ITR
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69How 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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73ITR 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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75CBDT 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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41If 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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67Govt 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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42ITR 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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103Number 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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64
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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57How 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...
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41How can taxpayers save tax after selling a residential house property?
Question: How can taxpayers save tax under the Income Tax Act after selling a residential house property? Answer given by CA (Dr.) Suresh Surana:...
