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
Category: Income Tax
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
👍👍👍👍👍👍👍Understanding Income Tax for Self-Employed Individuals: A Complete Overview
Clipped from: https://www.taxscan.in/understanding-income-tax-for-self-employed-individuals-a-complete-overview/329614/ The term “Self-Employed Individual” means any person who is a business owner or a professional who makes income by selling his or her
Tax query– deductions on account of property taxes and 30% Standarddeduction –Courtesy BusinessLine 8.10.23
[1] property taxes allowed as deduction only on payment basis [2] 30% standard deduction on net annual value [ gross rent less property taxes ]–and
👍👍👍👍👍👍👍Capital Gain Tax Exemption – Date of Acquiring New Property
https://taxguru.in/income-tax/capital-gain-tax-exemption-date-acquiring-property.html Clipped from: https://taxguru.in/income-tax/capital-gain-tax-exemption-date-acquiring-property.html Section 54 of the Income Tax Act offers taxpayers the opportunity to claim a deduction from capital gains income tax when selling
👍👍👍👍👍👍👍Consider Agreement Date for Capital Gains and Section 54/54F Exemption: SC
https://taxguru.in/income-tax/consider-agreement-date-capital-gains-section-54-54f-exemption-sc.html Clipped from: https://taxguru.in/income-tax/consider-agreement-date-capital-gains-section-54-54f-exemption-sc.html Sanjeev Lal Etc Vs CIT (Supreme Court of India) Introduction: In a significant ruling, the Supreme Court of India has provided clarity on
👍👍👍👍👍Municipal Tax allowable as expenditure u/s 24 of Income Tax Act when Assessee paid proportionate Tax to Society: ITAT
lipped from: https://www.taxscan.in/municipal-tax-allowable-as-expenditure-u-s-24-of-income-tax-act-when-assessee-paid-proportionate-tax-to-society-itat/327701/ The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the municipal tax shall be allowable as expenditure under Section 24 of the
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