Category: Income Tax
Your queries: Income Tax; LTCG on auction of gold to repay loan will attract tax – Income Tax News | The Financial Express
https://www.financialexpress.com/money/income-tax-your-queries-income-tax-ltcg-on-auction-of-gold-to-repay-loan-will-attract-tax-3317160/ Clipped from: https://www.financialexpress.com/money/income-tax-your-queries-income-tax-ltcg-on-auction-of-gold-to-repay-loan-will-attract-tax-3317160/ Capital gain shall be calculated on the basis of the date of transfer of capital asset, i.e., the date of registering the
Automation, simplification cut waiting time for tax refunds: CII Survey – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/automation-simplification-cut-waiting-time-for-tax-refunds-cii-survey/article67565108.ece Clipped from: https://www.thehindubusinessline.com/economy/automation-simplification-cut-waiting-time-for-tax-refunds-cii-survey/article67565108.ece Survey reports 87 per cent of individual taxpayers and 89 per cent of firms find income tax refund process ‘convenient’ A CII Survey reported
How much cash can I receive as a gift without attracting any tax obligations? – Income Tax News | The Financial Express
https://www.financialexpress.com/money/income-tax-how-much-cash-can-i-receive-as-a-gift-without-attracting-any-tax-obligations-3307769/ Clipped from: https://www.financialexpress.com/money/income-tax-how-much-cash-can-i-receive-as-a-gift-without-attracting-any-tax-obligations-3307769/ From an income tax perspective, there shall be no tax implications if the aggregate cash received as gifts does not exceed Rs.
अनुमानित कराच्या तरतुदी काय असतात? | Money Mantra : What are the provisions for presumptive taxation ? | Loksatta
https://www.loksatta.com/business/personal-finance/money-mantra-what-are-the-provisions-for-presumptive-taxation-mmdc-asj-82-4047739/ Clipped from: https://www.loksatta.com/business/personal-finance/money-mantra-what-are-the-provisions-for-presumptive-taxation-mmdc-asj-82-4047739/ अनुमानित कर अनुमानित कराच्या तरतुदी उद्योग आणि व्यवसायांसाठी वेगवेगळ्या आहेत. Money Mantra : अनुमानित कराच्या तरतुदी काय असतात? प्राप्तिकर कायद्यानुसार उद्योग-व्यवसाय करणाऱ्यांना
Tax Query: Explaining Switch Between New and Old Tax Regimes – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-explaining-switch-between-new-and-old-tax-regimes/article67516533.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-explaining-switch-between-new-and-old-tax-regimes/article67516533.ece Under Income Tax law, individual taxpayers with business income are not allowed to select between the old tax regime and the new
Tax Query: How to Withdraw Capital Gains Proceeds After Paying Tax – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/how-to-withdraw-proceeds-from-capital-gains-account-after-paying-tax/article67493067.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/how-to-withdraw-proceeds-from-capital-gains-account-after-paying-tax/article67493067.ece I am a senior citizen. I sold a plot five years ago and invested the proceeds in capital gains account. After three
Gifting movable, immovable properties or cash through Gift Deed this Diwali? Know how they will be taxed – Money News | The Financial Express
https://www.financialexpress.com/money/gifting-movable-immovable-properties-or-cash-through-gift-deed-this-diwali-know-how-they-will-be-taxed-3295267/ Clipped from: https://www.financialexpress.com/money/gifting-movable-immovable-properties-or-cash-through-gift-deed-this-diwali-know-how-they-will-be-taxed-3295267/ The taxation of gifts has to be examined from the perspective of the donor (i.e. the giver of the gift) as well
Exemptions from Capital Gains: A Comprehensive Guide
https://taxguru.in/income-tax/capital-gains-tax-exemptions-guide.html lipped from: https://taxguru.in/income-tax/capital-gains-tax-exemptions-guide.html Introduction: Capital gains tax can take a substantial bite out of your profits when selling assets, but the Income-tax Act provides a lifeline
Will I have to pay tax on the residual amount after selling an old flat and buying a new one? – Money News | The Financial Express
https://www.financialexpress.com/money/will-i-have-to-pay-tax-on-the-residual-amount-after-selling-an-old-flat-and-buying-a-new-one-3285149/ Clipped from: https://www.financialexpress.com/money/will-i-have-to-pay-tax-on-the-residual-amount-after-selling-an-old-flat-and-buying-a-new-one-3285149/ Tax on Flat Sale: As per Section 54, an individual can save long-term capital gains arising on the sale of RHP by
I-T commences 360 degree profiling of HNI tax evaders – Money News | The Financial Express
https://www.financialexpress.com/money/i-t-commences-360-degree-profiling-of-hni-tax-evaders-3284726/ Clipped from: https://www.financialexpress.com/money/i-t-commences-360-degree-profiling-of-hni-tax-evaders-3284726/ Huge underpayment of taxes among the super-rich even after rate cut in Budget According to data on the I-T department website, 2,16,000
Taxpayers and the Covid impact
https://www.business-standard.com/opinion/columns/taxpayers-and-the-covid-impact-123102400942_1.html Clipped from: https://www.business-standard.com/opinion/columns/taxpayers-and-the-covid-impact-123102400942_1.html Govt data on direct taxes points to ways of expanding the tax net Illustration: Binay Sinha Have more Indians come under the
STCG on Profit From Trading in Shares – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-stcg-on-profit-from-trading-in-shares/article67438181.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-stcg-on-profit-from-trading-in-shares/article67438181.ece Section 87A of the Income-tax Act,1961 (‘the Act’) has been amended by the Finance Act, 2023, to allow benefit of tax rebate
Your Money: Tax calculators for dummies
https://www.financialexpress.com/money/your-money-tax-calculators-for-dummies-3274535/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
CBDT simplifies angel taxation norms for DPIIT-recognised start-ups – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/cbdt-simplifies-angel-taxation-norms-for-dpiit-recognised-start-ups/article67423208.ece Clipped from: https://www.thehindubusinessline.com/economy/cbdt-simplifies-angel-taxation-norms-for-dpiit-recognised-start-ups/article67423208.ece Angel tax is levied when an unlisted company issues shares to an investor at a price higher than its fair market value
Nearly 70% of taxpayers opted for new PIT regime: CBDT chief | The Financial Express
https://www.financialexpress.com/money/nearly-70-of-taxpayers-opted-for-new-pit-regime-cbdt-chief-3268941/ Clipped from: https://www.financialexpress.com/money/nearly-70-of-taxpayers-opted-for-new-pit-regime-cbdt-chief-3268941/ Direct tax mop-up up 22% on year, against budgeted 11.6% X Around 60-70% of the individual taxpayers have likely shifted to the
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