Page 3 of income tax returns

Tax Talk: Onus on taxpayer to exercise option of old tax regime

By default, income tax of taxpayer will be calculated as per the new tax regime

February 10, 2023 01:10 IST

Standard Deduction in New Tax Regime 2023-24 for salaried employees: Is it Rs 50,000 or Rs 52,500?

Standard Deduction in New Tax Regime 2023-24 for salaried employees: Check new rule, whether it is available to all employees?

Updated: February 7, 2023 11:09 IST

Union Budget, Budget 2023, startups, tax benefit, carry forward, income tax, entrepreneurial growth, tax holiday, SISFS, PAN

Budget 2023’s major tax benefit for startups; loss carry forward benefit extended

Sitharaman extended the benefit of carry forward of losses from the current 7 years to 10 years from the date…

February 1, 2023 13:41 IST

Your queries: Income Tax – Sale proceeds from flat have to be disclosed in ITR

While selling a capital asset (the residential house property in this case), one needs to disclose and pay tax on…

January 30, 2023 00:25 IST

How can your parents help you save tax & earn more?

The tax planning should be done in a way that the overall tax burden of the family should not be…

January 27, 2023 10:32 IST

Getting more from taxation

The government needs to expand the tax base and not tax the already-taxed some more. Sustainability and realisation of tax…

January 16, 2023 04:00 IST

Your queries: Income Tax – Set-off long term loss only against LTCG

Equity shares are classified as long term if they are held for a period more than 12 months.

January 9, 2023 00:40 IST

Income Tax Planner 2023: New tool by Clear to help you optimize taxes, save money

Clear Tax Planner to provide suggestions like tax-saving investments, salary exemptions, medical insurance, loans, tax harvesting, advance taxes, etc.

January 4, 2023 15:31 IST

income tax, income tax return, ITR, income tax return filing, ITR filing, revised ITR, ITR due date, ITR last date, assessment year, financial year, non filing of ITR, ITR non-filer

Beware taxpayers! Today is the last date for filing, revising your return for AY 2022-23

The government has decided to reduce the span of an Assessment Year (AY) down from 12 months to 9 months…

December 30, 2022 19:50 IST

Process smooth as ITR and GST filing deadlines approach: Govt

On the direct tax side, taxpayers can file a belated or revised income tax return for the assessment year 2022-23…

December 30, 2022 04:15 IST

Income Tax Saving 2023: Complete Guide for Working Professionals

Income Tax Saving Guide 2023 for Working Professionals: As we get into 2023, it is a good time to have…

Updated: December 27, 2022 10:19 IST

Is it fair to ask you to pay Income Tax for Rs 2.5 lakh when Rs 8 lakh makes one poor? Govt responds

The basic exemption limit provided under the Income Tax Act and income threshold for EWS categorisation are not comparable, says…

December 20, 2022 14:59 IST

No ITR? You can still get a loan – Here’s how

Salaried applicants will have an ITR, but non-salaried individuals with non-taxable income may find it challenging to furnish documents such…

December 2, 2022 01:30 IST

Income Tax Return filing by salaried employees: 5 common problems and their solutions explained

The Income Tax rules have several provisions through which employees can reduce their overall tax outgo.

November 14, 2022 12:56 IST

Income Tax, Income Tax returns, itr, demat account,

Your queries: Income Tax – You need to file ITR to set off and carry forward losses

Income from share trading and practicing law may be declared as business income and capital gains from investing in shares…

November 14, 2022 01:00 IST

Taxpayers should check AIS quarterly, report discrepancies: Finance Ministry official

The income tax department had in November last year rolled out a new Annual Information Statement (AIS) on its portal.

November 7, 2022 18:29 IST

tax, income tax, income tax return, ITR, ITR due date, ITR due date extension, taxpayers without audit needs, assessees with books of accounts subject to audit, tax audit

ITR Due Date: While normal taxpayers get no extension, what makes govt extend relief in audit cases?

The normal taxpayers didn’t get relief for even a day this year (AY 2022-23), while the due date for those…

November 2, 2022 18:49 IST

Explained: What is Rule 132 under Income Tax and why is it important for taxpayers?

What is Rule 132? Individuals with income from business or profession, who have claimed deduction of surcharge or cess in…

Updated: October 30, 2022 16:20 IST

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