
Many taxpayers are wondering whether they are allowed to switch their preferred income tax regime and avail new benefits announced…
Meanwhile, some taxpayers who filed tax return much earlier are still waiting for their refunds. In some cases, refunds were…
A significant change in the revised bill was regarding the indexation provision in relation to long term capital gains tax…
Indexation removal: The Association of Mutual Funds in India (AMFI) has appealed the government to bring back the indexation benefit…
New LTCG Vs Old LTCG: Taxpayers have now two options to compute their taxes on long term capital gains (LTCG)…
The limit for tax payments via UPI has been enhanced to Rs 5 lakh from Rs 1 lakh earlier, a…
Tax experts are of the view that index benefit is not restored as media is playing and the profit has…
The central government has moved an amendment to the Finance Bill, 2024, to allow people select either a 12.5% long-term…
The Income Tax Department has started sending notices to taxpayers through emails. Remember, tax notices can be triggered by various…
Record ITRs filed for AY 2024-25! Is this indication that old tax regime may be scrapped by next year? Tax…
Income Tax Refund scam: Tax filers should be alert! Scammers are sending phishing emails and messages that your ITR refunds…
Belated Income Tax Return Filing AY 2024-25: If you have failed to file your ITR for AY 2024-25 by July…
Income tax notice: With ITR filing deadline coming to an end on July 31, the Income Tax Department will start…
One of the highlights of this year’s Budget is the proposed modification of the tax slabs under the new regime,…
Income Tax Return Revision after ITR Filing: What happens when you notice a wrong entry or any other discrepancies in…
In a bid to incentivise the new tax regime, the Budget 2024 has proposed some changes for individual taxpayers.
ITR refunds are a relief for taxpayers, often seen as a reward for diligent financial planning and compliance. However, how…
ITR Deadline Extension: Has the Income Tax Department extended the deadline to file income tax return to August 31, as…