI payments, bill payments such

Clipped from: https://www.businesstoday.in/personal-finance/ask-money-today/story/ask-money-today-how-is-lottery-prize-taxed-302528-2021-07-27 The motor car won by you in the draw also falls in the category of lottery. Payer of such income is required to

Clipped from: https://taxguru.in/income-tax/taxation-non-resident-indians.html The Income-tax Act, 1961 provides for special provisions to tax the income from specified assets in the hands of Non-resident Indians. These provisions

Clipped from: https://economictimes.indiatimes.com/wealth/tax/i-have-a-monthly-recurring-deposit-of-rs-20000-will-i-have-to-pay-income-tax-annually/articleshow/84757434.cmsSynopsis There is an option available to offer interest income for tax on accrual basis or receipt basis, at the discretion of the assessee.

Clipped from: https://economictimes.indiatimes.com/wealth/tax/i-am-58-years-old-and-want-to-invest-in-nps-tier-1-for-tax-reasons-can-i-do-so-at-this-age/articleshow/84169584.cmsSynopsis If the total pension corpus is less than or equal to Rs 5 lakh, you can process a 100% withdrawal, and there is

Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-banks-mutual-funds-and-companies-will-check-if-you-have-filed-itr/articleshow/84057122.cmsSynopsis Deductors of TDS/TCS like banks, mutual fund houses etc can now check if you have filed ITR when your income crosses the TDS

Clipped from: https://economictimes.indiatimes.com/wealth/tax/what-are-income-tax-benefits-available-on-donations-made/articleshow/84087217.cmsSynopsis Donations made to help people tide over the covid-19 pandemic can help you save income tax as well. Here is a look at

Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/honestly-a-new-code-salaried-taxpayers-bear-disproportionate-burden-goi-must-find-ways-to-make-evaders-pay/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of

Clipped from: https://economictimes.indiatimes.com/wealth/invest/5-investment-strategies-that-can-help-you-avoid-tax-legally-improve-your-investment-returns/articleshow/84703486.cms SynopsisEarning higher returns is not in the hands of investors. However, they can take steps to minimise their tax outgo. In this cover

Clipped from: https://www.loksatta.com/arthvrutant-news/article-about-tax-on-gifts-income-tax-on-gifts-gift-tax-exemption-zws-70-2533358/ प्राप्तिकर कायद्यानुसार करदात्याला मोबदल्याशिवाय किंवा अपुऱ्या मोबदल्याने मिळालेली संपत्ती त्याच्या करपात्र उत्पन्नात गणली जाते प्रवीण देशपांडे pravin3966@rediffmail.comभेटी देणे आणि घेणे हा आपल्या संस्कृतीचा

Clipped from: https://www.business-standard.com/article/opinion/how-you-use-a-loan-determines-tax-benefit-121072500810_1.html Interest paid on even a loan against property is tax deductible if you can prove that the loan was utilised for your child’s