The income-tax portal has been rated the most effective among corporates due to its ease of use and ability to maintain an e-documentation trail.
In Budget 2020, a new section was introduced under the Income-tax Act 1961, effective from FY 2020-21. Section 115BAC or better known as the new tax regime, allows individual taxpayers and Hindu Undivided Families the option...
As per Budget 2022, any income from the transfer of VDA will attract a tax rate of 30 per cent. In addition, no deduction is allowed regarding any expense or allowance while computing such income, except for acquisition...
Choosing the right tax regime can be confusing, especially if you have a home loan. Therefore, it's important to evaluate all options carefully to maximize tax savings.
The Income Tax Department has launched an online calculator that helps users compare benefits under new and old tax regimes
Union Finance Minister Nirmala Sitharaman has proposed to increase the taxable threshold from Rs 2.5 lakh to Rs 3 lakh for taxpayers opting for the new tax regime (NTR); the rates are also simplified with fewer income...
When filing your income tax returns (ITR) under the old tax regime, you can deduct a certain percentage of the house rent allowance (HRA) you receive. Here’s how to calculate the amount.
As the government shifts its stance towards the new tax regime, it would be important to understand the difference between the old tax regime and the new tax regime before you choose one
Should you want to switch from the old tax regime to the new, then here’s how you should go about it. Also remember to keep a few things in mind while...
AIMIM chief Asaduddin Owaisi Thursday targeted the Centre over its policies, alleging the BJP government evades accountability on matters of public interest by...
There are no tax restrictions that limit how many properties one may own or how much home loan benefit one can receive. But Section 80C benefit under home...
As per the EY report, the market size and estimated growth numbers hint a steady growth trend wherein global online gaming revenue is estimated to grow from...
