हिन्दी मराठी বাংলা தமிழ் മലയാളം ગુજરાતી తెలుగు ಕನ್ನಡ ਪੰਜਾਬੀ

Income Tax

Tax Collection at Source Raised To 20% Under LRS Scheme: What It Means for Students Studying Abroad

Let’s delve into the implications of the new TCS rule on students who are currently pursuing or planning to pursue education in foreign universities and schools.

Jun 02, 2023, 18:07 PM IST

9 Years Of Narendra Modi's Government: Major Changes In Income Tax Rules

Here are some significant adjustments to the income tax laws made during PM Narendra Modi's nine-year tenure.

May 30, 2023, 23:44 PM IST

Tax Implications for Indians Receiving Gifts From NRIs

Individuals need to pay taxes on gifts received from NRIs if the total value of the gift is more than Rs 50,000.

May 26, 2023, 15:10 PM IST

What You Need to Know About NRI Gift Tax in India

Individuals need to pay taxes on gifts received from NRIs if the total value of the gift is more than Rs 50,000.

May 26, 2023, 14:54 PM IST

Tax Exemption Limit For Leave Encashment For Salaried Employees Hiked To Rs 25 Lakh

So far, the tax exemption on leave encashment for non-government employees was Rs 3 lakh which was fixed in 2002, when the highest basic pay in the government was Rs 30,000 per month.

May 26, 2023, 08:29 AM IST

I-T Dept To Soon Notify Modified Valuation Rules, Investor Classes For Taxing Foreign Investments In Unlisted Cos

FEMA regulations mandate that issue of a capital instrument by an Indian company shall not happen at any value less than Fair Market Value computed as per FEMA laws.

Apr 27, 2023, 20:19 PM IST

New vs Old Income Tax Regime: Why Taxpayers Must Choose Regime In April

The tax system cannot be altered during the fiscal year after it has been finalised.

Apr 14, 2023, 10:26 AM IST

I-T Dept Notifies CII To Compute Gains Arising Out Of Sale Of Capital Assets

Cost Inflation Index (CII) is used by taxpayers to calculate long-term capital gains arising out of sale of capital assets after adjusting inflation.

Apr 11, 2023, 15:33 PM IST

10 Income Tax Rules Coming Into Effect From 1 April 2023

New provisions regarding the income tax rules are going to govern us from 1st April 2023.

Mar 27, 2023, 12:45 PM IST

New Mobile Application For Taxpayers Launched, Know Benefits And How To Use The App

Taxpayers can use the AIS mobile app to view their information related to TDS/TCS, interest, dividends, share transactions, tax payments, Income Tax refunds, and Other Information.

Mar 23, 2023, 08:29 AM IST

Good News For Taxpayers: I-T Dept Launches App To View TDS, Interest, Dividend Income Info

Taxpayers can use the mobile app to view their information related to TDS/TCS, interest, dividends, share transactions, tax payments, Income Tax refunds, other information (GST Data, Foreign Remittances, etc.) as available in AIS/TIS.

Mar 22, 2023, 21:12 PM IST

Advanced Tax Payment Deadline: Taxpayers To Pay Last Instalment By March 15; What Is It and Who Is Eligible?

A tax payer who wishes to pay his/her income tax in instalments and advance than lump-sum payment at the year-end can opt Advanced Tax option. It was also known as earn tax and is paid in instalments as per the due dates decided by the income tax deparment.

Mar 15, 2023, 14:38 PM IST