Deductions
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Hidden Charges Killing Tax-Saving Returns? Here's What You Should Know
Many investments come with hidden charges, so it's important to be aware of them and avoid frequent buying and selling.
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From Investment Proofs To Insurance Reviews: Essential Financial Tasks Before March 31
With India's financial year ending on 31 March, experts recommend completing a checklist that includes submitting investment proofs, maximising tax-saving investments, reviewing insurance policies.
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Bengaluru Tenant Claims Landlord Deducted Rs 51,000 For Repainting, Calls It "Harassment"
The tenant claims that they were not consulted or shown separate quotations.
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ITR Filing 2025: Freelancers Must Follow These Tax Rules To Avoid Heavy Penalties
Freelancers in India must understand tax rules like TDS, GST, and ITR filing to avoid penalties and legal trouble. Awareness of these rules ensures financial safety and builds credibility in the professional world.
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Australian Taxation Office Issues 2025 Tax Return Guidelines
More than than 15 million Australians will file tax returns in 2025. The Australian Taxation Office urges citizens to lodge accurate tax returns and warns against false claims.
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Budget 2025: What Is Standard Deduction And How It Benefits Taxpayers
With the Union Budget 2025 set to be presented on February 1, Finance Minister Nirmala Sitharaman faces mounting expectations for tax relief as inflation rises and disposable income shrinks.
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Union Budget 2025: Tax Deduction Terms You Should Know Ahead Of Budget
Tax Deductions: A tax deduction is an expense or expenditure that can be subtracted from an individual's or business's total income, resulting in a lower taxable income.
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"Irrational": Petition In Supreme Court Seeks Scrapping Of Tax Deducted At Source (TDS)
A PIL filed in the Supreme Court on Thursday sought to scrap the TDS system calling it "arbitrary and irrational" and violative of various fundamental rights, including equality.
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UK Man Wrongfully Jailed For 17 Years Ordered To Pay Rs 1 Crore For 'Bed And Board' Fees
Malkinson, who spent 17 years wrongfully imprisoned, will see a deduction of 100,000 pounds (Rs 1,06,88,639) from his compensation.
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How To Maximise Your Tax Savings With The New Tax Regime
The Indian tax system for FY 2024-2025 maintains existing income tax slabs, allowing taxpayers to choose between old and new regimes.
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Link PAN With Aadhaar By May 31 To Avoid Double Income Tax Deduction
The income tax department today asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate.
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TDS, TCS Reduced By 25%, Says Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman announced relief for middle classes too today as part of the government's efforts to soften the blow of coronavirus.
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Flipkart Challenges CCI Antitrust Probe, After Amazon
Walmart's Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed, following a similar petition by its rival Amazon.com.
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High Court Seeks Centre's Reply Over Accident Compensation Tax Provision
The Delhi High Court has sought the response of Central Board of Direct Taxes (CBDT) on a plea seeking quashing of the provision mandating tax deduction on the interest received on compensation by a road accident victim.
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Standard Deduction To Raise Tax Outgo Of Some Salaried Individuals. Details Here
Salaried individuals in the highest tax bracket would end up paying more tax since the extra tax on 1% additional cess surpasses the benefit arising out of Rs 40,000 standard deduction
-
Hidden Charges Killing Tax-Saving Returns? Here's What You Should Know
Many investments come with hidden charges, so it's important to be aware of them and avoid frequent buying and selling.
-
From Investment Proofs To Insurance Reviews: Essential Financial Tasks Before March 31
With India's financial year ending on 31 March, experts recommend completing a checklist that includes submitting investment proofs, maximising tax-saving investments, reviewing insurance policies.
-
Bengaluru Tenant Claims Landlord Deducted Rs 51,000 For Repainting, Calls It "Harassment"
The tenant claims that they were not consulted or shown separate quotations.
-
ITR Filing 2025: Freelancers Must Follow These Tax Rules To Avoid Heavy Penalties
Freelancers in India must understand tax rules like TDS, GST, and ITR filing to avoid penalties and legal trouble. Awareness of these rules ensures financial safety and builds credibility in the professional world.
-
Australian Taxation Office Issues 2025 Tax Return Guidelines
More than than 15 million Australians will file tax returns in 2025. The Australian Taxation Office urges citizens to lodge accurate tax returns and warns against false claims.
-
Budget 2025: What Is Standard Deduction And How It Benefits Taxpayers
With the Union Budget 2025 set to be presented on February 1, Finance Minister Nirmala Sitharaman faces mounting expectations for tax relief as inflation rises and disposable income shrinks.
-
Union Budget 2025: Tax Deduction Terms You Should Know Ahead Of Budget
Tax Deductions: A tax deduction is an expense or expenditure that can be subtracted from an individual's or business's total income, resulting in a lower taxable income.
-
"Irrational": Petition In Supreme Court Seeks Scrapping Of Tax Deducted At Source (TDS)
A PIL filed in the Supreme Court on Thursday sought to scrap the TDS system calling it "arbitrary and irrational" and violative of various fundamental rights, including equality.
-
UK Man Wrongfully Jailed For 17 Years Ordered To Pay Rs 1 Crore For 'Bed And Board' Fees
Malkinson, who spent 17 years wrongfully imprisoned, will see a deduction of 100,000 pounds (Rs 1,06,88,639) from his compensation.
-
How To Maximise Your Tax Savings With The New Tax Regime
The Indian tax system for FY 2024-2025 maintains existing income tax slabs, allowing taxpayers to choose between old and new regimes.
-
Link PAN With Aadhaar By May 31 To Avoid Double Income Tax Deduction
The income tax department today asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate.
-
TDS, TCS Reduced By 25%, Says Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman announced relief for middle classes too today as part of the government's efforts to soften the blow of coronavirus.
-
Flipkart Challenges CCI Antitrust Probe, After Amazon
Walmart's Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed, following a similar petition by its rival Amazon.com.
-
High Court Seeks Centre's Reply Over Accident Compensation Tax Provision
The Delhi High Court has sought the response of Central Board of Direct Taxes (CBDT) on a plea seeking quashing of the provision mandating tax deduction on the interest received on compensation by a road accident victim.
-
Standard Deduction To Raise Tax Outgo Of Some Salaried Individuals. Details Here
Salaried individuals in the highest tax bracket would end up paying more tax since the extra tax on 1% additional cess surpasses the benefit arising out of Rs 40,000 standard deduction
