Mon, Dec 04, 2023
Taxpayers rejoice! The Income Tax Department has introduced a revolutionary new feature – the 'Discard' option. In this video, we’ll delve into the details of this game-changer, explaining its benefits, eligibility criteria, and the simple process of discarding your income tax return. So, whether you're a seasoned taxpayer or a first-timer, this video will equip you with the knowledge to make the most of this convenient option.
More >
Tue, Nov 07, 2023
Don't assume that all transactions between spouses are tax-free. There are some nuanced rules to be aware of, especially when it comes to gifts, investments, and rental income. In this video, we'll break down the key tax implications to keep in mind when dealing with your spouse financially.
Fri, Sep 15, 2023
The new 20% TCS rule on international travel is coming into effect on October 1st, 2023. Here's what you need to know about how it will impact your travel plans and how you can save money.
Sat, May 25, 2019
New Direct Tax Code: Taxpayer? You may expect the introduction of a new direct tax code soon.
The Central Board of Direct Taxes (CBDT) has recently revised the norms related to Form 15 H, which is applicable to persons aged above 60 years. The new rule will consider the provision of Section 87A, according to CBDT notification.
Wed, May 22, 2019
While Systematic Investment Plans (SIPs) are being used by investors to build a corpus in a planned manner, Systematic Withdrawal Plans or SWPs can be used to redeem their investment from a mutual fund scheme in a phased manner. It allows you to withdraw money in installments, unlike the lumpsum withdrawals.
Tue, May 21, 2019
It's a must-watch video for tax payers. This video will act as a knowledge guide for you to understand - What is TDS? Why it is deducted from your salary? Why your employer deducts it and for what purpose? Here is everything you need to know about TDS (Tax Deducted at Source).
Thu, May 16, 2019
ITR rejection can be averted. Send SMS in 'UIDPAN<12 Digit Aadhaar> <10 Digit PAN>' format to either 567678 or 56161 from your mobile number registered with your Aadhaar Card.
Driven by the aspirations of youth and improved lifestyle, the cost of living is increasing by the day. Parents have to consider many additional expenses like higher education, medical costs and recreational expenses while doing financial planning for their children.
Wed, May 15, 2019
Bonus, sometimes referred to as performance incentive is usually paid to an employee twice a year.
It may be quite alarming at the outset, but the first thought that should come to your mind after receiving a notice from the Income-Tax department is to keep calm. There is a common belief that any official document received from the I-T department should be a reason to worry and this makes the situation worse.
Tue, May 14, 2019
It is very important that a taxpayer plans investment pattern in order to reduce their taxes.
Wed, May 08, 2019
PF or Provident Fund should be withdrawn completely post-retirement and be invested in bank deposits, bonds or company deposits, advises investment experts.
Mon, May 06, 2019
The CBDT in its statement on Monday said the 6.74 crore income tax returns filed in the 2017-18 fiscal included 5.47 crore income tax returns (ITRs) for Assessment Year (AY) 2017-18.
With this scheme, homebuyers are actually getting attracted to the affordable housing segment - the engagement is high as the financial burden is not prohibitively expensive.
Sun, May 05, 2019
"Start-up promoters presently need to hold 100 per cent shares for carrying forward of losses. The requirement needs to be reduced to 26 per cent, as it will encourage new investors to invest in start-ups," they said.
Sat, May 04, 2019
India, like a majority of the world economies, follows 'Residency'-based taxation and not `Citizenship`-based taxation.
Thu, May 02, 2019
ITR filings: The process of ITR filing needs various documents, therefore, ahead of the last date for filing your Income Tax Return for the assessment year 2019-20, July 31, 2019, you should ensure that it is done prior to the scheduled date.
Wed, May 01, 2019
Different forms of tax returns are prescribed for taxpayers depending on Status and Nature of income.
Tue, Apr 30, 2019
In this segment of Money Guru; watch how to save your tax without any heavy investment.
Send SMS in 'UIDPAN<12 Digit Aadhaar> <10 Digit PAN>' format to either 567678 or 56161 from your mobile number registered with your Aadhaar Card.
Mon, Apr 29, 2019
Income Tax Return Filing season is here, and many of you must be planning to file ITR soon. So, here we bring you the full list of precautions which should be kept in mind and exercised while filing the return of income so as to avoid any penalty, extra charges and punishment.
Want to know the status of your Income Tax refund? You can do this easily in a few minutes.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
![Demystifying the New "Discard" Option in Income Tax Returns: A Comprehensive Guide for Taxpayers](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2023/12/04/00000022.jpg?itok=LA5Ghiab "Demystifying the New "Discard" Option in Income Tax Returns: A Comprehensive Guide for Taxpayers")
