There are several rules and provisions for capital losses under the Income Tax Act. As a result, taxpayers should be…
International Women’s Day 2023 | Income Tax Saving Guide for Salaried Women Employees in 2023: Tax saving rules and options…
If the gain on sale of real estate is long term, then both long-term and short-term capital loss on sale…
The last date for making tax-saving investments for FY 2022-23 is near. Know how NPS helps taxpayers
The proposed regime does not seek to extend the concessional tax rates to debt repayment distributions.
Union Budget 2023 has made the New Tax Regime attractive by providing taxpayers with an opportunity to claim some deductions.
Section 115BAC Income Tax Calculator as per Finance Bill 2023 by CBDT: The Income Tax Department has released a tax…
Capital gain derived from sale of listed equity shares, units of equity-oriented mutual fund held for a period more than…
In Budget 2023, the finance minister extended the option of presumptive taxation scheme to those professionals with gross receipts of…
ITR filing Last Date/Due Date for AY 2023-24: For income made in FY 2022-23, the last date to file an…
New ITR forms for AY 2023-24: The Income Tax Department has notified Income Tax Return forms (ITR 1-6) and Income…
A separate schedule for virtual digital assets has been provided that requires details like date of acquisition, date of transfer…
New ITR forms for AY 2023-24: New Income Tax Return (ITR) filing forms for individuals and businesses for AY 2023-24…
Income Tax Return Data 2023: There were over 4.1 crore individual taxpayers who reported an income of up to Rs…
Senior Citizen Income Tax Calculator 2023-24 for Rs 10 lakh income: Senior Citizens can calculate their tax liability for Assessment…
As against the general expectation that a level playing field would be given to domestic investors by repealing ‘Angel tax’,…
It would be better to phase out some of the deductions/exemptions from the old regime, rather than introducing similar deductions/exemptions…
By default, income tax of taxpayer will be calculated as per the new tax regime