https://www.business-standard.com/economy/news/300k-500k-get-i-t-department-intimation-for-zero-or-lower-advance-tax-123090401275_1.html Clipped from: https://www.business-standard.com/economy/news/300k-500k-get-i-t-department-intimation-for-zero-or-lower-advance-tax-123090401275_1.html ‘Intimation’ comes ahead of tax payment due date Listen to This Article The income tax (I-T) department issued intimations to an estimated
Category: Income Tax
Gold purchase in wife’s name: Will you have to pay tax on income from its sale in future? | The Financial Express
https://www.financialexpress.com/money/income-tax-gold-purchase-in-wifes-name-will-you-be-liable-to-pay-tax-on-its-sale-in-future-3232382/ Clipped from: https://www.financialexpress.com/money/income-tax-gold-purchase-in-wifes-name-will-you-be-liable-to-pay-tax-on-its-sale-in-future-3232382/ Taxation of Gold purchased in wife’s name: Selling an asset at a price higher than the price at the time of purchase
Check Form 26AS, reconcile with Form 16 before you file your tax r
https://www.business-standard.com/finance/personal-finance/check-form-26as-reconcile-with-form-16-before-you-file-your-tax-return-123070700678_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/check-form-26as-reconcile-with-form-16-before-you-file-your-tax-return-123070700678_1.html Claiming excess tax credit in your return could trigger a notice from the tax authorities Before a taxpayer files his Income-Tax Return
CBDT issues guidelines for re-opening cases post Supreme Court judgement – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/cbdt-issues-guidelines-for-re-opening-cases-post-supreme-court-judgement/article67234001.ece Clipped from: https://www.thehindubusinessline.com/economy/cbdt-issues-guidelines-for-re-opening-cases-post-supreme-court-judgement/article67234001.ece No action is required to be taken under Section 147/148 of the Income Tax Act in cases, where decision of appellate authorities
Sec 54 benefit gets forfeited unless taxpayer meets multiple criteria
https://www.business-standard.com/finance/personal-finance/section-54-benefit-gets-forfeited-unless-taxpayer-meets-multiple-criteria-123082800839_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/section-54-benefit-gets-forfeited-unless-taxpayer-meets-multiple-criteria-123082800839_1.html An ITAT ruling has clarified seller can commit to buy new house much before selling old one Representative Image A recent ruling
👍👍👍👍👍👍👍Understanding Tax Implications for High-Premium Life Insurance Policies: Decoding the CBDT Circular – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/clarifying-new-taxation-rules-in-life-insurance/article67230641.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/clarifying-new-taxation-rules-in-life-insurance/article67230641.ece A recent CBDT circular considers all possible cases and explains tax implications with examples Life insurance policies with annual premium over ₹5
👍👍👍👍👍👍👍Positive Tax Relief for Employees on Rent-Free Accommodation Perquisites – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/tax-relief-for-employees-residing-in-accommodation-provided-by-employer/article67234343.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-relief-for-employees-residing-in-accommodation-provided-by-employer/article67234343.ece A ‘perquisite’ signifies a non-monetary benefit extended by employers to their employees. The value of such perquisites is taxable in the hands
👍👍👍👍👍Sec 54 benefit gets forfeited unless taxpayer meets multiple criteria
https://www.business-standard.com/finance/personal-finance/section-54-benefit-gets-forfeited-unless-taxpayer-meets-multiple-criteria-123082800839_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/section-54-benefit-gets-forfeited-unless-taxpayer-meets-multiple-criteria-123082800839_1.html An ITAT ruling has clarified seller can commit to buy new house much before selling old one Representative Image A recent ruling
New tax norms favour employees living in employer accommodation
https://www.business-standard.com/finance/personal-finance/new-tax-norms-favour-employees-living-in-employer-accommodation-123083000900_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/new-tax-norms-favour-employees-living-in-employer-accommodation-123083000900_1.html Reduction in salary percentage considered as perquisite value and introduction of inflation-linked cap will reduce taxable income Listen to This Article The
अपडेटेड इन्कम टॅक्स रिटर्न कसा भरावा?| how to file upated income tax return mmdc psp-88 | Loksatta
https://www.loksatta.com/business/personal-finance/how-to-file-updated-income-tax-return-mmdc-psp-88-3881341/ Clipped from: https://www.loksatta.com/business/personal-finance/how-to-file-updated-income-tax-return-mmdc-psp-88-3881341/ Money Mantra: आधी कोणतेही रिटर्न करपात्र ‘असताना’ वा ‘नसताना’ दाखल केलेले ‘असताना’ वा ‘नसताना’ हे विवरणपत्र दाखल करता येते ही या विवरणपत्राची
Companies allege getting show-cause notice for prosecution after depositing TDS with late penalty – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/companies-allege-getting-show-cause-notice-for-prosecution-after-depositing-tds-with-late-penalty/article67244567.ece Clipped from: https://www.thehindubusinessline.com/economy/companies-allege-getting-show-cause-notice-for-prosecution-after-depositing-tds-with-late-penalty/article67244567.ece IT Department says not a general trend Companies even after depositing TDS with penal interest are getting show-cause notice from Income Tax
Flat purchase in wife’s name: Can you save tax on capital gains and rental income?
http://www.financialexpress.com/money/income-tax-flat-house-property-purchase-in-wifes-name-can-you-save-tax-on-capital-gains-and-rental-income-3224504/ Income Tax rules for property purchased in wife’s name: Tax liability arises when you sell a flat at a higher price or when you
👍👍👍👍👍👍👍Taxability of Gifts under Income Tax Act, 1961
https://taxguru.in/income-tax/taxability-gifts-income-tax-act-1961.html Clipped from: https://taxguru.in/income-tax/taxability-gifts-income-tax-act-1961.html Gifts are taxed in India under the Income Tax Act, as there is no separate gift tax in India since the abolishment
👍👍👍👍👍New Income Tax portal: CBDT launches revamped website of I-T department | The Financial Express
https://www.financialexpress.com/money/income-tax-new-income-tax-portal-cbdt-launches-revamped-website-of-i-t-department-3223439/ Clipped from: https://www.financialexpress.com/money/income-tax-new-income-tax-portal-cbdt-launches-revamped-website-of-i-t-department-3223439/ The newly revamped website was launched by the Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta at the ‘Chintan Shivir’, organised
👍👍👍👍👍👍👍Positive Tax Relief for Employees on Rent-Free Accommodation Perquisites – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/tax-relief-for-employees-residing-in-accommodation-provided-by-employer/article67234343.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-relief-for-employees-residing-in-accommodation-provided-by-employer/article67234343.ece A ‘perquisite’ signifies a non-monetary benefit extended by employers to their employees. The value of such perquisites is taxable in the hands
👍👍👍👍👍What Are the Tax Implications on Capital Gains from Selling HDFC Limited Shares After Merger with HDFC Bank? – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-tax-implications-on-capital-gains-from-selling-hdfc-ltd-shares-after-merger-with-hdfc-bank/article67205386.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-tax-implications-on-capital-gains-from-selling-hdfc-ltd-shares-after-merger-with-hdfc-bank/article67205386.ece I had bought 200 shares of HDFC Ltd on February 10, 2010, at the average price of ₹550. The market price of these
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