Fri, Jan 03, 2025
Hero MotoCorp has been handed an additional tax demand of Rs 26.4 crore. In this video, we discuss the details of the tax demand and its potential impact on the company's financial situati
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Tue, Dec 17, 2024
How to save tax: With the right strategy and investment, anyone can save up to Rs 8 lakh in income tax. Here are 10 effective ways that will not only help you keep more of your income but also support your financial planning.
Thu, Dec 12, 2024
Food delivery aggregator Zomato on Thursday said the GST department in Thane has imposed a tax demand of Rs 803.4 crore, including interest and penalty. The demand order has been received in respect of non-payment of GST on delivery charges with interest and penalty thereon, Zomato said in a regulatory filing.
This year-on-year surge showcases not only the capacity of the system but also the proactive engagement of taxpayers in adhering to filing deadlines.
Mon, Nov 25, 2024
The central government told the lower house of Parliament on Monday that no proposal on income tax relief to senior citizens is under consideration.
Wed, Nov 13, 2024
There has been a significant increase in income tax compliance in the country with more than five-fold growth in the Rs 50 lakh-plus income category, according to sources.
Sun, Oct 27, 2024
Is it possible to earn crores while paying zero tax? Sikkim is the only state in India that imposes no tax on high income earners. Curious to know how? Let’s understand the concept of earning crores but paying zero tax in Sikkim.
Wed, Oct 02, 2024
From October 1, several key changes in income tax regulations and small savings schemes take effect, impacting debit and credit card usage. Stay informed about the latest updates.
Sun, Sep 29, 2024
Discover Sikkim, India's only tax-free state, where residents benefit from complete income tax exemption under Article 371(F). Explore the unique financial advantages, historical significance, and how Sikkim stands out in the country’s economic landscape
Following the Budget announcement, the Central Board of Direct Taxes (CBDT) had set up an internal committee for a comprehensive review of the six- decade old direct tax law and make it concise, lucid, easy to read and understand.
Wed, Sep 18, 2024
As of September 15, the government's advance tax collections stood at Rs 4.23 lakh crore and net direct tax collections at Rs 9.92 lakh crore, up 19 per cent and 15 per cent over a year ago, according to official data released on Wednesday.
Wed, Aug 21, 2024
Finance and Corporate Affairs Minister Nirmala Sitharaman is scheduled to preside over Income Tax Day celebrations at 4 pm in the Plenary Hall at New Delhi's Vigyan Bhawan on August 21, according to the Ministry of Finance. The day marks the 165th Income Tax Day, marking a significant milestone in the country's fiscal history.
Thu, Aug 08, 2024
This will further ease tax payments by consumers through UPI, noted RBI.
Wed, Aug 07, 2024
Indian middle class with salary income up to Rs 15 lakh will gain if opting for the new tax regime.
Fri, Aug 02, 2024
Income Tax Season: The Income Tax Department has released some interesting data on the 2024 income tax season, with record 69.9 lakh ITRs filed on July 31 - the last date to file the income tax return for AY25 without penalty.
Tue, Jul 30, 2024
Income Tax Season: If you've filed your Income Tax Return (ITR) and want to check its refund status, follow these steps:
Sat, Jul 27, 2024
Income Tax Return Last Date: July 31 is crucial as it is the last day to file your income tax return (ITR) for the financial year 2023-24, which ended on March 31. Failing to do so within the stipulated time not only results in non-compliance with tax laws but also attracts penalties.
Tue, Jul 23, 2024
New Income Tax Slabs News: What has really happened to the income tax slabs in the new income tax regime? A closer look at the income tax proposals in Finance Minister Nirmala Sitharaman's historic Budget on July 23, 2024, keeps the first tax slab of income up to Rs 3 lakh, and the highest slabs of incomes of Rs 12,00,001-Rs 15,00,000 and above Rs 15 lakh unchanged. So what has changed? The finance minister has raised the upper end of the Rs 3,00,001-6,00,000 slab by Rs 1 lakh, widened the Rs 6,00,001-9,00,000 slab by Rs 1 lakh each from both ends, and raised the lower end of the Rs 9,00,001-12,00,000 slab by Rs 1 lakh. Still confused? Read more to understand.
Mon, Jul 22, 2024
Tax slabs adjustment in Union Budget 2024: As the real rates have touched 55 per cent and are close notching 60 per cent levels, taxpayers look for the rationalisation of tax slabs considering the inflationary regime we are in.
Thu, Jul 18, 2024
ITR Filing FY 2023-24: The deadline to file the income tax return for financial year 2023-24 is around the corner and it is therefore crucial for taxpayers to know the income tax slabs for both the new and old income tax regime.
Budget On Zee; What does good budget mean? Investment will increase due to increase in section 80C limit. The country's growth will increase due to lower taxes. You will get relief in Income Tax in these 5 ways. Know from Anil Singhvi.
Wed, Jul 17, 2024
Some of the cases where standard deduction does not apply are during instances when the ITR is being filed for a period of less than one year, in case when a taxpayer has a dual status in a particular financial year etc.
It has requested the government to reconsider the short-term capital gains tax imposed last year on debt-oriented mutual funds with equity exposure of up to 35 per cent.
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