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.
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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.
Mon, Feb 11, 2019
The Payment of Gratuity has been in effect since March 2018, and is an important social security legislation to wage earning population in industries, factories and establishments.
Sat, Feb 09, 2019
The Income Tax proposals announced in Interim Budget 2018 has provided a big opportunity to middle-class taxpayers to make the most of their hard-earned money.
Income tax return filing consists of a form that needs to be filled properly and honestly. However, if an ITR is not filed then you are in trouble as the Income Tax department will impose various penalties on you.
Fri, Feb 08, 2019
Tax planning for your wealth management should start with regular savings and investment into various instruments that can create wealth in the long run.
In FY18, there was 20% surge in undisclosed income to nearly Rs 10,767 crore. In fact, the income tax department has carried out various investigations to look into this serious matter.
The Supreme Court has made it mandatory to file the Income Tax returns with Aadhaar card and has asked people to get it linked with their PAN cards before March 31, but the numbers are not rising.
In the interim budget, Finance Minister Piyush Goyal announced direct income support of Rs 6,000 per year to 12 crore small and marginal farmers holding cultivable land up to 2 hectare.
Thu, Feb 07, 2019
The Income Tax rules provide relief to salaried employees by not making a large part of the House Rent Allowance (HRA) fully taxable.
Income Tax Payer, ITR Filers alert! Is it mandatory to link Aadhaar with PAN for non taxpayers? This is the question that keeps doing the rounds on internet search as there was lot of confusion over this. Now, the Supreme Court has cleared all the confusion.
Income Tax Return (ITR) filing: According to section 192A, payment of accumulated balance of provident fund which is taxable in the hands of an employee.
Tax payers are now preferring alternate methods of grievance redressal, like Centralised Public Grievance Redress and Monitoring System, and Aaykar Seva Kendras.
According to the Budget document placed in Parliament, the government has not raised the exemption limit for taxpayers from Rs 2.5 lakh to Rs 5 lakh, but has just made changes in the tax rebate under Section 87A of the Income Tax Act.
Tue, Feb 05, 2019
If you fail to reveal your income and pay taxes, you may have to face penalties and even imprisonment from 6 months to 7 years, along with penalty under various sections of the Income Tax Act.
Mon, Feb 04, 2019
Sanjay Agarwal, Partner, TASS Advisors explains if Budget 2019 live up to the expectations on direct taxes front.
Income tax assessment process is set to become more taxpayer-friendly by becoming "completely faceless" in the next two years.
Income Tax Return: Every year when Financial Year comes to an end, it rings alarm bells for Income Tax payers for I-T return (ITR) filing. Once a tax payer is through with the ITR filing, he has to get it verified by the Income Tax Department.
Sun, Feb 03, 2019
Income Tax rules change: The Finance Bill 2019 mentions several changes to the Income Tax Act. These will come into effect when the Bill gets the approval of the parliament.
The move would provide relief to middle class taxpayers comprising self employed, small businesses, small traders, salary earners, pensioners and senior citizens.
Sat, Feb 02, 2019
Income Tax: These proposals will come into effect after the Finance Bill 2019 is passed by the Parliament. According to CBDT chairman Sushil Chandra, the changes will come into effect from April 1.
Budget 2019: Piyush Goyal, the Finance Minister of India, spoke about the budget and its sense with Zee Business’s Swati Khandelwal. Edited Excerpts:
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