Tag: income tax
Making exaggerated, bogus claims to get refunds punishable offence: I-T Department
The I-T Department has asked income tax return filers to not make bogus claims for expenses, under-report their earnings or exaggerate deductions as this is…
Budget 2024 shakes up tax rules, hitting stocks, properties, and gold
Nirmala Sitharaman has splashed cold water to sober a party running ahead of reality. The message is clear-cut down speculation on stocks and properties, pay…
Union Budget 2024: Top 5 takeaways for salaried persons, job seekers
Budget 2024: Finance minister Nirmala Sitharaman on Tuesday presented the Union Budget 2024-25 during the Monsoon Session of Parliament. Nirmala Sitharaman became the first finance…
Budget 2024 expectations: 8 expectations of salaried, individual taxpayers from FM Nirmala Sitharaman today
Finance Minister Nirmala Sitharaman will present the Union Budget 2024 today, July 23. As the third term of the Modi government begins with a less…
Income Tax Budget 2024 Live: Will Sitharaman provide relief to middle class?
Income Tax Budget 2024 Live: Union finance minister Nirmala Sitharaman with Union Minister of State for Finance Pankaj Chaudhary and full budget team on the…
Budget 2024: Higher income tax on F&O trading income and a TDS on trading will necessitate taxpayers to revisit their tax plan
Securities and Exchange Board of India (SEBI) has conducted a study and published a report on 25 January 2023 on profits/ loss of individual traders…
Section 80C deduction in Budget 2024: Will the government increase Section 80C limit under the old income tax regime in Budget?
Many taxpayers choose the section 80C benefit as their preferred tax-saving option. Under section 80C of the Income Tax Act, 1961, individuals can avail a…
UK’s Labour says Sunak lied about its tax plans in election debate
LONDON: Britain’s opposition Labour Party accused Prime Minister Rishi Sunak on Wednesday of lying in a pre-election debate when he said Labour would increase taxes…
NRI home buyer gets a relief from paying income tax on imposed income of Rs 40.45 lakh, due to delayed registry
The Delhi bench of the Income-tax Appellate Tribunal (ITAT) has spared a non-resident Indian (NRI) from paying any tax in a case dealing with underpayment…
Older petty tax demands to be waived
The government has extended an olive branch to taxpayers who are still dealing with petty tax demands related to previous years. It has proposed to…