Incometax

Baijayant Panda on the new IT bill, The narrative war with Pakistan and Bihar elections.

Can you get jailed for not filing your I-T Returns? Here’s what can happen if you don't file your ITR

Filing your ITR is mandatory unless your income is below the threshold limit of 2.5 lakh for FY23-24. Failing to file your ITR by the stipulated time can lead to not-so-pleasant consequences like Penal Interest, Late Fees & Even Imprisonment. Watch this video to find out who all need to file for ITR and what are the repercussions in case you don't.

ITR filing mistakes: Common errors to avoid while filing income tax return

To avoid committing errors while filing your income tax returns, it's better to start the process as soon as you get access to your Form 16. Here’s a quick guide and a couple of do’s & don'ts that you can heed to

How To save more tax before submitting investment proof? | Investment proof submission | FY 23-24

You must have received a mail this time around from your HR or the financial department regarding the submission of investment proof. But what if you haven't made enough investments? Can you still make the best of the deductions? Watch this video as we explain 5 such ways.

Learn to save income tax on your savings account interest by claiming deductions under 80TTA

It’s that time of the year when you bring out your calculators, Form 16 and investments done, in order to file your income tax returns. Many are unaware that the interest earned from your savings bank account is also taxable under the header ‘Income from other sources’. But you can save up to Rs 10,000 as that is exempt from tax. But how should one claim this benefit? Watch this video to find out.

'Imbecile, childish': Opposition criticises Centre over Income Tax 'survey' at BBC offices

Opposition leaders alleged that the “surveys” were carried out against the backdrop of BBC’s documentary 'India: The Modi Question' that examined Prime Minister Modi’s tenure as the chief minister of Gujarat during the 2002 riots.

Income Tax Return Filing: Which form is right for you?

July 31, 2022 is the last date to file income tax returns for FY22. This year, the ITR forms have a few but significant changes one needs to take note of. In this video, we take a look at the key changes and the form that will suit you best.

Budget 2022 ensures stability and predictability in tax structure: FM Nirmala Sitharaman

"Made sure that no one’s income tax burden was increased," says the finance minister in an exclusive interview to Network18 Editor-in-Chief Rahul Joshi.

I-T refunds worth Rs 15,438 crore issued in 1 month

Of this personal income tax refunds worth Rs 5,047 crore has been issued in over 11.51 lakh cases. Corporate tax refunds of Rs 10,392 crore have been issued to 21,487 taxpayers.

Income tax planning: These last-minute tips will help you save tax

Income Tax Saving: Among several kinds of Mutual Funds you'll find in the market, Equity Linked Saving Scheme (ELSS) is the only kind that offers a deduction under section 80C.

Budget 2019: Rich individuals to be taxed more

The arguments both in favour and against increasing direct tax for this category have come in.

Budget 2014: Acche din for middle class as I-T, home loan ceilings hiked

There is a corresponding rise in the investment limit in the PPF to Rs 1.5 lakh so this area has kept pace with the tax changes making investment here an attractive option.

Online filing of taxes: A time saver

Thanks to technology, the frantic rush for a CA to file the tax return is over for many of us, especially the salaried lot.