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1 min read

Hero MotoCorp gets over Rs 17 crore tax notice from Delhi GST authorities

​​The company has received an order for disallowance of input tax credit for FY 2019-20 from the Of…

PTI   


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2 mins read

54th GST Council meeting to take place on September 9 in New Delhi

The 54th GST Council meeting took place on September 9, 2024, in New Delhi to address rate rational…

ANI   


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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   


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2 mins read

The IRS has failed to police the huge tax breaks offered by Puerto Rico, whistleblower claims

According to The New York Times, an IRS insider wrote that less than 1% of those using a Puerto Ric…

Filip De Mott   


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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…

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2 mins read

New business owners could get a $50,000 tax deduction under Kamala Harris's plan

Kamala Harris's next big economic proposal hinges on making it easier for you to start a small busi…

Juliana Kaplan   


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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…

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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…

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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…

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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 …

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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…

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3 mins read

Decoding Form 16: How do you file your taxes if you don't get Form 16?

While you can still download Form-16, there's another, manual way to figure out your tax liability.…

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3 mins read

Budget 2024: Increase standard deduction, exemptions and more, an aam aadmi's wishlist

Note that unless you specifically opt for the old regime, the new tax regime is considered as your …

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4 mins read

Budget 2024: Three things the insurance sector want from FM Sitharaman this budget.

At present, individuals aged below 60 can claim an annual deduction of up to Rs 25,000 towards hea…

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3 mins read

Time to push divestment of state-owned banks, says SBI report

With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…

PTI   


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2 mins read

Rebecca Rommen   


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2 mins read

IT department declares 363 as cost inflation index for current fiscal

The Cost Inflation Index (CII) for fiscal year 2024-25 is 363, used by taxpayers to calculate long-…

PTI   


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5 mins read

I'm a tax lawyer who helps wealthy people move to lower their taxes — and prepare for residency audits

Wealthy people have been moving out of high-tax states like New York for cheaper locations like Flo…

Jordan Pandy   


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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…

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2 mins read

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, …