You Searched For "new income tax rules" and got 20 results
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1 min read
About 6 cr ITRs filed for FY24; 70% under new tax regime
Addressing the post-budget session of PHD Chamber of Commerce and Industry, Malhotra said there wer…
PTI
1 min read
First draft of new and simplified Income Tax law to be prepared by internal tax dept committee: Revenue Secretary
The exercise is not linked to bringing a new direct taxes code, but a comprehensive review of the i…
PTI
2 mins read
Continue 45-day MSME payment rule: Industry body to Finance Minister Nirmala Sitharaman
According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a la…
PTI
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
2 mins read
CBDT forms committee for IT Act review; 'sunset' clauses to be eliminated
Central Board of Direct Taxes (CBDT) chairman Agrawal said the committee is looking at the best glo…
PTI
6 mins read
Budget 2024-25: New tax regime sweetened by FM, hikes standard deduction to Rs 75,000
More than two-thirds of taxpayers have availed of the new Income Tax regime, as per Nirmala Sithar…
3 mins read
Confused about the new tax regime? Here's when you should opt for it
The new regime was introduced in budget 2020 to simplify taxation, and offer lower rates of taxes c…
1 min read
Govt may relax 45-day payment rule for MSMEs in Budget 2024
According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a la…
PTI
4 mins read
All you need to know about the new tax regime
The new tax regime was introduced in Budget 2020 as a means to simplify tax calculations and offer …
2 mins read
ITR Filing: Today is the last day to file your income tax returns, so file today to avoid penalties
You will have to pay a penalty of Rs. 1,000 if your total annual taxable income is below Rs 5,00,0…
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
1 min read
Two police personnel posing as Income Tax officers held for bid to extort Delhi businessman
Two police personnel, allegedly impersonating income tax officials, were arrested by the Delhi Poli…
ANI
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
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…
3 mins read
Economic Survey 2023-24: Where does India stand on the employment, and what's next?
While the agriculture sector has grown at about 4.18% at constant prices over the last 5 years, Ind…
2 mins read
Filing your ITR at the last minute? Don't make these mistakes
As per official data, about 6 crore ITRs have already been filed so far, and around 70% of them hav…
3 mins read
Wondering which ITR form is right for you? Know all about it here
It's time to file your ITRs! While the deadline is 31st July, it's best to not put off filing your …
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…
2 mins read
Important dates to remember while filing your ITR this time!
13 days from now, i.e., 31st July 2024 is the last date for salaried individuals, non-resident Indi…
3 mins read
Modi 3.0 1st Budget: Tax relief for middle class, Rs 2 lakh cr job scheme
With rural distress and unemployment being blamed for BJP losing its majority, Sitharaman in her se…