https://www.thehindubusinessline.com/portfolio/personal-finance/four-changes-to-note-in-new-itr-1-and-itr-4-forms/article67685838.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/four-changes-to-note-in-new-itr-1-and-itr-4-forms/article67685838.ece These tweaks encourage a seamless filing process and discourage delays For assessment year 2024-25, the Income Tax department has already introduced two
Category: Income Tax
Interest on deposits from co-op bank eligible for Section 80(2)(d) deduction
https://taxguru.in/income-tax/interest-deposits-earned-co-operative-bank-eligible-deduction-u-s-80-2-d.html#google_vignette Clipped from: https://taxguru.in/income-tax/interest-deposits-earned-co-operative-bank-eligible-deduction-u-s-80-2-d.html#google_vignette Chetak Co-Operative Housing Society Ltd. Vs ITO (ITAT Mumbai) Conclusion: Co-operative society received/earned interest on deposits with the co-operative bank was eligible for
Your queries: Loans; Brother-sister duo is not automatically given loan – Money News | The Financial Express
https://www.financialexpress.com/money/your-queries-loans-brother-sister-duo-is-not-automatically-given-loan-2-3351098/ Clipped from: https://www.financialexpress.com/money/your-queries-loans-brother-sister-duo-is-not-automatically-given-loan-2-3351098/ The loan is sanctioned based on the ownership of the property. You may purchase a property in the name of siblings. I
In a first, over 80 million ITRs filed for AY 2023-24: Income Tax dept
https://www.business-standard.com/economy/news/in-a-first-over-80-million-itrs-filed-for-ay-2023-24-income-tax-dept-123122900862_1.html Clipped from: https://www.business-standard.com/economy/news/in-a-first-over-80-million-itrs-filed-for-ay-2023-24-income-tax-dept-123122900862_1.html The income tax department on Friday said over 8 crore ITRs have been filed for assessment year 2023-24 till date The total
CBDT issues guidelines on 1% tax deduction by e-commerce operators – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/cbdt-issues-guidelines-on-1-tax-deduction-by-e-commerce-operators/article67684220.ece Clipped from: https://www.thehindubusinessline.com/economy/cbdt-issues-guidelines-on-1-tax-deduction-by-e-commerce-operators/article67684220.ece The CBDT circular details various types of situations with examples and provides clarity on multiple issues The Central Board of Direct Taxes
Direct tax collection set to triple, exceeding ₹19 lakh crore in Modi’s 10-year tenure – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/direct-tax-collection-set-to-triple-exceeding-19-lakh-crore-in-modis-10-year-tenure/article67686120.ece Clipped from: https://www.thehindubusinessline.com/economy/direct-tax-collection-set-to-triple-exceeding-19-lakh-crore-in-modis-10-year-tenure/article67686120.ece The Narendra Modi-led government enhanced the income tax regime, introducing appealing changes such as a raised basic exemption limit, standard deduction inclusion,
All You Need To Know About Income Tax Deductions Under Section 80C
https://taxguru.in/income-tax/income-tax-deductions-section-80c.html Clipped from: https://taxguru.in/income-tax/income-tax-deductions-section-80c.html Demystifying the Deduction Maze: A Comprehensive Guide to Section 80C Section 80C of the Income Tax Act – a three-letter code that
I-T dept sends advisory to taxpayers over mismatch in ITR, TDS/TCS deductions – Income Tax News | The Financial Express
https://www.financialexpress.com/money/income-tax-i-t-dept-sends-advisory-to-taxpayers-over-mismatch-in-itr-tdstcs-deductions-3348138/ Clipped from: https://www.financialexpress.com/money/income-tax-i-t-dept-sends-advisory-to-taxpayers-over-mismatch-in-itr-tdstcs-deductions-3348138/ The department said such communication is to facilitate the taxpayers and make them aware of the information available with the I-T department
GST on expat salaries mired in ambiguity – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/gst-on-expat-salaries-mired-in-ambiguity/article67674646.ece Clipped from: https://www.thehindubusinessline.com/opinion/gst-on-expat-salaries-mired-in-ambiguity/article67674646.ece While the courts have not taken a clear view, CBIC has urged officials to exercise restraint Ever so often, indirect tax laws
Say no to Cash Transactions- Income Tax Dept. Advises
Read more at: https://taxguru.in/income-tax/cash-transactions-income-tax-dept-advises.html#google_vignetteCopyright © Taxguru.in https://taxguru.in/income-tax/cash-transactions-income-tax-dept-advises.html Clipped from: https://taxguru.in/income-tax/cash-transactions-income-tax-dept-advises.html A. Introduction: Individuals prefer to receive, pay and transfer cash when the amounts of transactional value (money) involved
👌The capital gains tax conundrum
https://www.business-standard.com/opinion/columns/the-capital-gains-tax-conundrum-123122500802_1.html Clipped from: https://www.business-standard.com/opinion/columns/the-capital-gains-tax-conundrum-123122500802_1.html Capital gains tax suffers from varied tax rates or holding periods for different types of instruments even though they fall within the
CBDT notifies ITR-1, ITR-4 forms for AY 2024-25 – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/cbdt-notifies-itr-1-itr-4-forms-for-ay-2024-25/article67668391.ece Clipped from: https://www.thehindubusinessline.com/economy/cbdt-notifies-itr-1-itr-4-forms-for-ay-2024-25/article67668391.ece The forms will come into effect from April 1, 2024 The Central Board of Direct Taxes (CBDT) has notified two new return
Taxmen reminded: Comply with rules on family members’ business activity, embrace the spirit – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/taxmen-reminded-comply-with-rules-on-family-members-business-activity-embrace-the-spirit/article67660673.ece Clipped from: https://www.thehindubusinessline.com/economy/taxmen-reminded-comply-with-rules-on-family-members-business-activity-embrace-the-spirit/article67660673.ece The Income Tax Department has reminded officers to adhere to Rule 15(3) of the Central Civil Services (Conduct) Rules, directing the reporting
Taxmen reminded: Comply with rules on family members’ business activity, embrace the spirit – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/taxmen-reminded-comply-with-rules-on-family-members-business-activity-embrace-the-spirit/article67660673.ece Clipped from: https://www.thehindubusinessline.com/economy/taxmen-reminded-comply-with-rules-on-family-members-business-activity-embrace-the-spirit/article67660673.ece The Income Tax Department has reminded officers to adhere to Rule 15(3) of the Central Civil Services (Conduct) Rules, directing the reporting
Read: Over 7.40 crore persons filed ITRs in FY23, 5.16 crore showed zero tax liability: FinMin
https://www.financialexpress.com/policy/economy-over-7-40-crore-persons-filed-itrs-in-fy23-516-crore-showed-zero-tax-liability-finmin-3341729/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
प्रश्न तुमचे, उत्तरं तज्ज्ञांची | Know everything about Home loan with joint
https://www.loksatta.com/business/personal-finance/know-everything-about-home-loan-with-joint-name-mmdc-dvr-99-4104961/ Clipped from: https://www.loksatta.com/business/personal-finance/know-everything-about-home-loan-with-joint-name-mmdc-dvr-99-4104961/ संयुक्त नावाने गृह कर्ज जवळच्या नातेवाईकाबरोबरच घेता येते. प्रश्न तुमचे, उत्तरं तज्ज्ञांची (छायाचित्र- लोकसत्ता ग्राफिक्स टीम) गुंतवणूक, घराची खरेदी- विक्री, शेअर आदी
Your queries: Income Tax | No Form 16? Apply to jurisdictional tax officer with pay slips – Income Tax News | The Financial Express
https://www.financialexpress.com/money/income-tax-your-queries-income-tax-no-form-16-apply-to-jurisdictional-tax-officer-with-pay-slips-3339993/ Clipped from: https://www.financialexpress.com/money/income-tax-your-queries-income-tax-no-form-16-apply-to-jurisdictional-tax-officer-with-pay-slips-3339993/ I filed my returns in June this year. However, I have still not got the refund of Rs 10,000. What should I
Tax Query: Is Switch from Old to New Tax Regime Allowed Only Once for Self-employed Professionals? – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-is-switch-from-old-to-new-tax-regime-allowed-only-once-for-self-employed-professionals/article67637730.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-is-switch-from-old-to-new-tax-regime-allowed-only-once-for-self-employed-professionals/article67637730.ece Individual taxpayers with business income can opt for the new income tax regime and will have a one-time chance to return to