You Searched For "section 44AB of the Income Tax Act" and got 20 results
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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
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…
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
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…
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
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
1 min read
After outrage, Govt clarifies: tax clearance certificate only for people with tax dues, high-value defaulters
As per section 230 of the Income-tax Act, 1961, every person is not required to obtain a tax cleara…
PTI
4 mins read
Home loan tax deductions: Self-occupied vs rented, the differences
Buying a home is undoubtedly one of the biggest financial commitments in one’s life. And since it i…
3 mins read
Last-minute rush: 5 things to do before March 31
March 31 is the end of the financial year and is often a busy time for accountants and bankers. Eve…
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…
ANI
4 mins read
Philadelphia is experimenting with guaranteed income pilots for pregnant people and housing insecure families
Philly Joy Bank and PHLHousing+ are guaranteed basic income pilots in Philadelphia offering familie…
Allie Kelly
2 mins read
Road accident victims to get free cashless treatment: Nitin Gadkari
Union Minister for Road Transport and Highways, Nitin Gadkari, said that the govt has implemented a…
ANI
3 mins read
Removal of indexation benefit will lead to huge inflow of black money in real estate: Raghav Chadha
Asking the government to roll back the proposal, Chadha, while taking part in the discussion on the…
PTI
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
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…
5 mins read
Presumptive taxation: The scheme that eases burden on small businesses
Running a small business or a professional service can often involve a single person or a few peopl…
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…
1 min read
Enforcement Directorate files case against BBC for irregularities in foreign funds
The Enforcement Directorate has filed a case against BBC India under Foreign Exchange Management Ac…
ANI
3 mins read
A California city is giving new parents $500 a month. It's one of a growing number of basic income pilots focused on families.
Starting this summer, Pomona, California will give 250 families with children with children under t…
Allie Kelly
3 mins read
Decoding Section 80D: The healthcare-related tax deductions available to you
When we think of financial planning, we think of investments, tax planning, retirement planning, an…