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1 min read
Shah Rukh Khan tops the list: Check out the top 10 highest tax-paying celebrities
Shah Rukh Khan tops the list: Check out the top 10 highest tax-paying celebrities
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
Finance Ministry should identify high risk taxpayers in GST composition scheme: CAG
The Comptroller and Auditor General (CAG) has asked the Finance Ministry to identify high risk taxp…
PTI
2 mins read
Shah Rukh Khan, Thalapathy Vijay, Salman Khan in list of highest celebrity taxpayers: Fortune India
Fortune India's 'The Star Cast' list is based on advance tax payments by celebrities and places fil…
PTI
1 min read
New York City taxpayers aren't footing the bill for Eric Adams' criminal corruption case
Defense lawyer Alex Spiro, who is representing the New York City mayor, charges over $2,000 per hou…
Jacob Shamsian
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
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…
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…
2 mins read
RAI's Budget wishlist: Lower taxes for individuals, benefits on land rates, electricity
Retailing in India accounts for about 10% of the country's GDP. In its memorandum, the retail assoc…
PTI
2 mins read
Revamped income tax portal: Five new features we like the most
The new and revamped income tax portal is here and a visit shows a completely new look design which…
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
2 mins read
One in four taxpaying citizen yet to file IT returns with 3 days to deadline
Revenue Secretary Sanjay Malhotra said last week that the possibility of extending the deadline for…
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
3 mins read
5 popular deductions you can claim under Section 80C in 2023-24
Among all the different sections that provide deductions under the old tax regime, 80C is the most …
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
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…
2 mins read
Opted for the new tax regime? Here are the allowances and deductions you can still avail
Budget 2020 introduced the new tax regime for FY 2020-21 in addition to the old tax regime. FY 2020…
2 mins read
Received a tax mismatch notice from the IT department? Here is how to set it right
An income tax mismatch notice can happen due to several reasons. In an increasingly digital world, …
5 mins read
Presumptive taxation: The scheme that eases burden on small businesses
Running a small business or a professional service can often involve a single person or a few peopl…
4 mins read
The questionable way lawmakers get taxpayers to fund borderline-political ads
Rep. Shri Thanedar has spent at least $45,460 in taxpayer dollars on billboards in the Detroit area…