Section 80E : Tax Benefit on Interest Paid on Education Loans
Section 80E of the Income Tax Act lets you reduce your taxable income by the interest you pay on an …
Income Tax
Finance Commission expected to be constituted by November end: Finance secy
The government is expected to constitute the 16th Finance Commission by end of November, finance secretary T V Somanathan said. …
Doing a second job? You may be under I-T department’s lens for moonlighting
The income tax (I-T) department has sent notices to over 1,100 professionals who have earned money outside their regular job …
ITR deadline over, now what? File with late penalty or face these consequences
The government did not extend the deadline to file income tax return (ITR) for the financial year 2022-23 as the …
Record 67.7 million ITRs for AY 2023-24 filed till July 31: I-T department
The income tax department on Monday said a record 6.77 crore income tax returns for the assessment year 2023-24 were …
From ‘belated ITR filing’ to changes in rules of Axis Bank credit card: Financial updates for August
The end of July is approaching, which also means the deadline for filing your Income Tax Return (ITR) is coming …
Rent on PG accommodation, hostel services to attract GST: Karnataka AAR
Rent paid for paying guest (PG) and hostel accommodations, which are not like residential dwellings, would attract 12 per cent …
Over 750,000 HUFs claimed Rs 3,803 cr tax deductions in 2022-23: FinMin
Over 8.75 lakh Hindu Undivided Families (HUFs) have filed income tax returns (ITRs) and claimed deductions worth Rs 3,803 crore …
Monsoon session: I-T raids up 8% in FY23, Rs 1.15 trillion GST fraud & more
With 741 groups, I-T raids up 8% in FY23 A total of 741 groups were searched in FY23, resulting into …
Over 40 mn ITRs filed for FY23 so far, 8 mn refund issued: CBDT chief
More than four crore income tax returns (ITRs) have been filed so far for fiscal 2022-23 and more than half …
