Page 17 of Taxation

Missed reporting foreign assets in ITR for AY 2024-25? File a revised return to avoid Rs 10 lakh penalty

Income Tax Return Filing AY 2024-25: If you missed reporting foreign assets in your ITR for AY 2024-25, file a…

November 18, 2024 11:39 IST

ITR Filing: Submitted tax audit on time but failed to file tax return? Here’s what to do now

I submitted the tax audit report for AY 2024-25 within the prescribed due date, but missed the deadline for filing…

November 14, 2024 12:21 IST

Year-End Tax Tips: How tax harvesting helps lower mutual fund taxes

Tax harvesting is an effective way to reduce tax payments by keeping LTCG within the tax-exempt limit.

November 13, 2024 13:11 IST

Key Income Tax Deadlines You Can’t Afford to Miss: Only a few days left! Avoid heavy penalties

If you fail to pay taxes on time, it might lead to penalties as well as many problems. Being aware…

November 11, 2024 11:39 IST

How are employee hotel stay benefits taxed?

When an employee is relocated, the tax valuation for accommodation provided by the employer is governed by specific rules.

November 8, 2024 13:13 IST

Can purchasing a flat in your wife’s name lower your tax liability?

To mitigate their tax liabilities, many individuals opt to purchase real estate in their spouse’s name. However, can you save…

November 2, 2024 10:13 IST

How are gifts and bonuses received during Diwali are taxed?

How are gifts and bonuses received during Diwali taxed?

What are the tax implications for gifts and bonuses received during Diwali under the Income Tax Act, 1961?

October 24, 2024 07:26 IST

HRA Exemption: How to claim tax benefits without house rent allowance

HRA: Not getting House Rent Allowance? you can still claim tax exemption! Know how much you can claim

If you’re not receiving House Rent Allowance (HRA), you can still claim HRA exemption under Section 80GG to save on…

October 22, 2024 18:10 IST

Relief for Taxpayers: New CBDT guidelines to prevent income tax prosecution

Good news for taxpayers! New guidelines for preventing prosecution in income tax offences

The revised rules aim to simplify the compounding process by reducing complexities from multiple existing guidelines and lowering compounding charges.

October 20, 2024 19:44 IST

How revised penalty and prosecution norms impact TDS deductors for non-compliance?

How do revised penalty and prosecution norms impact TDS deductors regarding their obligations and potential penalties for non-compliance?

October 17, 2024 19:16 IST

New Form 12BAA: Taxpayers attention! This form will help employees reduce TDS on salaries - Know what will change now?

New Form 12BAA: Taxpayers attention! This form will help you reduce TDS on salaries – Know what will change now?

Form 12BAA allows employees to report non-salary income, helping them reduce TDS deductions from their salaries for better cash flow.

October 17, 2024 15:17 IST

High-Risk Refund Claims for AY 2024-25 to face stricter scrutiny under new Income Tax SOP

The verification process will specifically target instances where multiple ITRs have been submitted using the same email address and exhibit…

October 16, 2024 13:19 IST

NPS Vs Mutual Funds Vs PPF Vs EPF: NPS returns comparable to large-cap mutual funds!

NPS has delivered in between 9% to 12% CAGR which is comparable to the returns profile of the large cap…

October 1, 2024 16:44 IST

How can taxpayers save tax after selling a residential house property?

According to Section 54 of the Income-Tax Act, 1961, individuals or HUFs can receive an exemption from capital gains tax…

September 27, 2024 11:59 IST

Income Tax Updates: 7 major changes in TDS rates, STT, and Aadhaar rules effective Oct 1

Income Tax Updates: 7 major changes in TDS rates, STT, and Aadhaar rules effective October 1

Income Tax Rules: There will be some key changes in the income tax rules starting October 1. These changes will…

September 27, 2024 10:56 IST

Federal Bank launches NPS Vatsalya: Know steps to open a pension account for your child

September 26, 2024 16:24 IST

How to save tax in India? Follow these 6 easy tax-saving tips

How to Save Tax: Follow these 6 easy tax-saving tips

By submitting proof for several eligible expenses or tax benefit investments, you can be eligible for deductions and plan your…

September 24, 2024 16:59 IST

Income Tax Notice: How to respond to a notice for defective tax return

A tax return is considered defective if it is submitted without all the requisite information or documentation mandated by law.…

September 24, 2024 13:56 IST

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Indian real estate sees 9% dip in institutional investment in 2025 says Colliers

Business35 min ago

Institutional investments in India’s real estate sector grew 11% YoY to $1.27 billion in Q2 of FY26, but saw a 9% YoY decline in the first half of 2025 due to cautious investor approach amid global tension. However, the average investment in the past 5 years has been $4 billion, with a total of $4.3 billion in Jan-Sept 2025. Domestic investors are now dominating the market, with foreign

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