ITR filing for FY 2023-24: A step-by-step guide to paying income tax using your credit card
Income tax filing: In today’s digital age, using a credit card to pay income tax can provide convenience and can help manage short-term cash flow concerns. Users can also earn rewards for using credit cards which can be redeemed for spends on travel, shopping and gift cards.
ITR Filing 2024 last date: File tax returns before July 31 or face penalties, delay in refunds
ITR Filing Deadline: The due date to file income tax returns for 2023-24 is July 31. Missing this deadline can result in late fees, interest, penalties and delay in refund processing.
MC Analysis: MP, Maharashtra biggest GST gainers in post-Covid period
Share of states’ own tax revenues in overall tax revenues increased to 65.4 percent in the post-Covid period from 62.8% between FY16 and FY17, says RBI study
ITR filing: Know the changes in income tax return forms for FY24
Tax return: In the new ITR forms released earlier this year, the income tax (I-T) department sought additional details around tax deductions such as donations to political parties, disabled dependents’ PAN and Aadhaar if you are availing of deductions under section 80DD, information on high-value policies and so on.
Income tax filing: Check out the 6 key changes new tax regime brings in
ITR filing 2023-2024: In Budget 2023, Finance Minister Nirmala Sitharaman ushered in a host of changes in the new tax regime – higher rebate, increase in basic exemption limit, rejigging of tax slabs and so on.
Economy humming in Q1FY25, shows data
GST mop up 10 percent higher, coal production 10.6 percent higher and manufacturing PMI at 58.2 in the first quarter
GST collections rise nearly 8% YoY to Rs 1.74 lakh crore in June: Sources
The collections totalled Rs 5.57 lakh crore in the first quarter of the year, averaging Rs 1.86 lakh crore per month, said sources
Budget 2024: How much capital gains do other countries levy?
A comparison with capital gains rates worldwide shows that headline Indian capital gains tax rates are invariably lower or comparable to other economies
7 years of GST: A revenue boost for Centre and States
A data analysis shows that GST has led to increased revenue buoyancy for the centre and states. States have witnessed a jump of nearly 3 percentage points in own tax revenue ratio from pre-GST era. Experts say that GST 2.0 should now focus on further rationalization of rates and removal of input tax credit restrictions
Income tax return-filing: Looking for tax-savers? Here's how your employer can help you through NPS
ITR filing 2023-24: Private sector employers' NPS contribution of up to 10 percent of employees' basic salary (plus dearness allowance, if any) is eligible for deduction under section 80CCD(2). At the time of filing your income tax returns, you can refer to your Form-16 which will display the deduction amount.
ITR filing 2023-24: Here's how to check if your PAN is valid and linked to Aadhaar
ITR filing 2023-24: Permanent Account Number (PAN) is a must-have document for filing income tax returns. You need it to register and log in to the official e-filing portal.
Budget 2024: Do India's richest pay the highest personal income taxes?
Data shows that India's top-bracket income tax rates are lower than in many developed and developing countries
Kenya protests persist despite partial withdrawal of bill to raise taxes
Kenya protests erupt over Finance Bill 2024, proposing higher taxes. Citizens resist VAT on bread, mobile money taxes, and eco levies. Government backs down amid deadly clashes, promising dialogue.
ITR filing for FY 2023-24: Taxing gains from real estate investments
ITR Filing: Rental income, dividends, and capital gains from real estate investments are all taxed differently. A look at how the tax laws look at the different types of investments.
ITR filing 2023-24: Keep this list of crucial documents at hand while filing income tax returns
Income tax return documents: Filing ITR is often considered to be a tedious affair, but with meticulously gathering and poring over certain must-have documents will ensure that the process is less taxing.
ITR filing 2023-24: Top 7 mistakes to avoid for hassle-free income-tax return filing this year
Tax filing: From less-critical errors like mentioning wrong bank account details that can lead to a delay in refund processing to grave mistakes like not disclosing foreign bank account and other asset information which lead to tax notices, tax-payers need to avoid missteps while filing ITR.
Moneycontrol Pro Panorama | Do alcobev companies justify trading at FMCG valuations?
In this edition of Moneycontrol Pro Panorama: India needs more green energy to realise data centre ambitions, how can investors dodge taxes in the F&O juggernaut, local Indian firms dominate pharma sector, and more
ITR filing 2023-24: Documents you must keep at hand before filing income tax returns using ITR-1 (Sahaj):
Tax return filing season is here, and making adequate preparations is the key to make it less of hassle. Gathering your Form 16, Form 26AS, bank account statements and deduction proofs is a must before embarking on the annual ritual.
ITR filing 2023-24: Filing income tax returns has many benefits
ITR Filing 2024: You may need to file your ITR to claim tax refunds, carry forward losses, secure a visa, and avail of loans, among other things.
Filing income tax returns? You are not eligible for ITR-1 if…
ITR filing 2024: Using the wrong form can render your tax return defective. Do not use ITR-1 if you are a non-resident, earn more than Rs 50 lakh, have income from business or profession and have booked capital gains during the financial year.
Here’s how to sync GST rationalisation with India’s consumption anchored growth
Introduce a single standard rate of 15% while reducing tax slabs. Also raise the 5% slab to 8%
Income tax filing | Missing Form 10BE: Why donors are forgoing tax deduction benefits
Income-Tax filing: The Government has shifted the tax compliance burden for donations on to charitable organisations. However, donation details aren’t getting pre-filled in tax returns as promised in Union Budget 2020.
Tax filing: Filing an income tax return? Access and review your Annual Information Statement first
ITR filing 2024: It is important to check your AIS to ensure that you do not miss out on reporting any income. Non-disclosure can lead to you receiving notices from the income tax department.
Income tax filing 2024: What is Form 16? Here's what you need to know about this key ITR filing document
ITR filing 2024: Form 16 is the base for your ITR. It includes your taxable income, exemptions under section 10, deductions under chapter VIA, deduction on housing loan interest paid under section 24(b) and so on. It also serves as proof of your employer having deposited the TDS on your salary with the I-T department.
