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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…
3 mins read
Govt. offers relief on long-term capital gains for real estate, allows investors to choose between old and new LTCG regime
Indexation allowed investors to factor in the impact of inflation on their investment over the year…
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
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
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 …
3 mins read
Why you should start your tax-saving investments now and not wait any further
If you have opted for the old tax regime, you have several tax-saving options to choose from. If yo…
2 mins read
Opted for the new tax regime? Here are the allowances and deductions you can still avail
Budget 2020 introduced the new tax regime for FY 2020-21 in addition to the old tax regime. FY 2020…
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
Taxability of employee benefits may decide which tax regime makes more sense for you
When deciding between the old and the new tax regimes, most of us will consider the most common ded…
4 mins read
Looking to file taxes on your own? Here is what you need to keep in mind
It is that time of the year again – when we have to file our taxes. While we can take the services …
2 mins read
How to compare your tax liability in old and new tax regimes
Finance Minister Nirmala Sitharaman, during the 2023-24 Budget, announced that the new tax regime h…
3 mins read
Have a home loan? You may want to opt for the old tax regime
Home loan holders may be able to save more money on taxes under the old tax regime by claiming maxi…
2 mins read
Realty stocks in limelight; Godrej Properties surges over 4%
The indexation benefit allowed taxpayers to compute gains arising out of the sale of capital assets…
PTI
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 5,00,00…
2 mins read
Comprehensive review of the IT Act imminent in 6 months, notes revenue secretary
Malhotra explained the government's rationale behind this proviso, noting that buyback does not f…
5 mins read
Budget 2024: How will long-term capital tax change your real-estate investments post-budget?
There has been a marginal increase in the basic tax exemption limit for LTCG. Previously, LTCG of u…
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
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 …
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…