Category: Income Tax

Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-calculate-taxable-income-for-fy-2021-22-to-file-income-tax-return-itr/articleshow/92695341.cms Synopsis An individual earns income from various sources such as salary, rent, capital gains, interest income etc. An individual taxpayer must ensure that

lipped from: https://www.thehindubusinessline.com/economy/feedback-tool-on-ais-aims-to-help-it-assesses-to-remove-mismatch-eliminate-fear-of-scrutiny-says-official/article65611986.ece AIS can be accessed through new income tax e-filing portal and is soon set to replace Form 26AS The Income Tax Department has

Clipped from: https://www.business-standard.com/article/markets/long-term-capital-gains-tax-relief-will-be-a-game-changer-for-the-markets-122070600300_1.html Retail investors in India are by default optimistic. They are strong believers in the long-term story of India, and rightly so, says Sandeep

Clipped from: https://www.financialexpress.com/money/income-tax/itr-filing-due-date-2022-last-date-to-file-income-tax-return-for-individuals-huf-firms-late-fee-explained/2584662/ Income Tax Return (ITR) filing due date 2022 is near. It is important for every taxpayer to file their ITR before the last

Clipped from: https://economictimes.indiatimes.com/wealth/tax/tax-dept-will-not-pay-you-income-tax-refund-of-this-amount/articleshow/92274882.cms Synopsis In case, there is an income tax refund due to you as per the income tax department’s calculations, it typically gets credited

Clipped from: https://www.thehindubusinessline.com/economy/agri-business/tds-on-free-trade-samples-nilgiri-bought-leaf-tea-manufacturers-seek-boards-clarity/article65599197.ece Move follows amendment to Sec 194(R) of I.T. Act from July 1 The Nilgiri Bought Leaf Tea Manufacturers Association has expressed its inability

Clipped from: https://www.business-standard.com/article/pf/form-and-fit-documents-you-must-keep-handy-to-file-income-tax-returns-122070101125_1.html The documents you collect for this purpose will prove handy if an assessing officer conducts inquiry The due date for income tax return

lipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-how-to-make-a-family-trust/article65560360.ece Income earned by the Trust in the nature of interest and dividend income would be taxable Myself and my wife are tax assessees.

lipped from: https://www.financialexpress.com/money/income-tax/taxpayers-face-issues-accessing-e-filing-portal-infosys-taking-measures-says-it-dept/2580625/ “It has been noticed that taxpayers are facing issues in accessing ITD e-filing portal. As informed by @Infosys, they have observed some irregular

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/gift-cards-reward-points-not-virtual-digital-assets-says-cbdt/articleshow/92582726.cms Synopsis This will ensure that these products do not face the tax applicable on VDAs such as cryptocurrencies and non-fungible tokens (NFTs), introduced

Clipped from: https://economictimes.indiatimes.com/wealth/tax/3-income-tax-changes-effective-from-july-1/articleshow/92563497.cms Synopsis The income tax laws that apply to various individuals will see a few new changes in July. Here are three significant changes

Clipped from: https://economictimes.indiatimes.com/wealth/save/tds-on-crypto-new-credit-card-rules-higher-pan-aadhaar-linking-fine-5-changes-coming-into-effect-from-july/articleshow/92535810.cms Synopsis There will be a number of big financial changes in the month of July. Here are five monetary adjustments that will take

Clipped from: https://www.financialexpress.com/money/income-tax/tds-rule-for-social-media-influencers-under-section-194r-2022-explained/2577751/ TDS rule for social media influencers 2022: The new section mandates a person providing any benefit or perquisite to another person for their

Clipped from: https://www.deccanherald.com/business/family-finance/how-to-file-taxes-for-minors-1113627.html When it comes to filing the tax, a minor can also file, if their earning amount is over Rs 1,500 monthly Representative image.

Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/tax-on-drinks-at-gala-nights-new-tds-rules-can-mess-up-your-tax-math/articleshow/92443385.cms Synopsis Section 194R – that comes into effect from July 1 – provides that if any ‘person’ (barring those excluded) provides any benefit