Clipped from: https://www.taxscan.in/tax-benefits-on-rent-free-accommodations-know-the-recent-income-tax-changes/324874/ Top Stories By Ipsita Das – On September 26, 2023 7:00 pm – 3 mins read The term “accommodation” refers to a location or area where people
Category: Income Tax
👍👍👍👍👍👍👍टीडीएस क्रेडिट, फॉर्म आणि नियमातले बदल| changes in tds credit form & rule mmdc psp-88 | Loksatta
https://www.loksatta.com/business/personal-finance/changes-in-tds-credit-form-and-rule-mmdc-psp-88-3924753/ Clipped from: https://www.loksatta.com/business/personal-finance/changes-in-tds-credit-form-and-rule-mmdc-psp-88-3924753/ Money Mantra: बहुतेक करदात्यांना या कायद्यातील वस्तुस्थितीबद्दल माहिती नसते की मिळालेलं उत्पन्न ज्या वर्षात हिशेबी पुस्तकात नोंद केले जाते, त्यानंतर येणाऱ्या वर्षात
Understanding Income Tax Intimations: How They Impact Tax Refunds – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/de-tax-its-not-over-after-you-file-your-tax-return-here-are-three-reasons-why/article67304083.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/de-tax-its-not-over-after-you-file-your-tax-return-here-are-three-reasons-why/article67304083.ece Less than two months after the due date to file income tax returns, individual taxpayers find themselves in a state of bewilderment
👍👍👍👍👍👍👍I am a senior citizen holding Income Tax records for 40 years. Am I supposed to keep them forever? | The Financial Express
https://www.financialexpress.com/money/i-am-a-senior-citizen-holding-income-tax-records-for-40-years-am-i-supposed-to-keep-them-forever-3247976/ Clipped from: https://www.financialexpress.com/money/i-am-a-senior-citizen-holding-income-tax-records-for-40-years-am-i-supposed-to-keep-them-forever-3247976/ How long should your keep old ITR records: ITR filers should retain their records/documents for up to 10 years from the end
शिक्षण आणि प्राप्तिकर कायद्यातील वजावटी | A tcs tax is collected on money sent outside India for abroad education | Loksatta
https://www.loksatta.com/business/personal-finance/a-tcs-tax-is-collected-on-money-sent-outside-india-for-abroad-education-print-eco-news-ssb-93-3921963/ Clipped from: https://www.loksatta.com/business/personal-finance/a-tcs-tax-is-collected-on-money-sent-outside-india-for-abroad-education-print-eco-news-ssb-93-3921963/ शिक्षण आणि प्राप्तिकर कायद्यातील वजावटी पाल्याला शिक्षणासाठी भारताबाहेर पैसे पाठवताना ५ टक्के कर गोळा (टीसीएस) केला जातो. त्यामुळे शिक्षणासाठी पैशाचे नियोजन करताना
Income Tax Return–Assessment
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I-T Department seeks information from 12 lakh return filers – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/it-department-seeks-information-from-12-lakh-return-filers/article67273835.ece Clipped from: https://www.thehindubusinessline.com/economy/it-department-seeks-information-from-12-lakh-return-filers/article67273835.ece Nearly 14 lakh filers are yet to verify their returns The Income Tax Department on Tuesday said that it has sought information
Around 500,000 taxpayers get I-T department alert for low advance tax
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
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
