Tag: income tax
Income tax return: As deadline approaches, know which form to use for ITR filing
The deadline to file the Income Tax Return (ITR) for the financial year 2022-23 (assessment year 2023-24) is July 31. The IT department has notified…
New Tax Regime: I-T issues rules for pros to switch between old, new tax regimes
New Delhi: Consultants, professionals and individuals with income from businesses will now be able to opt for the old tax regime in the current financial…
Nris Get I-t Dept’s Queries On Investments
(This story originally appeared in on Jun 15, 2023) MUMBAI: A significant number of non-resident Indians (NRIs), including those in the UAE, have received notices…
I-T department enables online filing of ITRs 1, 4
The Income Tax department has enabled online filing of income tax returns (ITRs) 1 and 4, filed by individuals, professionals and small businesses, for 2022-23…
Income Tax revamp: Finmin sources call media reports ‘baseless’, say ‘no discussion on capital gains tax’ – The Economic Times Video
Clarifying news agencies’ reports, Fin Min sources tell ET NOW that there is no discussion on capital gains tax in Finance Ministry. ET NOW’s Managing…
india direct tax: Modi government eyes higher capital gains tax for rich to curb inequality
India is preparing an overhaul of its direct tax laws to replace a byzantine matrix of rules and help Prime Minister Narendra Modi reduce income…
TDS on salary? IT dept says employers should first ask…
The Income Tax Department on Wednesday said employers will have to seek details from employees about their preference for tax regime in the current fiscal…
Income-tax collections grow 20% in one year, nears ₹20 lakh crore mark
NEW DELHI: The Union finance ministry on Monday reported over 20% year-on-year jump in gross direct tax revenue at ₹19.68 lakh crore for the financial…
black money: Flurry of I-T orders under Black Money law to beat March 31 Deadline
Several orders for violating the black money law were released in the run-up to March 31 as the Income Tax (I-T) office rushed to beat…
New tax regime, other rules to kick in from Apr 1: What taxpayers need to know
As is the case with each financial year (FY), the upcoming FY (2023-24) will also begin on April 1. The announcements made by finance minister…