Income Tax Changes
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Old vs New Income Tax Regime: These Rules Can Help You Save Over Rs 1 Lakh
New Income Tax Rules: In the last few years, many taxpayers have moved to the new regime as it offers lower tax rates and less paperwork. But there's a trade-off.
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Income Tax Department Enables Online Filing Of ITR Form Number 3
The Income Tax Department informed that it has enabled online filing of the ITR form number 3. Taxpayers who have business income, income from share trading, or even investments in unlisted shares can now file ITR-3 through the e-filing ITR portal.
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UP Juice Seller Shocked After Allegedly Receiving Rs 7 Crore Income Tax Notice
A middle-aged juice seller, who runs a small kiosk at the district court compound here, was left in shock after allegedly receiving an income tax notice seeking an outstanding payment of Rs 7.79 crore.
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Proposal Of Zero Tax Up To Rs 12 Lakh Per Year Visionary Step: Odisha Chief Minister
Odisha Chief Minister Mohan Charan Majhi on Saturday said the "zero income tax" up to Rs 12 lakh per annum, as proposed in the Union Budget 2025-26, is a visionary step and will empower citizens and strengthen the economy.
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No Income Tax Up To Rs 12 Lakh: Internet Flags Questions, Confusion
Finance Minister Nirmala Sitharaman announced revised tax slabs and rates under the new regime to reduce the burden for all taxpayers.
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What Is Direct Tax Code And How It Is Different From Income Tax Act, 1961
A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon.
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Income Tax: Know About The Rules Coming Into Effect From April 1
The new tax regime will have none of the usual exemptions on insurance premium, mutual funds and other such investments.
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Economy "Fastest", Monsoon Good, Crude Down: Government Hopes To Cut Price-Rise Now, Say Sources
The government also intends to eventually "do away with income tax exemptions" and "look at ways to strengthen the system", say sources
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10 Key Changes In Income Tax Rules That Came Into Effect From April 1
In Budget 2018, among the other income tax changes proposed, a standard deduction of Rs 40,000 for the salaried class was introduced.
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What Does Budget Give the Middle Class? Here's What Arun Jaitley Said
Finance Minister Arun Jaitley had made a rare reference to the middle class in his budget speech and counted the contribution of the salaried class to the governments tax revenues. -The lower and middle class have been the focus of our Government during the last three years,- he told parliament today.
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For Tax Raids, Reason Need Not Be Revealed After Retrospective Change To Law
Tax raids based on an unsubstantiated rumour or suspicion is legit after the government has made changes to law retrospectively, going back on its own promise not to do so.
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Budget 2017-18: Finance Minister Arun Jaitley Cuts Income Tax Rates To Soften Notes Ban Blow
Finance Minister Arun Jaitley today halved the rate of income tax in his budget, promising to increase spending on the poor. Mr Jaitley also strongly defended the notes ban, assuring that its impact on the economy would not spill over to the next year.
-
Old vs New Income Tax Regime: These Rules Can Help You Save Over Rs 1 Lakh
New Income Tax Rules: In the last few years, many taxpayers have moved to the new regime as it offers lower tax rates and less paperwork. But there's a trade-off.
-
Income Tax Department Enables Online Filing Of ITR Form Number 3
The Income Tax Department informed that it has enabled online filing of the ITR form number 3. Taxpayers who have business income, income from share trading, or even investments in unlisted shares can now file ITR-3 through the e-filing ITR portal.
-
UP Juice Seller Shocked After Allegedly Receiving Rs 7 Crore Income Tax Notice
A middle-aged juice seller, who runs a small kiosk at the district court compound here, was left in shock after allegedly receiving an income tax notice seeking an outstanding payment of Rs 7.79 crore.
-
Proposal Of Zero Tax Up To Rs 12 Lakh Per Year Visionary Step: Odisha Chief Minister
Odisha Chief Minister Mohan Charan Majhi on Saturday said the "zero income tax" up to Rs 12 lakh per annum, as proposed in the Union Budget 2025-26, is a visionary step and will empower citizens and strengthen the economy.
-
No Income Tax Up To Rs 12 Lakh: Internet Flags Questions, Confusion
Finance Minister Nirmala Sitharaman announced revised tax slabs and rates under the new regime to reduce the burden for all taxpayers.
-
What Is Direct Tax Code And How It Is Different From Income Tax Act, 1961
A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon.
-
Income Tax: Know About The Rules Coming Into Effect From April 1
The new tax regime will have none of the usual exemptions on insurance premium, mutual funds and other such investments.
-
Economy "Fastest", Monsoon Good, Crude Down: Government Hopes To Cut Price-Rise Now, Say Sources
The government also intends to eventually "do away with income tax exemptions" and "look at ways to strengthen the system", say sources
-
10 Key Changes In Income Tax Rules That Came Into Effect From April 1
In Budget 2018, among the other income tax changes proposed, a standard deduction of Rs 40,000 for the salaried class was introduced.
-
What Does Budget Give the Middle Class? Here's What Arun Jaitley Said
Finance Minister Arun Jaitley had made a rare reference to the middle class in his budget speech and counted the contribution of the salaried class to the governments tax revenues. -The lower and middle class have been the focus of our Government during the last three years,- he told parliament today.
-
For Tax Raids, Reason Need Not Be Revealed After Retrospective Change To Law
Tax raids based on an unsubstantiated rumour or suspicion is legit after the government has made changes to law retrospectively, going back on its own promise not to do so.
-
Budget 2017-18: Finance Minister Arun Jaitley Cuts Income Tax Rates To Soften Notes Ban Blow
Finance Minister Arun Jaitley today halved the rate of income tax in his budget, promising to increase spending on the poor. Mr Jaitley also strongly defended the notes ban, assuring that its impact on the economy would not spill over to the next year.
