Taxation: Latest News and Updates, Top Stories, Videos, Photos About Taxation

Navigating Investment Landscape: Here Are Some Dos And Don’ts To Grow Finances And Wealth In 2024

The year 2023 proved to be a rollercoaster ride for investors, marked by unexpected policy changes, market swings, and opportunities across various asset classes. As we step into 2024, it's crucial for investors to reassess their strategies and position themselves wisely. ...

CBDT Releases New ITR Forms And Key Changes For 2024-25; Find Details Here

The Central Board of Direct Taxes (CBDT) has released the Income Tax Return (ITR) Forms 1 and 4 for the Assessment Year 2024-25 earlier than the usual schedule. This early release not only bucks the trend of February or March launches ...

Navigating The Tax Implications of Out-of-Court Settlements

In the realm of legal resolutions, out-of-court settlements stand as a beacon of swifter dispute closure, steering clear of the arduous terrain of courtroom battles. Yet, beneath the surface of these agreements lie intricate tax implications that demand a discerning eye. ...

How To File Advance Tax By The Deadline Of December 15? Here’s A Step-by-step Guide

As the clock ticks down to December 15, taxpayers are reminded that the deadline for paying the third instalment of advance tax is just around the corner. This obligation, often overlooked by salaried individuals relying on TDS, is a mandatory requirement ...

Income Tax Refund Update: Delays Cleared, Taxpayers To Get Pending Refunds By January 31, 2024

The Income Tax department has addressed long-standing glitches and issues affecting the processing of income tax returns (ITRs) for the financial years 2017-18, 2018-19, and 2019-20. Taxpayers awaiting their refunds for these years can expect the funds to be credited to ...

Navigating Wedding Gifts And Taxes: Here Is A Hitch-Free Guide For The Gifted

As the joyous wedding season approaches, the exchange of gifts takes centre stage in celebrations. Amid the festivity, it is essential to unravel the intricacies of gift taxation to ensure a seamless union of love and financial awareness. Let's delve into ...

GST Conundrum: The Gangajal Tax Debate and Other Baffling Classifications

A recent controversy surrounding the taxation of 'gangajal' under the Goods and Services Tax (GST) has thrown a spotlight on the complex classification structure within the GST regime. While political parties and the Finance Ministry engage in a heated debate over ...

Fixed Deposit Taxation: How Much FD Interest is Tax-Free

In India, bank fixed deposits (FDs) are very popular as they offer a fixed rate of interest higher than savings accounts and are generally less risky than stocks and bonds. However, it is important to understand the taxation laws around bank ...

7 Stocks That Have Declared Dividend Upto 800%

Along with the quarterly results companies share dividend details for investors to know about the gains from holding a stock. These 7 stocks have declared dividends as high as upto 800%. Here's the list of stocks Company Name ...

Leave Encashment- Taxation and Exemptions

As a salaried employee, you are entitled to various types of leave, such as sick leave, casual leave, annual or earned leave, and so on. Several companies allow employees to carry forward their accumulated leaves, which can be encashed at the ...

EAC-PM Chairman Debroy Suggests, Single Rate GST, Exemption-Less Taxation

Economic Advisory Council to the Prime Minister (EAC-PM)Chairman Bibek Debroy on Monday said India should have a single rate GST and taxation regime devoid of exemptions. He said the tax collection of the Centre and states combined is just 15 per ...

Smart Tips And Ways You Can Save Tax By Investing In Your Child's Name

Investing now to save for your child's higher education and other future expenses is always a good idea. But, did you know you can also save tax by investing in your child's name? There are a number of ways, including a ...

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