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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
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
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
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
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…
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
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…
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…
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…
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 …
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…
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.…
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 …
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…
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
US intelligence official says Russian state media is pushing US voters toward Trump using Western influencers amid Putin's claims Russia is backing Harris
Russian President Vladimir Putin said earlier this week that he was backing Vice President Kamala H…
Rebecca Rommen
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
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
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…
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, …