Page 4 of Income Tax Act

income tax, income tax return, itr, income tax deduction, old tax regime, new tax regime, section 80d, section 80c, health insurance, house rent allowance, hra, life insurance, home loan interest, home loan,

ITR Filing: 5 major income tax provisions taxpayers need to know in 2025

It is mandatory to choose between the old and new tax regime while filing the online form — with specific…

April 24, 2025 05:55 IST

New Tax Rules: Now pay 1% TCS on luxury goods worth Rs 10 lakh and above

New Tax Rules: Now pay 1% additional tax on luxury goods worth more than Rs 10 lakh

The Income Tax Department has issued a notification stating that 1% TCS will be imposed on sale of certain luxury…

April 23, 2025 13:50 IST

income tax, income tax department, income tax returns, itr, itr 2025, income tax deadline, itr refund, itr deadline

ITR Filing 2025: What is deadline to file income tax return this year?

Taxpayers will soon be able to file their returns for FY25 via the official Income Tax Department website.

April 22, 2025 23:02 IST

7 ways the New Tax Regime can help you save more on income tax

ITR Filing: 6 ways the New Tax Regime can help you save more on income tax

Old tax regime, however, still offers taxpayers a range of options to save taxes through various eligible deductions and exemptions…

April 22, 2025 18:30 IST

Last chance to settle income tax dispute: 'Vivaad se Vishwas' scheme closing on 30th April

Income Tax: Last chance to settle your tax dispute without going to court as THIS scheme closes soon

This scheme is specially for those taxpayers whose cases are stuck with the Income Tax Department in the courts or…

April 22, 2025 17:39 IST

The simplified form is designed for individuals and entities who earned up to Rs 50 lakh during the recently concluded financial year.

ITR Filing FY 2024-25: Old vs New Tax Regime – Which one saves you more?

Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section…

Updated: May 25, 2025 21:07 IST

Mumbai realtor sells sea-facing duplex apartment for Rs 174 cr; but it isn't the most expensive deal

Big relief for flat owners: No income tax payable if you get a new flat in exchange for old, rules Mumbai ITAT

In a recent judgment, the Mumbai Income Tax Appellate Tribunal (ITAT) ruled that such an exchange cannot be taxed under…

April 17, 2025 14:57 IST

Why your income tax refund could be lower than you thought in 2025

ITR Filing 2025: No income tax refund against new filing this year till tax officials review your …

For this assessment year, if you receive less income tax refund or do not get any refund at all, you…

April 17, 2025 12:37 IST

Small businesses, big dues: Delayed payments to MSMEs cross Rs 50,000 crore despite govt push

The amount unpaid has grown 20 per cent from around Rs 41,900 crore as of March last year.

April 11, 2025 14:17 IST

Fuss over I-T notice: Taxpayers and CAs approach appellate authority

Rs 7 lakh income? Here’s why you may still get tax notice

According to tax experts, these notices sent by the department have been issued under Section 143 (1) of the Income…

April 8, 2025 14:28 IST

Income Tax Return 2025: I-T department upgrades ITR-2 filing process, know new changes

The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is…

April 3, 2025 19:19 IST

Big relief for taxpayers! Tax department waives interest on late TDS, TCS payment – Details here

Recently, many taxpayers had complained that they had paid TDS (Tax Deducted at Source) and TCS (Tax Collected at Source)…

April 1, 2025 13:24 IST

Income Tax Return 2025: Tax department releases new Excel utility for ITR-2 filing, know what has changed

The Income Tax Department has recently released an upgraded version of the Excel-based utility for filing ITR-2. It is specially…

March 31, 2025 18:03 IST

Making HRA claims without deducting TDS? Income Tax Department sending notices

Under the income tax law, a tenant who is living in a property and paying a rent of Rs 50,000…

March 31, 2025 17:16 IST

ITR rules change from April 2025: Is there any error in your tax return?

New Tax Rule: Govt to match your current ITR with previous year’s to find inconsistencies – Details here

If you file Income Tax Return (ITR) every year, then you will need to be more cautious than before while…

March 28, 2025 12:58 IST

nirmala sitharaman, income tax bill, it bill, whatsapp chats, digital assets, digital footprint, encrypted messages, income tax bill news

‘WhatsApp chats helped unearth Rs 200 crore…’: Govt to introduce provisions to track digital footprint under new I-T Bill

Previously, tax officials needed separate approvals to access digital data during investigations. However, the new provisions grant them the authority…

Updated: March 26, 2025 09:47 IST

Tax, undisclosed income, money, total income, Finance Act, finance, total undisclosed income

Tax sleuths to target undisclosed income only

Govt proposes amendment to Finance Act 2025, clarifying search and seizure focus on undisclosed income, strengthening compliance and reducing tax…

Updated: March 25, 2025 11:33 IST

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October collections defy GST rationalisation fears: SBI report

Industry42 min ago

SBI Research report shows strong October GST collections refute fears of revenue loss after rate rationalisation. Short-term losses varied from Rs 48,000 crore to Rs 10 lakh crore, but October collections rose 4.6% YoY to Rs 1.96 lakh crore. Refunds and state-level gains prove apprehensions unfounded, with projections showing most states as net gainers.

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