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2 mins read

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   


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5 mins read

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   


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3 mins read

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 …

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3 mins read

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   


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2 mins read

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   


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3 mins read

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   


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2 mins read

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   


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3 mins read

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…