Fast Reads Abstract is AI generated, newsroom reviewed. Submitting ITR is essential for salaried worker, enterprise proprietor and freelancer. However do take into account the deadlines for numerous classes of taxpayers. Submitting your ITR on time saves you from late charges, curiosity, and scrutiny notices New Delhi: Submitting your Revenue Tax Return (ITR) is an…
New Delhi: The CBDT has directed income-tax officers to “carefully” monitor high advance tax payers and establish bogus claims of exemptions and deductions as a part of the technique to enhance direct tax collections in the course of the present monetary 12 months. CBDT has instructed IT officers to observe high advance taxpayers to spice…
Ajay Devgn is again on the large display, and this time, he is getting into his highly effective position because the fearless Deputy Commissioner of Revenue Tax as soon as once more. ‘Raid 2’, the much-awaited sequel to the 2018 hit ‘Raid’, lastly launched in cinemas on 1st Could 2025 — and the large query…
ITR Types 2025-26 For Senior Residents: Because the tax submitting season approaches, it is necessary for senior residents and tremendous senior residents to decide on the right Earnings Tax Return (ITR) type to maximise advantages for FY 2024–25. Senior residents, aged 60 and above, get pleasure from a primary exemption restrict of Rs 3 lakh…
US President Donald Trump’s announcement of sweeping tariffs final week, which sparked fears of a world financial slowdown triggered mayhem in Indian markets on Monday with key indices, BSE Sensex and Nifty50, plunging greater than 4%. The autumn in India shares tracked a world selloff triggered by fears of a world commerce struggle intensifying after…
Swiggy Tax Demand Case: On-line meals and grocery supply big Swiggy is in scorching water once more—this time over a contemporary set of tax points linked to the monetary yr 2021-22. In a regulatory submitting on Saturday, the corporate revealed that it has acquired two tax evaluation orders, with the full demand exceeding Rs 165…
Mar 25, 2025 03:44 PM IST The Choose Committee has been mandated to submit its report on the invoice by the primary day of the following session of Parliament. The brand new Revenue Tax Invoice will likely be taken up for dialogue within the monsoon session of Parliament, Finance Minister Nirmala Sitharaman mentioned on Tuesday….
The brand new revenue tax regime will function the revamped tax slabs from April 1, 2025 onwards, with people not requiring to pay any tax if their revenue doesn’t exceed ₹12 lakh. ₹24 lakh.(Pixabay)” title=”Lots of those that use the outdated regime could take into account switching to the brand new one because the Union…
New Delhi: The Revenue Tax (I-T) division has up to date the listing of banks linked to the e-Pay Tax service on the e-Submitting portal. Not too long ago, Tamilnad Mercantile Financial institution (added on March 5, 2025) and IDFC First Financial institution (added on November 27, 2024) joined the listing. Dhanlaxmi Financial institution was…
Projections made by the Union finance ministry within the Union Funds 2025-26 for the monetary yr 2023-24 estimate the income forgone owing to donations to political events is Rs 2,557.15 crore from particular person and Hindu Undivided Households (HUF) donations, and a complete of Rs 3,265.14 crore total. For a similar monetary yr, donations to…
