Page 26 of Taxation

ITR Filing 2024: How cryptocurrency gains are taxed in India

Any gains accrued from subsequent transactions involving the transfer of VDAs are subject to tax under Section 115BBH.

May 20, 2024 13:16 IST

NPS: How do contributions to and withdrawal from National Pension System are taxed?

Section 80CCD(1) of the Income Tax Act allows individuals to claim deduction against their NPS contribution.

May 17, 2024 12:02 IST

How a home loan can help you optimise your tax saving

A home loan offers excellent tax-saving opportunities, and recent budget changes have further enhanced their attractiveness.

May 14, 2024 13:59 IST

PM Modi or PM Rahul: How will taxpayers be impacted if Direct Tax Code gets implemented post Lok Sabha polls 2024?

Taxpayers to face higher tax outflows if Direct Tax Code gets implemented post Lok Sabha polls 2024

A report in the Financial Express last month stated that discussions were underway in the finance ministry regarding the implementation…

May 14, 2024 10:27 IST

Capital gains tax on gifted shares? Here's what Bombay High Court ruling says

Capital gains tax applicable on gifted shares? Here’s what Bombay High Court ruling says

Quashing a reassessment notice issued by tax authorities to Jai Trust, the court observed that in gifting of shares, there…

Updated: May 13, 2024 13:59 IST

New ITR Filing Twist: Can you really change tax regimes last minute?

In the Union Budget 2023, the union government made some key changes to the rules pertaining to switching income tax…

May 13, 2024 12:15 IST

What are the consequences of PAN becoming inoperative due to non-linkage to Aadhaar?

Circular No. 3 of 2023 detailed various consequences of PAN becoming inoperative, including deduction or collection of tax at source…

May 10, 2024 15:50 IST

ITR Filing 2024: Income tax return forms 1-6 enabled on e-filing portal! But which one is for you?

ITR Filing 2024: Income tax return forms 1-6 enabled on e-filing portal! Which one is for you?

As there are 6 ITR forms notified by the tax department, taxpayers often wonder which one they need to choose.…

May 10, 2024 15:48 IST

Inheritance Tax: If implemented, who will bear the brunt – HNIs alone or middle-class too?

In India, wealth tax was applicable for the rich assessees whose wealth was more than Rs 30 lakh. The aforesaid…

May 6, 2024 14:26 IST

ITR Filing 2024: Can you download Form 16 for online income tax return filing?

Form 16 makes tax filing easy for salaried individuals as it gives them all the necessary details like salary income…

May 3, 2024 12:06 IST

Income Tax Return Filing 2024: File tax returns without Form 16 before ITR deadline | Here’s how

Though Form 16 makes it easier to file tax return for salaried taxpayers, ITR filing is possible even without Form…

May 2, 2024 11:45 IST

How can Form 15G & Form 15H save TDS on interest income?

Form 15G and Form 15H are self declaration forms that individual taxpayers submit to tax deductors in order to request…

May 2, 2024 09:30 IST

How to avail tax benefits on second home loan

Taking a second home loan and leveraging tax benefits can be a strategic move in personal finance, but it requires…

April 30, 2024 16:39 IST

Income Tax Return: All ITR forms enabled for online, offline tax return filing but you should wait until…

ITR Forms 1, 2, 4, and 6 were enabled on the tax department’s e-filing portal earlier this month. Excel utilities…

Updated: April 30, 2024 12:10 IST

Income-Tax Return: Big relief for tax deductors! Here's all taxpayers need to know about PAN-Aadhaar non-linkage

Income-Tax Return: Big relief for tax deductors! All taxpayers need to know about PAN-Aadhaar non-linkage

The CBDT, which comes under the finance ministry, said that several grievances have been received from the taxpayers that they…

April 29, 2024 16:42 IST

Old Tax Regime: Tax-saving secrets! These 7 salary components to help you save more on taxes

Old Tax Regime: Tax-saving tips! These 7 salary components to help you save more on taxes

There are some common salary elements like basic pay, HRA and conveyance that almost all companies have in their employees’…

April 26, 2024 16:23 IST

New vs Old Tax Regime: How is one taxed under the New Regime and how to make a switch between the two regimes?

In case any employee has failed to specify their choice of the tax regime, can the concessional/ new tax regime…

April 26, 2024 11:16 IST

Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?

Transitioning from the old tax regime to the new one primarily hinges on key factors such as income level, potential…

April 25, 2024 09:30 IST

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India’s outbound FDI moderates to $4.41 billion in September; equity commitments surge

Economy2 hr ago

India’s outward foreign direct investment decreased to $4.41 billion in September, with equity commitments seeing a significant rise. Loan-based FDI and guarantees extended to overseas subsidiaries dropped, while outbound flows jumped from $2.59 billion in August. Major outbound deals in September included investments in Luxembourg, the Netherlands, and the UK.

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