Category: Income Tax

Clipped from: https://www.business-standard.com/article/pf/hra-exemption-can-be-claimed-on-rent-paid-to-parents-submit-landlord-s-pan-123022701060_1.html Prepare an agreement, pay rent into their bank accounts, and ensure they pay tax on it Salaried individuals who opt for the old tax regime,

Clipped from: https://www.financialexpress.com/sponsored/health-insurance-with-tax-benefits/2993640/ These tax advantages are available if you acquire the coverage for yourself and your parents, dependent kids, and spouse. Please continue reading to

Clipped from: https://www.business-standard.com/article/companies/how-a-new-tax-law-has-stumped-tata-trusts-and-top-corporate-donors-123022300513_1.html?code=NTM4OTU9MTIzMDIyMzAwNTEz The Finance Bill proposes that if a charitable organisation donates to another charity then only 85 per cent of the donation will be

Clipped from: https://www.thehindubusinessline.com/portfolio/big-story/budgets-nudge-to-hnis-change-investments-adopt-new-tax-regime/article66466755.ece One welcome announcement is reduction in peak surcharge if they opt for new tax regime For the rich or the high net worth

Clipped from: https://www.thehindubusinessline.com/portfolio/big-story/smarter-tax-options-for-self-employed/article66466482.ece There are many advantages to their moving to the new tax regime, from the old Union Budget 2023 offers new triggers for the

Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-cannot-deduct-stamp-duty-for-computing-capital-gains/2948726/ Your queries: Income Tax – Cannot deduct stamp duty for computing capital gains There are no provisions for concession in stamp duty payable

Clipped from: https://www.financialexpress.com/money/income-tax/tax-talk-know-how-to-avail-of-presumptive-tax-scheme/2983889/ In Budget 2023, the finance minister extended the option of presumptive taxation scheme to those professionals with gross receipts of less than `75

Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-when-deduction-towards-principal-repayment-of-a-home-loan-is-allowed/article66516585.ece In this instance, the individual is a senior citizen who has retired and receives a pension income As co-owner of flat and a

Clipped from: https://www.business-standard.com/article/economy-policy/new-system-driven-mechanism-in-works-for-opting-tax-regime-govt-official-123021501654_1.html The system will also compare the two schemes in an easy-to-understand format, said another source The income-tax (I-T) department is working on a