Page 29 of Taxation

How to claim tax deductions on donations made by individual taxpayers

Section 80G of the Income Tax Act, 1961 provides for deductions on account of donations made to various funds, charitable…

January 25, 2024 13:13 IST

Exchange Traded Fund: How are ETFs taxed in India?

ETFs are similar to mutual funds but belong to a separate category, marked by distinct differences within the overall mutual…

January 23, 2024 15:00 IST

Budget 2024, interim Budget, taxation, Budget expectations, pension, insurance, retirement years, mutual funds, ULIP, Finance Bill, crypto currency regulation

Budget 2024 Expectations: How can Budget bring parity in taxation? Here are likely changes

Being an interim Budget, while it is said to have no major announcements as it is coinciding with the general…

January 22, 2024 10:57 IST

Budget 2024, interim budget, Budget expectations, direct tax, indirect tax, tax collection, personal tax, corporate tax, taxpayers, startups, angel tax

What salaried taxpayers can expect from Budget 2024

As we get closer to the unveiling of Budget 2024, let’s take a look at some of the salaried taxpayer’s…

January 19, 2024 13:05 IST

Why the New Tax Regime has not gained full acceptance among individual taxpayers

Old vs New Tax Regime: A Policy Conundrum

While the New Tax Regime was portrayed as beneficial for individual taxpayers because of reduced slab rates, it has not…

January 19, 2024 12:32 IST

How are cryptocurrencies taxed in India?

It is pertinent to note that the loss incurred from any Virtual Digital Asset would not be allowed to be…

January 18, 2024 16:58 IST

How to save money on income tax to be on a firm footing in 2024

Here a few tax saving alternatives which can be used by individuals in order to optimize their taxes and enjoy…

January 14, 2024 13:11 IST

Global fair taxation – Synergy of tax systems.

Understanding the generic patterns of tax systems in different large and small economies can provide insights into the critical characteristics…

Updated: January 13, 2024 16:05 IST

What are the changes in the New Income Tax Return forms for FY2023-24?

Taxpayers filing ITR-1 will be required to indicate their choice of the tax regime in the return of income, and…

January 11, 2024 09:00 IST

What individual taxpayers can expect from Budget 2024

The Budget presented by the government on 1st February 2024 would be a ‘vote on account’. While no major announcements…

January 8, 2024 14:38 IST

Best tax-saving investment options for FY2023-24

Where and how to invest in 2024 to save more tax & accumulate wealth

This is the last chance to save tax for the current financial year 2023-24 as salaried individuals are required to…

January 8, 2024 08:29 IST

Budget 2024: What to expect on the personal taxation front?

The interim budget being the sixth consecutive Budget of Hon’ble Finance Minister Smt. Nirmala Sitaraman, cannot have major schemes in…

January 4, 2024 12:05 IST

How can deduction for multi-year health insurance premium be availed for 80D tax benefit?

In case the premium for health insurance for more than a year has been paid in one year, the deduction…

January 4, 2024 09:30 IST

Transforming taxation: An overhaul of existing system is essential to become a developed nation by 2047

It is recognised that the increasing digitisation of the economy and of tax administration has already laid a great foundation…

January 4, 2024 03:30 IST

Income Tax Returns for FY 2022-23 deadline ends today! Here’s your guide on how to file belated ITR

Section 234F imposes a penalty of ₹5,000 or ₹1,000 for small taxpayers, and Section 234A incurs a monthly penal interest…

December 31, 2023 15:02 IST

income tax, income tax return, income tax filing, income tax itr filing, itr filing, itr, itr filing steps, how to file itr, ay fy full form

File your ITR for AY 2022-23 by December 31, I-T Department’s final warning

It’s important to note that there is no separate form for belated ITR; the taxpayer must use the forms notified…

Updated: December 29, 2023 15:23 IST

What are the tax implications of unlisted shares?

Gains from unlisted shares would be required to be categorized as long term or short term based on their period…

December 28, 2023 09:30 IST

ITR Filing Deadline On December 31: Here’s how much penalty you will have to pay for belated returns

Don’t forget to mark December 31, 2023, on your calendar and avoid the last-minute rush by following these simple steps.

Updated: December 27, 2023 14:54 IST

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