Income Tax News: Income Tax News Today, Indian Income Tax News, World Income Tax News Today

bank Fixed Deposits, tax benefits, Post Office schemes, rate of interest, PPF, NSC

Better than bank Fixed Deposits! Here are 5 Post Office schemes with higher returns, tax benefits

Union Budget 2022: Tax relief tops individual taxpayers Budget wish list

A majority of the respondents believe that personal taxation requires the most reforms in the upcoming budget.

By Sanjeev Sinha

Updated: January 27, 2022 7:28 pm

Budget expectations 2022, Budget 2022, Union Budget 2022-23, income tax, new income tax regime, income tax rate, income tax slabs, tax exemptions, tax-saving investments, Income Tax Act, tax net

Budget Expectations 2022: Focus should be on a simplified direct tax regime

A sound tax policy should be guided by principles that are equitable and further the long-term economic growth and development…

Updated: January 28, 2022 8:26 pm

The long-term capital gains arising on transfer of immovable property are taxed at 20%.

Your queries (Income Tax): Use ITR Form 2 to file tax on capital gains on sale of property

Discharge tax liability by payment through an authorised bank or through the internet by availing e-Tax payment facility.

Updated: January 25, 2022 9:50 pm

Leave Travel Allowance: Why is there a need to revisit LTA provisions?

It may also be prudent for the government to consider including expenditure towards overseas travel as well for claiming LTA…

Updated: January 25, 2022 1:03 pm

Budget 2022: Make provisions to give a boost to saving, investment and housing

There are several expectations from the Budget 2022 but here is the list of the expected announcements from the personal…

By Adhil Shetty

Updated: January 25, 2022 11:33 am

The CBDT vide Finance Act, 2013 brought about an amendment that trading in derivatives is not to be considered as a speculative transaction.

Tax Talk: Clarity on tax for new age investments needed

The government also needs to decide that if income from cryptos is treated as business income, whether it should be…

Updated: January 24, 2022 11:40 pm

The move was made after it was found that ULIPs were being preferred by investors for investment purposes as compared to insurance. (File)

Taxation of ULIP proceeds to create ‘level-playing field’ with MFs, says Income Tax Department

I-T sources said the rules and guidelines were notified by the CBDT to give effect to the announcement made with…

By PTI

Updated: January 24, 2022 9:38 pm

Budget 2022, Union Budget 2022-23, budget expectations, long term capital gain, equity, equity-oriented mutual fund, MF, unit linked insurance policy, ULIP, income tax, capital gain tax, AMFI

Budget Expectations 2022: Give capital gains from MFs same tax benefits as given to ULIPs

LTCG arising out of the sale of listed equity shares and units of equity-oriented MF schemes are now taxed at…

By Amitava Chakrabarty

January 20, 2022 10:59 pm

How Budget 2022 could provide tax relief to employees working from home

A specific provision in the income tax laws along with the full deduction or at least a reasonable deduction for…

Updated: January 20, 2022 10:27 am

The scheme also provides that all communications between the taxpayer/ income tax authorities and the Board for Advance Rulings will take place in electronic mode.

FinMin notifies e-advance ruling scheme, allows filing e-mail application

The advance ruling mechanism is provided in the Income Tax Act to provide upfront clarity to non-residents and certain other…

By PTI

Updated: January 19, 2022 5:29 pm

lic, life insurance budget 2022 expectations

LIC, other life insurance policyholder? Deduction beyond Rs 1.5 lakh under Section 80C expected from Budget

Budget 2022 expectations for Life Insurance Policyholders: Life Insurance policyholders have huge expectations from the upcoming Budget 2022

By Rajeev Kumar

Updated: January 19, 2022 3:44 pm

If the taxpayer opts for taxation on ‘accrual basis’, then the interest income shall be offered to tax on yearly basis.

YOUR QUERIES: INCOME TAX : Tax relief on job loss compensation if you have worked for at least 3 years

The Income Tax Act provides for taxation of income from other sources including interest income either on cash or accrual…

Updated: January 18, 2022 8:57 pm

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Apple share price, returns, earnings, sales, revenue, Apple Watch, Apple TV, AirPods, Beats headphones,

Apple posts highest-ever quarterly earnings with record $123.9 billion in sales

ETF for US market, S&P 500 ETF, Nasdaq 100 ETF, stocks to buy from India, tesla share

Which ETFs to buy for investing in S&P 500 and Nasdaq 100 indices?

global markets, U.S. yields, Fed's recent statement, Powell, interest rates, equities

What’s next for global markets after Fed’s recent statement

Federal Reserve policy, hike in interest rates, Top 25 global banks, global fund managers, stocks, market capitalisation

Top 25 global banks show stability at $3.9 trillion in market values in Q4 2021: GlobalData

U.S. stock market, Fed Hike Cycles, S&P 500, returns, investors, risk, inflation

This is how U.S. stock market has fared historically when Fed begins tightening rates

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