Echoing similar views, there are several others in the industry who feel that the government must give some tax relief…
In order to file a tax return online, you can access the new income tax portal logging in with PAN-based…
Under the Income Tax Act’s Section 10(26), members of scheduled tribes living in specific states get exemption from paying taxes.…
Effective tax preparation is critical for small business owners seeking to maximise revenues while minimizing liabilities.
G20 finance ministers will next month discuss a proposal to impose a wealth tax on the super-rich globally. The matter…
The new tax regime was made the ‘default tax regime’ with effect from the Financial Year 2023-24.
Under Section 139(1) of the Income-tax Act, 1961, those with income below the basic exemption limit are exempt from filing…
The finance ministry is considering raising the standard deduction limit under the new tax regime to attract taxpayers, according to…
There are 7 ITR forms the Income Tax Department has notified, and often, taxpayers get confused which ITR form is…
There are several provisions in the Income Tax Act, 1961, that allow individuals to save tax on expenses incurred by…
The Modi government is likely to consider reclassifying futures and options transactions from ‘business income’ to ‘speculative income’ and this…
While the introduction of GST has generally resulted in reduced effective tax rates on most of the daily use products,…
Tax loss harvesting is one of the most popular ways deployed by investors and traders in the stock markets to…
As a taxpayer, you must ensure that all guidelines and rules to ensure compliance with tax laws are followed while…
The last date to file Income Tax Return is July 31, and but taxpayers should not wait until the last…
One must file an ITR if he or she has paid electricity bills of more than Rs 1 lakh in…
Taxpayers required to file their income tax return should take into consideration the following.
It is expected that hiking the tax exemption limit will leave more disposable income in the hands of people, especially…