ITR
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101Income Tax Department Rules change: Crores of taxpayers to get major relief, salaried employees can claim…
In its notification, the Finance Ministry has said that subsection 2B of section 192 of the IT Act 1961 has been amended...
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38How can individuals minimise the tax burden associated with intergenerational wealth transfer?
While India does not currently have an estate tax or inheritance tax, there are other taxes that may come into play, such...
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49ITR filing: Return filing deadline for corporates extended till November 15; check details
In a message on social media platform X, CBDT said the due date for assessees of Section 139 has been extended from...
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35CBDT Extends Due Date For Corporates Furnishing ITR For AY 2024-25
In a significant development for taxpayers, the Central Board of Direct Taxes (CBDT) has announced an extension for the due date of...
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27If total tax liability above Rs 10k, pay tax on STCG in advance
If you and your wife own the flat equally, the rental income will be split in the same proportion. If the ownership...
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31Govt extends ITR filing deadline for corporates by 15 days till November 15
The Central Board of Direct Taxes (CBDT) on Saturday extended the deadline for corporates to file income tax returns for the Assessment...
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29ITR filing: No. of crorepati taxpayers surged 5X in AY24, SBI research report
ITR filing: The number of individuals declaring over Rs 1 crore as taxable income surged fivefold from assessment year (AY) 2013-14 to...
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60Number of income tax payers with over ₹1 crore of taxable income rises five times in ten years
The number of taxpayers with more than ₹1 crore of taxable income rose by more than five times to just under 2.3 lakh...
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28
Do You Need to Pay Tax on Diwali Gifts? Know the Rules
Diwali, the festival of lights, is a time of joy, celebration, and exchange of gifts. Whether it’s cash, jewelry, or other valuable...
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41How Spouse Loans And Gifts Can Reduce Tax Burden Under Old Regime
Taxpayers under the old tax regime are keenly focused on saving taxes. What many don’t realize is that including their spouse and...
