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Income tax: Is exemption from capital gains available for investment in a plot of land or commercial...
Livemint· 4 days agoExemption from capital gains on the sale of any asset can be claimed only if the asset sold is a...
Less taxing regime
Financial Express· 4 days agoGiven the widening inequality between the rich and poor, the government should consider giving lower-income households a tax break. The basic exemption...
Market players batting for higher exemptions, tax rationalisation in Budget
Financial Express· 5 days agoWith small retail investors continuing to flock to the equities in a big way, traders and market...
Tax FAQs for NRIs: Schedule AL, India-Germany DTAA decoded | Mint
Livemint· 5 days agoAs a non-resident Indian (NRI) with capital gains of around ₹1 crore, do I need to file Schedule AL...
ITR filing: Credit card and forex spend reported separately by banks in AIS, know the impact and...
The Economic Times· 5 days agoIt's important for every taxpayer to ensure that all relevant financial transactions carried out...
Budget 2024: Raise standard deduction limit and more, what's in store? | Business Insider India
Business Insider India· 5 days agoWish 1: Raise the standard deduction to Rs 1 lakhA standard deduction is a fixed amount that you can deduct from your taxable income right away, to reduce your overall tax liability. in new ...
ITR filing: Which ITR form should senior citizens, super senior citizens choose to file their tax...
Business Today· 5 days agoITR filing: Senior citizens (60 to below 80) have a basic exemption limit of Rs 3 lakh. For super...
Capital gain taxation in Budget 2024: Income tax rate parity, uniform holding period for long-term ...
The Economic Times· 5 days agoThe gains arising from transfer of capital assets is taxed under the head of income ‘capital gains’. The present provisions in relation to determination ...
Income tax deadline looms: Know your ITR forms to avoid penalties
Livemint· 5 days agoIn such cases, a revised return with the correct details can be submitted by 31 December to avoid income tax notices or penalties. Failure to submit the ITR form on or before the deadline can ...
Budget 2024: Fintechs seek regulatory clarity, improved licensing, tax reforms
Livemint· 5 days agoRaj Narayanam, founder of Zaggle Prepaid Ocean Services Ltd, stated that a well-defined regulatory...