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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Budget 2017: Lower Tax Rates To Encourage Income Disclosures
The personal tax rate will be halved to 5 percent on incomes between 250,001 rupees ($3,697) and 500,000 rupees, Finance Minister Arun Jaitley said Wednesday in New Delhi, while announcing the budget for the year starting April 1.
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Tax Gift For "Great Indian Middle Class" As Government Preps For Polls
A full tax rebate to individuals with income up to Rs 5 lakh in a year has been proposed in Budget 2019. Besides, a raise in standard deduction limit - wherein employees and pensioners are given a flat relief from taxable income - from Rs 40,000 in a year to Rs 50,000 has also been proposed.
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From Income Tax Rules To New GST E-Way Bill; Changes That Came Into Effect From April 1
State Bank of India (SBI) is now charging less for non-maintenance of average monthly balance (AMB) on savings accounts.
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From Income Tax Rules To New GST E-Way Bill; Changes That Came Into Effect From April 1
State Bank of India (SBI) is now charging less for non-maintenance of average monthly balance (AMB) on savings accounts.
-
Seven Income Tax Rules That Will Come Into Effect From Today
Major dampener in the budget 2018-19 was the re-introduction of long term capital gains (LTCG) tax on equities
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Union Budget 2017: Here Are The Changes In Income Tax Rules. You Can Save Rs 12,500
The finance minister said that the existing rebate of Rs 5,000 available on income up to Rs 5 lakh has been reduced to Rs Rs 2,500 and will be applicable to assessees up to income of Rs 3.5 lakh.
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Union Budget 2017: Post-Notes Ban, Salaried People Correctly Expected Tax Cut, Says Arun Jaitley
The finance minister promised to increase government funding for farmers, who have been hard hit by the currency ban, with a 60-day waiver on interest for agricultural loans.
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Budget 2017 To Strengthen Economy From Grass Roots: India Inc
While welcoming reduction in income tax for smaller firms to 25 per cent, a section of India Inc ruled that larger firms did not get relief in the form of lower corporate tax.
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New TDS Rule From July 1 To Affect Doctors, Social Media Influencers: All You Need To Know
The Union Budget had brought in the provision of TDS to check tax revenue leakage by inserting a new section, 194R, in the Income Tax Act, 1961.
-
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.
-
Budget 2017: Lower Tax Rates To Encourage Income Disclosures
The personal tax rate will be halved to 5 percent on incomes between 250,001 rupees ($3,697) and 500,000 rupees, Finance Minister Arun Jaitley said Wednesday in New Delhi, while announcing the budget for the year starting April 1.
-
Tax Gift For "Great Indian Middle Class" As Government Preps For Polls
A full tax rebate to individuals with income up to Rs 5 lakh in a year has been proposed in Budget 2019. Besides, a raise in standard deduction limit - wherein employees and pensioners are given a flat relief from taxable income - from Rs 40,000 in a year to Rs 50,000 has also been proposed.
-
From Income Tax Rules To New GST E-Way Bill; Changes That Came Into Effect From April 1
State Bank of India (SBI) is now charging less for non-maintenance of average monthly balance (AMB) on savings accounts.
-
From Income Tax Rules To New GST E-Way Bill; Changes That Came Into Effect From April 1
State Bank of India (SBI) is now charging less for non-maintenance of average monthly balance (AMB) on savings accounts.
-
Seven Income Tax Rules That Will Come Into Effect From Today
Major dampener in the budget 2018-19 was the re-introduction of long term capital gains (LTCG) tax on equities
-
Union Budget 2017: Here Are The Changes In Income Tax Rules. You Can Save Rs 12,500
The finance minister said that the existing rebate of Rs 5,000 available on income up to Rs 5 lakh has been reduced to Rs Rs 2,500 and will be applicable to assessees up to income of Rs 3.5 lakh.
-
Union Budget 2017: Post-Notes Ban, Salaried People Correctly Expected Tax Cut, Says Arun Jaitley
The finance minister promised to increase government funding for farmers, who have been hard hit by the currency ban, with a 60-day waiver on interest for agricultural loans.
-
Budget 2017 To Strengthen Economy From Grass Roots: India Inc
While welcoming reduction in income tax for smaller firms to 25 per cent, a section of India Inc ruled that larger firms did not get relief in the form of lower corporate tax.
-
New TDS Rule From July 1 To Affect Doctors, Social Media Influencers: All You Need To Know
The Union Budget had brought in the provision of TDS to check tax revenue leakage by inserting a new section, 194R, in the Income Tax Act, 1961.
