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2 mins read
51 lakh, or 7.5% more Indians filed income tax returns this year; 72% of taxpayers opted new regime, notes FinMin data
The total number of ITRs for AY2024-25 filed till July 31, 2024, is more than 7.28 crore.
ANI
3 mins read
Five things to remember as you file your ITRs at the last minute
ITR-1 form is designed for resident individuals who have income from salary, one house property, an…
1 min read
Provisions of TDS/TCS, in case of death of deductee or collectee relaxed by govt
On April 23, 2024, CBDT extended the date for linking of PAN and Aadhaar May for the taxpayers (for…
ANI
3 mins read
ITR filing: Documents you need to file your income tax return
If you've paid premiums for a life or health insurance policy during the year, or invested in ELSS …
1 min read
Link PAN with Aadhaar by May 31 to avoid double TDS deduction: Income Tax Department
The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid ta…
PTI
2 mins read
Did you know about the only Indian state exempt from paying any income tax? Know all about it here
Sikkim has its income tax manual, which stipulates that no resident of Sikkim was to pay taxes to…
3 mins read
Income Tax department issues warning to taxpayers, asks them to stay safe from ITR Refund scams
There has been an increase in scams targeting Indian taxpayers after the Income Tax Return filing d…
4 mins read
GST Council tweaks tax rates; Waives interest, penalty on tax dues for first 3 years of rollout
The GST Council on Saturday decided to tweak tax rates on items, including accommodation services f…
PTI
4 mins read
All you need to know about linking Aadhaar to PAN
You can go to the Income Tax India website and link your PAN with Aadhaar by paying a late fee of ₹…
3 mins read
Multibagger electrical goods stock crashes on alleged tax evasion shock
The stock of Polycab India fell sharply by 15% on Thursday morning trade, after news of tax evasion…
2 mins read
Only 2 days left to link PAN with Aadhaar – Missing the deadline will lead to PAN deactivation and more
The Finance Ministry had extended the deadline to link one’s Permanent Account Number (PAN) with Aa…
6 mins read
Are you moonlighting? Here is what to know when filing your taxes
Moonlighting is the act of engaging in a secondary job or additional work alongside one's primary e…
3 mins read
Tax implications on income of a minor – What every parent should know
Income earned by a minor child from activities involving their skills, talent, or specialised knowl…
4 mins read
India’s Income Tax Burden: Mere 0.3% of adult population account for 76% of total personal IT receipts
Data shows that currently India has 66.5 million individuals who pay personal income tax, which is …
6 mins read
Budget A-Z, for the GenZ: A fun and handy guide for major terms around upcoming Union Budget
From fiscal deficit to GDP, understand key terms to navigate the financial landscape and make the m…
6 mins read
Are you an NRI having income in India? Here’s how you will be taxed
You are a non resident Indian (NRI) if you live abroad. More specifically, you are classified as "n…
5 mins read
How to file income tax return online for salaried employees 2022-2023
If you are new to filing income tax returns online, you must know that it is a very easy process. V…
2 mins read
Revamped income tax portal: Five new features we like the most
The new and revamped income tax portal is here and a visit shows a completely new look design which…
3 mins read
The new deadlines for tax saving investments, income tax returns, and linking PAN with Aadhaar
Amid the uncertainty around the COVID crisis, the government has yet again deferred the deadlines f…
2 mins read
Deadline to link Aadhaar and PAN extended to 30 June, 2023
The deadline to link PAN and Aadhaar has been extended to 30 June 2023 from the earlier deadline of…