Income Tax
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Budget 2024: These mutual fund investors will benefit if govt raises income tax Section 80C limit
Budget | Aug 17, 2026, 03:42 PM ISTBudget 2024: These funds are among the top investment choices for both salaried individuals and the self-employed. They are the only mutual funds that qualify for a tax deduction under Section 80C of the Income Tax Act, 1961.
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Stage set for first Budget of Modi 3.0: Nirmala Sitharaman to present 7th Budget in row
Budget | Jul 22, 2024, 11:58 PM ISTBudget 2024: Finance Minister Nirmala Sitharaman is set to present the first budget of Modi 3.0 in Lok Sabha, marking her seventh budget presentation. Prime Minister Modi emphasised the budget's significance in the "Amrit Kaal" journey towards a developed India by 2047.
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Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy
Budget | Jul 22, 2024, 06:47 PM ISTUnion budget 2024: Key areas to watch include GDP growth projections, tax collection performance, fiscal deficit management, inflation control measures, and export strategies. The budget's impact on public spending and economic trajectory will be significant.
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Budget 2024: When and where to watch Nirmala Sitharaman's budget speech? Know here
Budget | Jul 23, 2024, 10:51 AM ISTUnion Budget 2024: The first full budget of the BJP-led NDA government in its third successive term will be presented by Finance Minister Nirmala Sitharaman on July 23. Stay tuned to the India TV news channel for Nirmala Sitharaman's budget speech.
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ITR alert: Don't forget to claim these four deductions to reduce tax while filing return
Business | Jul 21, 2024, 09:35 AM ISTITR filing 2024: Reduce your tax liability by claiming eligible deductions when filing your income tax return (ITR). However, if you forget to claim these deductions, you won’t be able to claim them in the next financial year.
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Income Tax assessment year 2024-25: How does your ITR get processed by tax department? Details
Income Tax | Jul 08, 2024, 05:46 PM ISTThe last day to file the Income Tax Return (ITR) is July 31. After the returns are filed, the department will verify the claims and subsequently initiate the refunds accordingly. Know about how the ITRs are processed and what steps to take.
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Credit cards, Paytm wallets, ITR filing: Key financial deadlines and rule changes in July 2024
Personal Finance | Jul 01, 2024, 09:57 AM ISTAs July approaches, prepare for significant financial changes impacting credit cards, Paytm wallets, and income tax filings. Key updates include Paytm closing inactive wallets on July 20, 2024, SBI Card ending reward points on government transactions, and ICICI Bank adjusting credit card fees.
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Madhya Pradesh cabinet revokes 52-year-old rule, ministers to now pay their Income Tax
Madhya Pradesh | Jun 25, 2024, 04:49 PM ISTPreviously, the government used to cover the income tax payments for ministers in Madhya Pradesh. However, 52 years later, the Mohan government changed the rule and the ministers will now be responsible for paying their own income tax.
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Income Tax department issues reminder on PAN-Aadhaar linking to avoid higher TDS. Check details
Business | May 29, 2024, 09:52 AM ISTThe Income Tax Department took to social media to inform taxpayers about the crucial deadline to link their PAN to Aadhaar. The department's post emphasised that not linking PAN with Aadhaar would lead to a higher rate of TDS.
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LIC plans health insurance foray after historic dividend payout, explores acquisitions
Personal Finance | May 28, 2024, 08:07 PM ISTThe LIC's move comes after a proposal to introduce composite insurance companies, allowing life insurers to offer hospitalisation and indemnity coverage, pending an amendment to the Insurance Act.
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'After June 4, BJP leaders will go to jail for electoral bonds scam,' claims AAP's Atishi
Delhi | May 21, 2024, 10:12 PM ISTOn Manish Sisodia's bail rejection in the excise case, AAP said the party "respectfully disagrees" with the Delhi High Court's decision and will approach the Supreme Court to seek "justice" for the former Delhi deputy chief minister.
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Delhi: One dead after massive fire erupts at ITO building, employees safely evacuated | VIDEO
Delhi | May 14, 2024, 06:28 PM ISTDelhi: The fire, believed to have originated on the third floor, is under investigation. In a separate incident, an explosion led to a fire in a residential building in south Delhi, with no casualties reported.
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Won't take any coercive action against Congress in view of Lok Sabha polls: IT dept tells SC
India | Apr 01, 2024, 12:20 PM ISTThe development comes a day after Congress leader Rahul Gandhi once again raked up the issue alleging that the government set the IT, ED and other agencies behind his party. He said the government wants to stop his party's campaigns by creating income tax-related issues.
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Finance Ministry clarifies: No changes in new tax regime, issues 6-point note
Business | Apr 01, 2024, 11:07 AM ISTIn a statement, the ministry addressed confusion over the new tax regime, emphasising its lower rates but fewer exemptions and deductions. Finance Minister Nirmala Sitharaman's interim budget assured the preservation of existing tax rates.
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Income tax department cracks down on PAN fraud for false HRA claims
Income Tax | Apr 01, 2024, 09:23 AM ISTThe income tax department has uncovered a scam involving the fraudulent use of PANs to claim house rent allowance (HRA) without actual tenancy, with around 8,000–10,000 high-value cases identified.
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Financial changes effective April 1: What you need to know
Personal Finance | Apr 01, 2024, 07:10 AM ISTFinancial Changes Effective April 1, FY 2024-25As the financial year 2023-24 draws to a close, significant financial amendments are poised to reshape personal finance from April 1, marking the beginning of the new fiscal year.
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New Tax regime rules to come into effect from today: Check deductions, rebates, changes in tax slab
Income Tax | Apr 01, 2024, 06:21 AM ISTThe rebate limit has also been increased under the new tax regime where for incomes up to ₹7 lakhs, the applicable rebate limit is now ₹25,000.
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Zomato gets tax demand order of Rs 23.26 crore, online food delivery platform to appeal against it
Business | Mar 31, 2024, 05:29 PM ISTThe online food delivery platform said it would appeal against the order before the appropriate authority. Zomato Ltd reported a net profit of Rs 138 crore in the third quarter ended December 31, 2023.
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Congress gets fresh Income Tax notice of over Rs 1,700 crore, total tax demand rises to Rs 3,567 cr
India | Mar 31, 2024, 01:36 PM ISTThe Delhi High Court on Thursday (March 28) rejected petitions by the Congress challenging the initiation of tax reassessment proceedings against it for a period of four years by tax authorities.
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IT serves Congress notice of over Rs 1,800 crore tax after Delhi HC rejects its plea on reassessment
India | Mar 29, 2024, 01:39 PM ISTA bench of Justices Yashwant Varma and Purushaindra Kumar Kaurav said the pleas were dismissed in terms of its earlier decision refusing to interfere with the opening of reassessment for another period.