Mon, Jan 01, 2024
The total number of audit reports and other forms filed during the period is 1.60 crore, as against 1.43 crore audit reports and forms filed in the corresponding period of the preceding year, the Central Board of Direct Taxes (CBDT) said on Monday.
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Tue, Dec 26, 2023
ITR Filing Last Date 2023: This amount is reduced to Rs 1,000 for those taxpayers whose total income does not exceed Rs 5 lakhs.
Tue, Aug 29, 2023
As per the Income Tax Act 1961, pension is also considered as a source of income and thus becomes taxable as per the taxpayer’s respective tax slabs.
Mon, Jul 10, 2023
If one fails to file an ITR in time, they may invite monetary penalties of up to Rs 5,000 or imprisonment of up to 7 years against them.
Wed, Jul 05, 2023
Arrears and advances received by government employees as a part of salary are taxable as per the Income Tax Act, 1961. However, under Section 89 relief can be claimed if you fulfill certain conditions.
Tue, Jul 04, 2023
If you have investments in equity mutual funds, it's crucial to keep track of these gains to accurately calculate your tax liabilities. These gains can either be short-term or long-term, based on the duration of your investment, and they are taxed differently.
Fri, Jun 30, 2023
Check out the list of financial deadline in July 2023 from Aadhaar Card- PAN linking to higher pension under the Employees' Pension Scheme (EPS).
Wed, Jun 28, 2023
Taxpayers need to mandatorily disclose investments in all their foreign assets and stocks while filing their Income Tax Return. The deadline for filing ITR, for individual taxpayers who don’t need an audit, is July 31, 2023.
Mon, Jun 26, 2023
If the equity shares are sold after 12 months of purchase, then the seller can make a long-term capital gain (LTCG) or incur a long-term capital loss (LTCL).
Wed, May 31, 2023
According to the Income Tax Act of 1961, the taxability of gains arising on the sale of shares depends upon several factors, such as the period of holding and volume of transactions.
Thu, Apr 13, 2023
How to file ITR without Form 16: The 26AS form provides details of any amount deducted as TDS or TCS from various sources of income for a taxpayer. It reflects advance tax and self-assessment tax details and high-value transactions entered into by the taxpayer.
Fri, Mar 31, 2023
Here are 5 post office schemes that offer tax benefits as per 80C of the Income Tax Act.
Mon, Mar 27, 2023
ITR filing: The taxability of gifts often leaves taxpayers confused since there are various provisions related to the taxability of gifts received by any individual or by those in a Hindu Undivided Family (HUF)
Fri, Mar 24, 2023
Income Tax Department: Taxpayers can e-Verify ITR through the electronic verification code (EVC) option.
Thu, Mar 23, 2023
AIS for Taxpayer: This app is available on Google Play & App Store and is aimed to provide a comprehensive view of the AIS/TIS.
Tue, Mar 21, 2023
Income Tax Return:Taxpayers can check their Income Tax Return status by visiting the official website of the Income Tax Department of India.
Thu, Mar 16, 2023
Income Tax Return 2023: Last year, the Government extended ITR filing due dates for various reasons from July 31 to September 30. However, for this year, no extension date has been announced so far.
Wed, Mar 15, 2023
Income Tax Return filing: Income Tax is a tax levied on the income of every person by the Government of India. The provisions governing the Income-tax are covered in the Income-tax Act of 1961.
Wed, Mar 08, 2023
How to file ITR for a deceased: If a person whose income is above the threshold limit dies, then his/her legal heirs have to clear the tax dues. Here, we will tell you about the procedure, documents and steps to file ITR for a deceased person.
Sun, Feb 26, 2023
Income Tax Slabs For Senior Citizens, Income Tax Rates For Senior Citizens: Retired employees who fall between 60 and 80 years of age, have the basic exemption limit fixed at Rs 3 lakhs. In the case of super senior citizens (above 80 years), the exemption limit is set at Rs 5 Lakh.
Wed, Nov 16, 2022
In the last fiscal (2021-22), which ended on March 31, 2022, 7.14 crore tax returns were filed.
Wed, Aug 17, 2022
Wealth Guide - Income Tax Saving Tips: Under different sections of the Income Tax Act 1961, some tax rebates and exemptions are being provided by the Government of India.
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