Gokul Chaudhri, President, Tax, Deloitte India says one of the things about tax certainty is also tax predictability
Interestingly, 62% of respondents in the 18-30 age group preferred the old tax regime citing long-term investments as the reason for this
Whether it is one house or more deduction under Section 80C for repayment of principal amount is restricted to Rs 1.50 lakh every year for all the home loans taken together
HRA benefit is calculated for the period for which the rent is actually paid and not for the year as a whole
If you miss the final deadline of December 31, a penalty can be imposed and interest levied
It is that time of the financial year when your employer will seek investment and expenditure proof
Here are five tax-saving strategies that can help you before you file your returns for FY24
The discard option can be used repeatedly, provided the ITR status remains unverified or pending verification
The income of a consultant is taxed under the head “Profits and gains of Business or Profession”
If tax savings limit under Section 80C has been exhausted, taxpayers can still explore Section 80D that deals with health insurance premia
While income tax generally applies to gold investments, certain sections of the I-T Act provide exemptions
Beginning October 1, TCS of 5 per cent is applicable on foreign travel for amounts up to Rs 7 lakh, and 20 per cent for sums exceeding that threshold
In this edition of Ask Money Today, read about the tax treatment of debt mutual fund investments
TDS is deducted at the time of actual payment of salary and not during the accrual of salary
Tax collected at source on foreign travel: All you need to know about TCS, penalties on late, incorrect filing
According to a report, All these intimation notices were sent for the tax returns filed for the assessment year 2023-24, and all the notices were sent in the last 15 days.
From advance tax to depositing TDS and TCS, avoid these important deadlines at your own peril
Contrary to popular belief, the tax department allows taxpayers to revise their tax returns after receiving a tax notice
A common reason for not receiving refunds promptly is incorrect or incomplete information in the ITR form
Notice Mitra leverages a robust algorithm to scrutinise taxpayers’ data, providing insights into the potential causes behind a notice
Yeeshu Sehgal, Head of Tax Market at AKM Global, talks to BT about the taxability of non-unit-linked life insurance policies
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