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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
Have foreign assets or income? Not disclosing it may lead to heavy penalties
Recently, the IT Appellate Tribunal of Mumbai imposed a penalty of ₹10 lakh per year on taxpayers w…
Why is the internet mad at an elite Indian Olympian for using the AC?
Racewalker Priyanka Goswami has faced backlash after sharing a video with an air conditioner amid a…
Seven years of GST has lowered taxes and improved lives of 140 crore Indians: PM
The PM also highlighted that after the implementation of GST, the savings of the poor and the commo…
ANI
Unemployment among Indian youth is high, but it is transient: RBI MPC member
Ashima Goyal addressed the transient nature of youth unemployment in India, highlighting a shift to…
PTI
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…
Incomes are either rising too slowly or falling at the lower end of the bracket
India’s gross domestic product (GDP) has been growing at a much faster clip than expected — most go…
41% income taxpayers yet to file IT return, 10% facing tech glitches
As the deadline to file Income tax returns inches closer, 41 per cent of Indians who qualify to fil…
With COVID expenses rising, taxpayers need more than an insurance rebate, says a wealth manager
The ongoing COVID-19 crisis has made healthcare more expensive and unaffordable for the Indian midd…
GST collections drop to ₹87,422 cr in July
GST collections in July fell to Rs 87,422 crore from Rs 90,917 crore in June, according to a Fina…
PTI
After a botched sale, the Indian government might just bail Air India out again
In June, the Indian government decided against privatising Air india after the planned sale of a 76…
Payment of 1% GST in cash only for 45,000 taxpayers: DoR sources
The government's decision on mandatory payment of at least 1 per cent of GST tax liability in cash …
Non-taxpaying NRIs to be taxed in India: FM
New Delhi, Feb 1 () Non-resident Indians not paying taxes in any foreign country will now be taxed …
PTI
Relief for taxpayers: Deadline to file income tax returns extended further to January 10
The extension of the deadline is specifically for those individuals whose accounts do not requir…
Extend H-1B visa grace period 12 months: Indo-American organisations launch online petition
Technology companies depend on it to hire tens of thousands of employees each year from countr…
PTI
Stock market investors expect balanced budget, focus on job creation, infra spending
Stock market investors are expecting a balanced Budget with a focus on job creation, increased spen…
PTI
30-40% of laid off techies in the US are Indians, most on H-1B and L1 visas
According to The Washington Post, nearly 200,000 IT workers have been laid off since November last …
PTI
Indians resort to loans from lending apps for emergencies and medical expenses
Nearly nine in 10 customers in India use fintech lending apps to take loans for emergencies, medica…
Govt taking steps to simplify taxation; curb harassment of honest taxpayers: FM
New Delhi, Jan 7 () Finance Minister Nirmala Sitharaman on Tuesday said the government is taking va…
PTI
India’s new tax tracker will be stalking your vacation photos
Innocently labeled ‘Project Insight’, India’s new ₹1000 crore tax tracker can glean over user’s …