Tax platform ClearTax has partnered with Microsoft to streamline tax filing for workers employed in the informal sector across India.
If a husband transfers money to his wife’s account and the wife or the husband uses this money for investment…
Under Section 80D, one can save taxes through availing deductions against health insurance premiums. Under Section 80DDB, one can claim…
ITR 2024 last date came to an end on July 31 after the Income Tax Department decided not to extend…
The Income Tax Clearance Certificate serves as a proof that an individual has fully discharged tax obligations and there is…
Any rental income derived by a taxpayer would be liable to taxation under income from house property.
One of the reasons for the delay in ITR processing is the type of ITR form chosen by the taxpayer…
This initiative is part of the CBDT’s Central Action Plan for 2024-25, which seeks to mitigate tax evasion and enhance…
The CBDT’s investigation focuses on potential discrepancies between the information provided by taxpayers and the records of foreign remittances.
Income tax refund speed varies based on several factors, such as the type of ITR form filed, the complexity of…
NPS Tax Benefits: For salaried professionals, NPS allows avail tax benefits under various sections of the Income Tax Act and…
Many taxpayers are wondering whether they are allowed to switch their preferred income tax regime and avail new benefits announced…
Meanwhile, some taxpayers who filed tax return much earlier are still waiting for their refunds. In some cases, refunds were…
A significant change in the revised bill was regarding the indexation provision in relation to long term capital gains tax…
Indexation removal: The Association of Mutual Funds in India (AMFI) has appealed the government to bring back the indexation benefit…
New LTCG Vs Old LTCG: Taxpayers have now two options to compute their taxes on long term capital gains (LTCG)…
Tax experts are of the view that index benefit is not restored as media is playing and the profit has…
The central government has moved an amendment to the Finance Bill, 2024, to allow people select either a 12.5% long-term…