Clipped from: https://www.financialexpress.com/money/nri-and-inheritance-solving-the-succession-will-bank-accounts-insurance-fd/2642945/ If the deceased has left a will, it needs to be read out, and for the NRI son/daughter who has inherited the assets,
Category: Income Tax
Do I pay tax if my minor child earns an income? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/do-i-pay-tax-if-my-minor-child-earns-an-income/articleshow/93531905.cms Synopsis Find out the taxation liability of a parent if a minor child has an income, whether it is earned or unearned, says
LTCG: You can get LTCG tax exemption on equity, mutual funds in these cases even if STT is zero
Clipped from: https://economictimes.indiatimes.com/wealth/tax/you-can-get-ltcg-tax-exemption-on-equity-mutual-funds-in-these-cases-even-if-stt-is-zero/articleshow/93748798.cms SynopsisAn individual who has sold equity shares and/or equity mutual funds is eligible for tax exemption of up to Rs 1 lakh on
Paid tax abroad? Remember to submit Form 67 and proof at earliest | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/paid-tax-abroad-remember-to-submit-form-67-and-proof-at-earliest-122082500012_1.html If you don’t do so, both processing of your tax return and refund could get delayed The Central Board of Direct Taxes (CBDT)
Read: Tax-free capital gains on equities not only affect those in 5% tax bracket, but also super rich
https://www.financialexpress.com/money/income-tax/income-tax-long-term-capital-gain-capital-gain-tax-ltcg-tax-free-ltcg-listed-equities-equity-oriented-mutual-fund-mf-equity-oriented-mf-schemes/2642475/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/MmNKttvY8NFRD3Kx6
Read: Home Loan: Get deduction up to Rs 3.5 lakh and reduce tax liability – Here’s how
https://www.financialexpress.com/money/income-tax/home-loan-tax-saving-calculator-rs-3-5-lakh-income-tax-free-heres-how/2639604/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/sGe4qXTiUspHdgbDA
Certainty on taxes, minimising tax litigation must be a priority in the next 25 years
Certainty on taxes, minimising tax litigation must be a priority in the next 25 years https://economictimes.indiatimes.com/opinion/et-commentary/certainty-on-taxes-minimising-tax-litigation-must-be-a-priority-in-the-next-25-years/articleshow/93695716.cms Download Economic Times App to stay updated with Business
How much TDS should be deducted on property purchased from NRI
How much TDS should be deducted on property purchased from NRI https://economictimes.indiatimes.com/nri/invest/how-much-tds-should-be-deducted-on-property-purchased-from-nri/articleshow/93687320.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21
Read: Taxpayers get more time to claim foreign tax credit
https://www.financialexpress.com/money/income-tax/taxpayers-get-more-time-to-claim-foreign-tax-credit/2636958/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/D2zwKZ36buV8Cz7r5
Got I-T notice? Know how to read it
Got I-T notice? Know how to read it https://economictimes.indiatimes.com/wealth/tax/got-i-t-notice-know-how-to-read-it/processing-of-itr/slideshow/93515360.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21
cryptocurrency tax: Crypto investors seek clarity on reporting assets in I-T returns – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/crypto-investors-seek-clarity-on-reporting-assets-in-i-t-returns/articleshow/93668017.cms Synopsis Having shifted the coins offshore using the Blockchain network to avoid stifling regulations, they have sensed that sharing the information with Income
Read: ITR Filing AY 2022-23: Return declared invalid? What to do now
https://www.financialexpress.com/money/income-tax/itr-filing-ay-2022-23-return-declared-invalid-what-to-do-now/2625804/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/uZD7TZx9Ak1wui7P8
CBDT issues SOP for faceless assessment to cut tax litigation, clear doubts
CBDT issues SOP for faceless assessment to cut tax litigation, clear doubts https://economictimes.indiatimes.com/news/economy/policy/cbdt-issues-sop-for-faceless-assessment-to-cut-tax-litigation-clear-doubts/articleshow/93486596.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21
Lessons from a tax cut | Business Standard Column
ears of a huge revenue loss from the 2019 reduction in corporation tax rates were exaggerated Almost three years ago, the Modi government had introduced
AIS Feedback: How to submit Annual Information Statement (AIS) feedback
lipped from: https://economictimes.indiatimes.com/wealth/tax/itr-filing-how-to-submit-annual-information-statement-ais-feedback/articleshow/93109316.cms Synopsis The AIS Consolidated Feedback file (ACF) allows taxpayers to obtain all of their AIS feedback, excluding feedback, ‘Information is correct,’ in one
Income Tax Return: LTCG on equities up to Rs 1 lakh is tax free, but you may still end up paying tax | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-ltcg-on-equities-up-to-rs-1-lakh-is-tax-free-but-you-may-still-end-up-paying-tax/2606280/ Despite keeping the aggregate income within Rs 5 lakh and LTCG within Rs 1 lakh, you may still end up paying tax. You
Prompt grievance redressal of taxpayers top priority: CBDT chairman Nitin Gupta
Prompt grievance redressal of taxpayers top priority: CBDT chairman Nitin Gupta https://economictimes.indiatimes.com/news/economy/finance/prompt-grievance-redressal-of-taxpayers-top-priority-cbdt-chairman-nitin-gupta/articleshow/93085362.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21
Tax Query: Income tax exemption limit for senior citizens – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-income-tax-exemption-limit-for-senior-citizens/article65671759.ece The basic exemption limit available is currently ₹3 lakh for senior citizens I am a senior citizen. In FY 2021-22 I have earned
TDS vs Total Tax Liability – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/simply-put-tds-vs-total-tax-liability/article65670149.ece TDS doesn’t mean all that you are obliged to pay has been paid Two friends meet at a bowling alley and the following
How to value valuation right? It’s time for taxmen to get pragmatic – The Economic Times
lipped from: https://economictimes.indiatimes.com/opinion/et-commentary/how-to-value-valuation-right-its-time-for-taxmen-to-get-pragmatic/articleshow/93060657.cms Synopsis Tax authorities tend to challenge the valuation by claiming that the projections used are not realistic. Consequently, they claim that the shares
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