Page 16 of Taxation

Industry pushes for simplified GST structure amid concerns over 35% slab proposal

According to industry experts, the Group of Ministers’ recommendation of a new slab with a tax rate of 35% for…

December 19, 2024 15:17 IST

Missed the July 2024 Deadline? Here’s how to file your belated return for AY 2024-25

Taxpayers who fail to file their ITR within the prescribed due date can utilize the provisions of Section 139(4) of…

December 19, 2024 09:00 IST

Tax Implications of Foreign ETFs: Key updates for salaried investors

There have been recent changes to the tax treatment of foreign ETFs. How these changes may impact the taxability of…

December 12, 2024 13:28 IST

Crypto Tax: How much tax to pay on cryptocurrency gains in India

Understand India’s strict 30% tax on crypto gains; navigate complex regulations before investing. Stay informed and cautious!

December 10, 2024 09:55 IST

Miss this ITR filing deadline and face a Rs 10,000 penalty!

Income Tax Return: Miss THIS ITR filing deadline and you will be fined Rs 10000

File your ITR by Dec 31 to avoid a Rs 10,000 fine; missed July 31 deadline? Pay Rs 5,000 and…

December 6, 2024 17:37 IST

There has been a rising scam executed through PAN cards

What are the penalties for not having a PAN Card or holding multiple PANs?

Not having a PAN card when required, providing incorrect details, or holding multiple PANs can result in hefty penalties.

December 5, 2024 15:46 IST

Key Financial Deadlines for December 2024: Income Tax, Aadhaar updates, and more

Stay informed about key financial deadlines in December 2024, from income tax and Aadhaar updates to fixed deposit offers and…

December 5, 2024 08:14 IST

FinMin reviews Income Tax Act! Tax certainty, simplified tax-filing process, better taxpayer services must be top reform agenda - Survey

FinMin reviews Income Tax Act! Survey calls for tax certainty, simplified tax-filing, improved taxpayer services

A modernised tax system, aligned with recent government initiatives, would enhance compliance, drive growth and bolster India’s competitiveness on a…

December 4, 2024 16:55 IST

Direct Tax Code 2025: Big expectations! Streamlined income tax regimes, fewer slabs and simplified compliance

Direct Tax Code 2025: Individuals earning up to Rs 15 lakh will benefit more from new tax laws, feel experts

Direct Tax Code’s key provisions are expected to include streamlined tax regimes, fewer slabs, and reduced complexities, benefiting individuals with…

December 4, 2024 14:12 IST

PAN 2.0: Surrender duplicate PAN Card now or face Rs 10,000 penalty – Details here

The PAN 2.0 Project also aligns with the Digital India initiative, emphasizing eco-friendly, paperless operations. Furthermore, it positions PAN as…

December 1, 2024 15:26 IST

Senior citizens above 75 exempted from paying income tax? Know what govt says on viral post

Senior citizens above 75 exempted from paying income tax? Know what govt says on viral claim

A viral post claiming senior citizens above 75 are exempt from paying income tax has been circulated on the social…

November 29, 2024 19:29 IST

TDS on EPF Withdrawal: PAN not furnished, pay 30% tax! Other key facts you need to know about PF taxation

TDS on EPF Withdrawal: 30% income tax if PAN not furnished! All you need to know about PF taxation

TDS on EPF withdrawals is mandatory under Section 192A of the Income Tax Act, with specific rules for exemptions and…

November 28, 2024 11:49 IST

Will Rs 7.5 lakh income be tax-free for senior citizens under Old Tax Regime in upcoming Union Budget? Here’s what finance ministry says

As Budget 2025-26 approaches, senior citizens await potential tax relief. A query was recently raised in the Lok Sabha if…

November 28, 2024 09:23 IST

PAN 2.0: Will your PAN number change now? Here’s all you need to know

PAN 2.0 will enhance the services and technological capabilities it offers. It will replace software, that is 10 to 15…

November 26, 2024 11:48 IST

India Inc's Tax Digitalisation: Robotics, blockchain, GenAI, machine learning to reshape organisations' tax landscape, says survey

India Inc’s Tax Digitalisation: Robotics, blockchain, GenAI to reshape tax landscape, says survey

India is undergoing a significant transformation in tax digitalisation, with the government’s strong push towards innovation and a taxpayer-friendly ecosystem,…

November 20, 2024 17:10 IST

Taxpayers’ Lounge at India International Trade Fair: Get all your tax-related queries answered and issues resolved!

Reflecting the theme of Viksit Bharat, the pavilion’s central structure illustrates India’s aspirations to shine on the global stage by…

November 20, 2024 12:25 IST

Union Budget 2025-26: ASSOCHAM pushes for TDS rate rationalization to boost compliance

The ASSOCHAM pre-Budget memorandum outlines several specific recommendations for the government to rationalize TDS rates and implement a more flexible…

November 19, 2024 16:01 IST

Annual income Rs 10 lakh: Which tax regime is better for you – new or old?

New Vs Old Tax Regime: Taxpayers can avail various deductions and exemptions available under the old tax regime, while there…

November 18, 2024 15:56 IST

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