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5 mins read
This tactic to avoid income taxes without moving to Florida could surge thanks to a 'silver tsunami'
Rich business owners looking to cash out can save big on income taxes by setting up trusts in tax-h…
Hayley Cuccinello
5 mins read
From ALICEs to HENRYs, here's what people across the tax brackets discuss in therapy
Therapists shared what their clients talk about with Business Insider. While ALICEs struggle with t…
Serafina Kenny
2 mins read
New Vivad Se Vishwas 2.0 tax resolution scheme to start on Oct 1 — what you need to know
The government has set October 1, 2024, as the launch date for Vivad Se Vishwas 2.0 to address dire…
2 mins read
India's strong economic recovery is led by fiscal expenditure: DSP MF
India's tax collections have also demonstrated robust growth, with gross tax revenue showing a five…
ANI
1 min read
Tax havens: Countries with zero income tax
Tax havens: Countries with zero income tax
2 mins read
October is the most popular time to use this tax-savings strategy to offset thousands of dollars in income: Morgan Stanley
October appears to be when investors most frequently employ the tax-savings method as the end of th…
William Edwards
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
1 min read
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
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
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…
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…
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
Majority of taxpayers to have substantial tax savings due to reduction of long term capital gains on real estate: IT Dept
The Budget has reduced tax rates on capital gains earned from sale of house properties held for lon…
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
3 mins read
Five things to remember as you file your ITRs at the last minute
ITR-1 form is designed for resident individuals who have income from salary, one house property, an…
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
Two police personnel posing as Income Tax officers held for bid to extort Delhi businessman
Two police personnel, allegedly impersonating income tax officials, were arrested by the Delhi Poli…
ANI
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 …
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 …
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…