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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…

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4 mins read

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 …

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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 …

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3 mins read

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.…

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3 mins read

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 …

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2 mins read

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   


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3 mins read

Last-minute rush: 5 things to do before March 31

March 31 is the end of the financial year and is often a busy time for accountants and bankers. Eve…

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3 mins read

Should you invest in ELSS funds?

Equity Linked Savings Scheme (ELSS) is a tax-efficient investment option under Section 80 C, allowi…

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2 mins read

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…

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1 min read

4 tax strategies for investors, regardless of who wins the presidency, according to UBS

Investors should diversify their tax statements, defer capital gains for as long as they can, ramp …

Aruni Soni   


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4 mins read

Warren Buffett said he could make a 50% return on $1 million and predicted higher taxes. Here are 14 Q&A nuggets.

Warren Buffett teased a potential Canada bet, predicted Berkshire would surpass $200 billion in cas…

Theron Mohamed   


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2 mins read

5 ways to lower your portfolio's tax bill as government debt bites, BofA says

The end-game to America's $34 trillion pile of debt is either higher taxes or higher inflation. Her…

Matthew Fox   


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8 mins read

Exclusive: Hunter Biden's tax returns

Hunter Biden's 2018 tax return, published here by Business Insider, complicates the narrative laid …

Mattathias Schwartz   


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4 mins read

India’s Income Tax Burden: Mere 0.3% of adult population account for 76% of total personal IT receipts

Data shows that currently India has 66.5 million individuals who pay personal income tax, which is …

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3 mins read

Trump is fighting back after a court monitor's report suggested he evaded taxes

An update from Donald Trump's court monitor in his New York fraud trial suggests he may have lied a…

Hannah Getahun,Katherine Tangalakis-Lippert   


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3 mins read

Tax implications on income of a minor – What every parent should know

Income earned by a minor child from activities involving their skills, talent, or specialised knowl…

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India should use calibrated retaliation mechanism to deal with EU's carbon tax, says report

India should positively consider imposing retaliatory customs duties in a calibrated manner on cert…

PTI   


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1 min read

Oil India's Q2 net profit drops 81% on tax provisioning

State-owned Oil India Ltd's second quarter net profit dropped 81 per cent on a one-time provisioni…

PTI   


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6 mins read

Are you an NRI having income in India? Here’s how you will be taxed

You are a non resident Indian (NRI) if you live abroad. More specifically, you are classified as "n…

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3 mins read

Have foreign assets or income? Not disclosing it may lead to heavy penalties

Recently, the IT Appellate Tribunal of Mumbai imposed a penalty of ₹10 lakh per year on taxpayers w…