3 Changes In GST Return Filing Rules From Sep 1 You Shouldn’t Miss
Know the changes in the GST return filing procedures, effective September 2024.
How Senior Citizens Can Reduce Tax On Their Pension Income
During the sunset phase of your life, you need not lose out on money. Here are suggestions that could help you overcome any such issue
Capital Gains Account Scheme (CGAS): How Does It Work And When Is It Used?
CGAS simplifies managing and deferring your capital gains tax through designated deposits.
Direct Tax Laws To Be Simplified: Here Are Key Things To Know
The review may also attempt to balance the new and old tax regimes and potentially aim for a unified tax regime for individual taxpayers.
How To Track Short-Term Capital Gain, Intraday Income For Tax Purposes
Investors who frequently trades in stocks should use this method to get details of tax liabilities for ITR
FM Calls For Simplifying Tax Law, Says India May See New Income Tax Act In 6 Months
CBDT Chairman Ravi Agrawal assured that the task of reviewing the Income Tax Act of 1961 would be completed in the given timeframe of six months.
When Can Pensioners Avoid The TDS Burden? What You Need To Know
In India, pension forms a part of the income. However, the tax application varies based on the type of pensionyou receive.
Change In Rules On Capital Gain Tax, Where Should Seniors Invest Now?
Senior citizens can’t afford to make big changes in their retirement investments as it may result in undesired outcomes. However, it becomes crucial for them to adjust their investments in sync with the changes announced in the budget.
How To Claim Tax Refund If You Have Missed The July 31 ITR Deadline
The income tax department processes a tax refund claim after the taxpayer e-verifies the ITR. Depending on the case's complexity, this typically takes four to five weeks.
Tax Clearance Certificate Is Mandatory For NRIs Leaving Country From Oct 1: Learn More
An income tax clearance certificate (ITCC) is issued by the state revenue department to certify that the individual has cleared the tax dues, if any.
Received An Income Tax Notice After Filing Your ITR? Here’s What You Should Do
If you have received an income tax notice, there is no reason to panic. Carefully read the reasons for the notification, and respond appropriately.
Indexation Benefit Is Available For Properties Bought Before July 23, 2024: Learn How It Reduces Tax Liability On LTCG
The tax incidence of Long-Term Capital Gain (LTCG) depends on factors such as the property’s capital appreciation during the holding period and the acquisition cost of the asset.
Is Govt Exploring ‘Grandfathering Rule’ To Ease Short-Term Pain Due To Indexation Benefit Removal?
Union Finance Minister Nirmala Sitharaman announced removing the indexation benefit from long-term capital gain (LTCG) in Budget 2024-25, which has generated concerns in certain quarters.
