Income tax
Paisa Wasool 2.0: How to pay ZERO income tax on rental income of Rs 10 lakh
Sun, May 28, 2023
It's tax-filing season and the time when we consult CAs and research ways to save every rupee from the taxman. So, if you're looking for ways to save tax, then here we show you how you can pay no tax for upto Rs 7.5 lakh income under the new tax regime. And if you only receive rental income, then watch this video to know how can pay zero tax even if you earn Rs 10 lakh from rent.
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Prepare to shell more for overseas trips: Credit card spend abroad to come under RBI's remittance scheme
Thu, May 18, 2023
As per the notification, the Finance Ministry in consultation with the RBI, has omitted Rule 7 of the Foreign Exchange Management (Current Account Transactions) Rules, 2000, thus effectively including forex spending through international credit cards under the LRS.
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Income Tax Department raids DMK MLA M.K. Mohan's residence
Mon, Apr 24, 2023
I-T Department raids are underway on Monday at the residence of DMK MLA M.K. Mohan, a close confidant of Tamil Nadu Chief Minister M.K. Stalin. Meanwhile, simultaneous raids are being carried out at the premises of a real estate company alleged to have links with the Chief Minister.
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ITR filing: Can you file ITR without Form 16? Read on to find out
Thu, Apr 13, 2023
How to file ITR without Form 16: The 26AS form provides details of any amount deducted as TDS or TCS from various sources of income for a taxpayer. It reflects advance tax and self-assessment tax details and high-value transactions entered into by the taxpayer.
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Income Tax: What happens if employee fails to pick between new and old tax regime? CBDT notification instructs employers how to deduct tax in such cases
Fri, Apr 07, 2023
Income Tax, Default Tax Regime: Employers will have to take ascent from their employees regarding their choice to opt for new tax regime or the old tax regime.
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ITR filing: Are gifts taxable in India? Salient clauses all income taxpayers must know
Mon, Mar 27, 2023
ITR filing: The taxability of gifts often leaves taxpayers confused since there are various provisions related to the taxability of gifts received by any individual or by those in a Hindu Undivided Family (HUF)
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Hurry! Complete your tax-savings investments before March 31 to reduce tax liability
Thu, Mar 23, 2023
Employers are responsible for calculating their employees' yearly taxable income and proportionately deducting the amount from their monthly salaries in accordance with section 192 of the Act.
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