Direct Tax Code implementation likely to take longer? When will we get new DTC?
The Income-Tax Act review, announced in the budget in July, could take longer than the anticipated six months, with an …
income tax act
Tax on EPF withdrawals: Know what rules say about deduction, exemption
Understanding taxation is essential for effective personal finance management, and one area that frequently causes confusion is Tax Deducted at …
Income Tax Refund: Know how to claim a tax refund after revised ITR deadline is over
Many taxpayers are waiting for their income tax refunds for the income tax return (ITR) filed for the financial year …
Tax Changes for Charitable Trusts from 1st October 2024
The Finance Minister, Nirmala Sitharaman, introduced significant changes for charitable trusts and institutions in the Finance (No. 2) Bill, 2024. …
ITR filing last date is July 31. Will income tax return deadline be extended?
ITR filing deadline: The Income Tax Department issued an alert to the public following reports regarding the extension of ITR …
Tax returns filing: How differently abled people can claim benefits u/s 80DD, 80DDB, 80U as new form 10IA to file form 2024
Arun Singh, a visually impaired software engineer, last year found that tax laws provide benefits to differently abled people and …
Filing ITR: Know how cryptocurrency gains are taxed
In February 2022, the central government had decided to impose a 30 per cent tax on income from cryptocurrencies and …
Is the Centre planning to decriminalise minor I-T offences in 100 days?
The central government may decriminalise minor income tax offences and replace prosecution with penalties as part of its agenda for …
Tax tribunals in Delhi and Mumbai allow deductions for CSR donation
Corporate social responsibility (CSR) Photo: Shutterstock Income Tax Appellate Tribunal (ITAT) benches in Delhi and Mumbai recently ruled in favour …
Exempted/Tax free Incomes Under Income Tax
Exempted income is that income on which income tax is not chargeable. Such incomes are classified as under:i) Incomes which …
