Page 11 of Taxation News: Taxation Latest News, Taxation Today news, Taxation Breaking News

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Personal Income Tax: Guess how much of govt’s direct tax revenue comes from you!

In the financial year 2024-25 (till March 16, 2025), the government’s net direct tax collection reached Rs 21.26 lakh crore,…

March 18, 2025 15:29 IST

March 2025 Tax Alert: Miss these deadlines and you could lose exemptions, face fines

It is very important to follow the deadline for filing tax, otherwise you will not get the benefit of tax…

March 18, 2025 11:50 IST

Advance tax alert! March 15 deadline nears – Are you liable to pay? Find out now

Advance tax is the income tax that individuals and businesses have to pay in installments throughout the financial year, rather…

March 12, 2025 21:37 IST

Income Tax crackdown! Donors to political parties under scanner – Are you on the list?

According to reports, about 9,000 people donated Rs 5 lakh or more in the financial year 2020-21 and claimed tax…

March 12, 2025 16:11 IST

7 Best Tax-Saving Investment Options in India: ELSS Funds, PPF and More

7 best investment hacks to save big on income tax

Here is a list of 7 best tax-saving investment options in India, by investing in which you can save tax…

March 11, 2025 16:08 IST

Under tax radar due to high income and low withdrawals? Here’s how you can avoid tax investigation

File all income like salary, rental income, capital gains, business income, interest and dividends correctly in your Income Tax Return…

March 10, 2025 15:56 IST

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Tax officials given more power than ever to raid, seize digital assets, attach properties – Details inside

New Income Tax Bill: With this proposed law, which is expected to come into force from April 1, 2026, the…

Updated: March 8, 2025 14:48 IST

Can tax officials really ask you about daily rations and toiletries? Here’s what experts say

According to reports, the Income Tax Department is asking taxpayers for full details of their monthly ration expenses, including the…

March 7, 2025 18:54 IST

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Tax e-filing: New banks enabled for online tax payments via e-pay tax service – Check the entire list of banks

With the Income Tax Department enabling more banks to facilitate tax payments, taxpayers can pay their regular income tax, advance…

March 6, 2025 13:43 IST

Govt snooping on your e-mails, social media, bank accounts? Mohandas Pai slams new tax rule as 'assault on rights'

‘Assault on our rights…get a court order’, Mohandas Pai blasts rule allowing tax officials track e-mails, social media accounts

Pai’s comments came in response to news reports suggesting the New Income Tax Bill has a provision that allows the…

Updated: March 6, 2025 13:23 IST

Major changes in TDS and TCS rules applicable from Apr 1: Here's all you need to know

Major changes in TDS and TCS rules from April 1: Here’s all you need to know

Major changes in TDS and TCS rules applicable from Apr 1, common taxpayers, traders to get relief

March 5, 2025 19:46 IST

Income tax officials can access your email, social media accounts from next year: Report

This new provision will come into effect under the proposed Income Tax Bill and will make the process of tax…

March 4, 2025 14:42 IST

Last chance to save on taxes! Maximise insurance tax benefits before March 31

The month of March reminds us that the financial year is coming to an end and we need to have…

March 3, 2025 13:21 IST

Income Rs 12 lakh tax-free, but you won’t benefit while filing tax return next financial year – Here’s why

Income Tax: The changes in slabs and tax rates may sound relieving, but these new provisions will not be applicable…

February 28, 2025 17:59 IST

Taxpayers attention! Form 16 and Form 24Q formats changed; some other major updates in CBDT circular

Form 16 and 24Q formats revised! New tax deduction rules you must know

The CBDT circular has been issued on 20 February 2025, and it will be applicable to the tax returns of…

February 27, 2025 20:16 IST

Claimed 87A tax rebate for capital gains? Income-Tax Dept sending demand notices

The ITR filing utilities stopped allowing taxpayers to claim rebate under 87A for various special rate incomes including short-term capital…

February 26, 2025 17:32 IST

Income Tax Bill 2025: What is clubbing of income and how family income will be taxed now?

Income Tax Bill 2025: What is clubbing of income and how will family income be taxed now?

Clubbing of income is done to ensure taxpayers do not avoid paying their tax liabilities through moving of incomes of…

February 22, 2025 15:11 IST

ITR Filing: How to switch from the Old Tax Regime to the New Tax Regime

It is important to highlight that Section 115BAC of the I-T Act, which pertains to the New Tax Regime, is…

Updated: February 19, 2025 17:38 IST

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