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Majority of taxpayers to have substantial tax savings due to reduction of long term capital gains on real estate: IT Dept
The Budget has reduced tax rates on capital gains earned from sale of house properties held for lon…
PTI
Lok Sabha passes Finance Bill, provision on LTCG tax on property transactions amended
The Finance Bill 2024 was passed by Lok Sabha on Wednesday evening with a few amendments moved by t…
ANI
Budget 2024: Increase standard deduction, exemptions and more, an aam aadmi's wishlist
Note that unless you specifically opt for the old regime, the new tax regime is considered as your …
Allow indexation benefits for savings such as stocks, fixed deposits: Cong to govt
The Budget 2024-25 had proposed to lower the LTCG from 20% to 12.5% but removed the indexation bene…
PTI
IT department declares 363 as cost inflation index for current fiscal
The Cost Inflation Index (CII) for fiscal year 2024-25 is 363, used by taxpayers to calculate long-…
PTI
FinMin to wait for one more year to take call on LTCG tax: Sitharaman
Meanwhile, on concerns regarding an ambitious divestment target of Rs 2.10 lakh crore, Economic Af…
PTI
Credit card payments on foreign tours to be brought under LRS to ensure compliance with TCS
Credit card payments for foreign travel will be brought under the purview of the Liberalised Remitt…
PTI
Keep these changes in mind while filing your ITR to prevent errors
Section 24B allows you, as an individual, to make certain deductions from the net annua…