Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-save-income-tax-on-capital-gains-from-selling-a-house/articleshow/94051014.cms Synopsis If you have sold a house in the current financial year, then capital gains derived from such a sale will be taxable
Category: Income Tax
Tax Query: How can I claim capital loss from DHFL shares/NCDs? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-how-can-i-claim-capital-loss-from-dhfl-sharesncds/article65895696.ece Capital gains/loss comes into the picture only when a capital asset is transferred Can I claim capital loss with regard to DHFL shares?
income tax compounding: Income Tax department relaxes norms for compounding of offence – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/income-tax-department-relaxes-norms-for-compounding-of-offence/articleshow/94273116.cms Synopsis Issuing the revised guidelines for Compounding of offences under the Income-tax Act, 1961, the Central Board of Direct Taxes (CBDT) said: “The
Belated ITR Filing Under New Tax Regime: Can you claim the new tax regime benefit while filing belated income tax returns (ITR)?
Clipped from: https://economictimes.indiatimes.com/wealth/tax/can-you-claim-the-new-tax-regime-benefit-while-filing-belated-income-tax-returns/articleshow/94216350.cms Synopsis Have you calculated your income taxes according to the new income tax regime but missed the deadline to file an income tax
Income Tax | Capital Gains: How to save income tax on capital gains from selling a house
lipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-save-income-tax-on-capital-gains-from-selling-a-house/articleshow/94051014.cms Synopsis If you have sold a house in the current financial year, then capital gains derived from such a sale will be taxable
HUF: How Hindu Undivided Family (HUF) can help you save income tax?
Clipped from: https://economictimes.indiatimes.com/wealth/tax/huf-can-help-you-save-substantial-income-tax-heres-how/articleshow/94213078.cms Synopsis An HUF is treated as a separate tax entity; it enjoys a separate basic tax exemption of Rs 2.50 lakh in addition
IT Notice for Proposed Adjustment u/s 143(1)(a) – Learn by Quicko
Clipped from: https://learn.quicko.com/income-tax-notice-for-proposed-adjustment-section-143-1-a What is Notice u/s 143(1)(a) Communication received u/s 143(1)(a) is communication for proposed adjustment u/s 143(1)(a) received from the income tax department. This notice is
Notices issued to wrong Email address – HC set-aside Assessment order
Clipped from: https://taxguru.in/income-tax/notices-issued-wrong-email-address-hc-set-aside-assessment-order.html Nita Roy Vs Union of India (Calcutta High Court) The petitioner by way of filing this writ petition challenged the assessment order, demand
CBDT asks those who have won money in online games to pay taxes, file updated ITR
CBDT asks those who have won money in online games to pay taxes, file updated ITR https://economictimes.indiatimes.com/wealth/tax/cbdt-asks-those-who-have-won-money-in-online-games-to-pay-taxes-file-updated-itr/articleshow/93849713.cms Download Economic Times App to stay updated with
NRI and Inheritance: Solving the succession challenge | The Financial Express
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,
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
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