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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   


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3 mins read

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…

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4 mins read

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…

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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   


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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   


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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…

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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…

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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…

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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…

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1 min read

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   


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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…

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3 mins read

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 …

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3 mins read

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   


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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…

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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   


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4 mins read

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   


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4 mins read

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   


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1 min read

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…

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1 min read

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   


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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 …