
Budget 2025: The government may raise the basic income tax exemption limit for senior citizens to Rs 5 lakh, potentially…
Initially, the Central Board of Direct Taxes (CBDT) set the original deadline for filing of belated or revised tax returns…
Budget 2025 may bring significant tax relief for individuals earning up to Rs 15 lakh as the Direct Tax Code…
In their pre-budget meeting with the FM, trade union leaders have suggested a super-rich tax apart from an increase in…
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing belated and revised income tax returns (ITRs)…
The CBDT notified the Direct Tax Vivad Se Vishwas Scheme, 2024 in September this year and it came into force…
While India’s current fiscal year ends on March 31, 2025, this period provides an excellent opportunity to familiarize oneself with…
Taxpayers, rejoice! These 5 major changes in income tax rules for 2024 simplify the process of filing income tax returns,…
While salaried employees with a HRA component in their salary can claim tax benefits under section 10(13A) of the I-T…
A message circulating on social media claims that as India commemorates 75 years of its Independence, senior citizens above 75…
There are several factors to consider before submitting your investment proof to your employer on time. This will help you…
The government manages seized assets under laws like PMLA, Customs Act, and Income Tax Act, with provisions for disposal to…
When you strategically sell investments at a loss to offset capital gains and reduce tax liability, this is called tax-loss…
Proper tax planning not only helps you manage your tax outgo but also enables you to meet both short-term and…
Section 10(5) of the I-T Act outlines the exemptions available to salaried employees in relation to LTA w.r.t. travel to…
The government has been actively conducting surveys under Section 133A of the Income-tax Act to identify tax evaders while improving…
ELSS Mutual Funds: ELSS Mutual Funds combine the potential for higher returns with tax-saving benefits, making them a popular choice…
The PAN 2.0 project is an e-governance initiative aimed at re-engineering the business processes of taxpayer registration services. The Income…