Income Tax
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How first-time home buyers can save tax on buying a property | Check here
Personal Finance | Oct 18, 2023, 09:59 AM ISTThе govеrnmеnt has introduced sеvеral mеasurеs to еncouragе homе ownеrship, making it morе affordablе for first-timе buyеrs.
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Karnataka: Former CM Basavaraj Bommai demands CBI, ED probe in illegal money recovery case
Karnataka | Oct 14, 2023, 07:53 PM ISTKarnataka news: Former Karnataka CM said that the Contractors Association made baseless allegations against the previous govt and now the same association is working as the govt's commission collection center. He said that the contractors and the govt were jointly looting the state.
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ED, Income Tax personnel moving around more than dogs and cats: Chhattisgarh CM Bhupesh Baghel
chhattisgarh | Oct 04, 2023, 10:09 PM ISTChhattisgarh news: CM Baghel said that if govt at Centre or National Mineral Development Corporation is unable to operate the Nagarnar Plant, then the plant should be handed over to the state govt for operation.
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Income Tax Recruitment 2023 against sports quota, apply online from today at incometaxgujarat.gov.in
Jobs | Oct 01, 2023, 02:13 PM ISTThe online application process for recruitment in the income tax department is currently open for those who wish to apply through the sports quota. This is an opportunity to become an Income Tax Inspector, Tax Assistant, or Multi-Tasking Staff. Applications are being accepted starting from today.
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IT department notifies 'Angel Tax' rules for valuing equities in start-ups: Know all about it
Business | Sep 26, 2023, 01:45 PM ISTThe amended rules also retained the five new valuation methods proposed in the draft rules for consideration received from the non-residents.
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Azam Khan News: Income tax raid on Samajwadi Party leader Azam Khan in UP
News | Sep 13, 2023, 01:10 PM ISTAzam Khan News: Income tax raid on Samajwadi Party leader Azam Khan in UP
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Income tax department's website gets a fresh look: Check what's new
Technology | Aug 27, 2023, 06:32 PM ISTThe newly designed website has undergone an aesthetic makeover with a mobile-responsive layout. It introduces a 'Mega Menu' for content, accompanied by fresh features and enhanced functionalities.
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Income Tax New scheme, File ITR Now, Pay Tax Later
News | Aug 23, 2023, 06:46 PM ISTIncome Tax New scheme, File ITR Now, Pay Tax Later
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Is your life insurance premium above Rs 5 lakh? Check new tax rules
Income Tax | Aug 17, 2023, 03:09 PM ISTAs per the change, for policies issued on or after April 1, 2023, the tax exemption on maturity benefits under Section 10(10D) might be relevant in the event that the total premium paid by an individual depends on Rs 5 lakh a year.
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Direct tax collections rise almost 16 per cent to Rs 6.53 lakh crore so far in current fiscal: CBDT
Business | Aug 11, 2023, 05:42 PM ISTThe collection is 32.03 per cent of the total budget estimates of direct taxes for the current fiscal 2023-24.
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Old income tax regime with higher deductions remains more attractive for taxpayers than the new one
Income Tax | Aug 08, 2023, 05:58 PM IST85 percent people opted for the Old Regime while 15 percent were in favour of the new one.
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Income Tax Department claims record 6.77 crore ITRs filed till July 31 for Assessment Year 2023-24
Business | Aug 01, 2023, 10:07 PM ISTThe filing of ITRs peaked on July 31, 2023, with over 64.33 lakh ITRs being filed on a single day.
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Over 6 crore Income Tax Returns filed for 2022-23 fiscal: Government data
Business | Jul 30, 2023, 08:53 PM ISTIncome Tax Return: The number of ITRs filed has exceeded the number of returns filed last year till July 31, according to government data.
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July 31 is last day to file Income Tax Returns: Here's the easy ITR filing process
Technology | Jul 30, 2023, 05:28 PM ISTFiling the Income Tax Return (ITR) on time is crucial to avoid penalties under Section 234F of the Income Tax Act, 1961. If someone forgets to file the ITR, they may attract a penalty of Rs 5,000 when filing a belated ITR.
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Do minors have to file separate Income Tax Returns? Check details here
Business | Jul 28, 2023, 03:05 PM ISTA minor can have two sorts of income: earned and unearned; in both circumstances, ITR should be recorded, observing specific guidelines applicable to earning minors.
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Rule changes, deadlines, price of commodities to watch out for from August 1. Check details
Business | Jul 27, 2023, 10:22 PM ISTFrom August 1, 2023, various changes linked to GST, payments system, bank transactions will come into effect that will directly impact the common man.
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What are the penalties under Income Tax Act? Check details
Income Tax | Jul 26, 2023, 02:13 PM ISTA penalty of Rs 5,000 if the refund is completed after the due date specified in section 139(1). However, if the total amount received does not exceed 5 lakhs, the penalty will be Rs 1,000.
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Here's how to use PhonePe for Income Tax payment
Technology | Jul 25, 2023, 07:34 AM ISTOnce the payment is made, taxpayers will be able to access the generated Challan Identification Number (CIN) and other related information through the Challan Receipt. The payment status will also be updated as "PAID" under the "Payment History" tab.
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ITR filing: Check these advantages that you can get from filing income tax returns before deadline
Income Tax | Jul 21, 2023, 01:02 PM ISTThe majority of people frequently view the process of filing income tax returns as time-consuming and cumbersome. That is the motivation behind why many choose to skip documenting returns.
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How to update bank account and other details post ITR filing: A step-by-step guide
Income Tax | Jul 20, 2023, 01:00 PM ISTITR filing: Fortunately the tax department gives a choice to alter/change the bank and individual subtleties after filing the tax returns, that implies these mistakes can be amended.