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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…
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…
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…
Budget 2024: How will long-term capital tax change your real-estate investments post-budget?
There has been a marginal increase in the basic tax exemption limit for LTCG. Previously, LTCG of u…
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 …
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 …
Lok Sabha passes Finance Bill, provision on LTCG tax on property transactions amended
The Finance Bill 2024 was passed by Lok Sabha on Wednesday evening with a few amendments moved by t…
ANI
Govt. offers relief on long-term capital gains for real estate, allows investors to choose between old and new LTCG regime
Indexation allowed investors to factor in the impact of inflation on their investment over the year…
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.…
Bill Gates says the rich would be a lot poorer if he set taxes — but banning billionaires isn't on his agenda
Bill Gates said the wealthy would be worth a third as much if he designed the tax system, but unlik…
Theron Mohamed
Filing your ITR at the last minute? Don't make these mistakes
As per official data, about 6 crore ITRs have already been filed so far, and around 70% of them hav…
Removal of indexation benefit will lead to huge inflow of black money in real estate: Raghav Chadha
Asking the government to roll back the proposal, Chadha, while taking part in the discussion on the…
PTI
Decoding capital gains taxes: What FM Nirmala took from your pocket, what she gave you in Budget 2024
All listed securities will be considered long-term capital assets (and hence, LTCG will be levied) …
Modi 3.0 1st Budget: Tax relief for middle class, Rs 2 lakh cr job scheme
With rural distress and unemployment being blamed for BJP losing its majority, Sitharaman in her se…
PTI
HDFC Life Q1 results: Profit after tax surges to Rs 478 crore, AUM crosses Rs 3 lakh crore
HDFC Life's Q1FY25 results saw 31% YoY growth in individual APE, total assets at Rs 3,10,244 crore,…
How to compare your tax liability in old and new tax regimes
Finance Minister Nirmala Sitharaman, during the 2023-24 Budget, announced that the new tax regime h…
Claiming tax exemption showing rent paid to relatives? Five things to keep in mind
If you are employed, and receive a house rent allowance (HRA) as part of your salary, you have the …
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
Income tax bonanza, capex push emerge as the stars of Budget 2023-24
An upward revision in income tax slabs and a continued push on capital expenditure investments emer…
Tax saving countdown – With 2 months to go, options to consider under 80C
Now that we have stepped into the new year, there are just three months left before the current fin…