All posts tagged "Income tax"
-
99ITRIncome Tax Act Review To Wrap Up In 6 Months, Says CBDT Chairman
The task of reviewing the Income Tax Act of 1961 will be completed in the given timeframe, CBDT Chairman Ravi Agrawal said...
-
224ITRIncome Tax Slabs Post Budget 2024: New Tax Regime Vs Old Tax Regime, Which One Is Beneficial for You?
With the announcement of the full Union Budget 2024-25, taxpayers in India are once again faced with the decision of choosing between...
-
207ITRIncome Tax Clearance Certificate Mandatory For All Indians? CBDT Clarifies New Rule
The total number of ITRs filed for the Assessment Year (AY) 2024-25 exceeded 7.28 crore, marking a 7.5% increase compared to the...
-
166FINANCETax rules: Claiming vacant house as self-occupied in income tax return
As per income tax laws, each taxpayer can claim two houses as self-occupied. Your wife can claim her vacant house as self-occupied...
-
75MUST KNOWHospital bills, weddings, medical college fees & high-end shopping on income tax dept’s watchlist
The taxman is stepping up surveillance on hospital, hotel, and high-end shopping bills as the Central Board of Direct Taxes (CBDT) intensifies...
-
68ITR
Income tax benefits for resident vs non-resident taxpayers explained
Residents in India enjoy varying tax benefits based on age and regime, while non-residents have uniform limits. Rebates and deductions differ for...
-
120ITR
What should you do when you get an income tax notice after ITR filing?
ITR filing deadline ended on July 31, with around 7.28 crore income tax returns (ITRs) being filed. Of these crores of tax...
-
107ITRIncome tax: Can you claim capital gains tax exemption by paying off the home loan with sale proceeds?
Suppose the proceeds from the sale are deposited into the home loan account of a new property that has already been purchased...
-
124FINANCEHow Budget 2024 proposals will ease the cashflow for salaried taxpayers
One of the highlights of this year’s Budget is the proposed modification of the tax slabs under the new regime, which has...
-
416ITRITR Filing 2024: How to check income tax refund status online using PAN card? A step-by-step guide
It is necessary to have a working login, a PAN connected to your Aadhaar, and the acknowledgement number to access and monitor...
