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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
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
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
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…
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…
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 …
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…
PTI
Received a tax mismatch notice from the IT department? Here is how to set it right
An income tax mismatch notice can happen due to several reasons. In an increasingly digital world, …
Budget 2024: Tax alterations affecting stock markets — capital gains tax, STT on F&O, and more
Finance Minister Sitharaman’s 2024 Finance Bill revises capital gains tax: 20% STCG for some assets…
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…
Govt to abolish angel tax on investments in startups
The removal of the angel tax is expected to be a boost for startups as it will help in promot…
PTI
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
Budget size almost unchanged from interim, shows govt's commitment to fiscal prudence: Experts
According to the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman, the total e…
PTI
Union Budget 2024-25 key highlights: Angel tax to be scraped
You can watch the presentation live on the official Youtube channels of the government. After her s…
RAI's Budget wishlist: Lower taxes for individuals, benefits on land rates, electricity
Retailing in India accounts for about 10% of the country's GDP. In its memorandum, the retail assoc…
PTI
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 …
Decoding ITR forms: Which one should you use to file your taxes?
Tax filing season is here. On the income tax website there are various income tax forms available t…
Are you moonlighting? Here is what to know when filing your taxes
Moonlighting is the act of engaging in a secondary job or additional work alongside one's primary e…
Two tax regimes & rise of freelancers drive people to tax experts, chartered accountants
The option of the new and old tax regimes and complex taxation laws require the assistance of exper…
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…