tax

Filing ITR? Four key points salaried taxpayers should keep in mind

ITR filing 2024-25: Know the changes in the income tax return forms, select the correct form, and ensure that you have tax-saving proofs in place.

Digital Form 16: How to access, download, and use it for e-filing your income tax returns

ITR Filling 2025: Thanks to digitisation, accessing and using Form 16 for filing one’s returns has become more straightforward and convenient.

Personal Finance: Investing for tax savings is now passe

Many individuals start restructuring investments closer to when they think they are likely to hang up their boots

ITR filing 2024-25: Exemptions and deductions for senior citizens

Senior citizens choosing the old tax regime can claim deductions under Section 80C on investments, including the tailor-made SCSS, as also deduction of up to Rs 50,000 on health insurance premiums or expenses, among others

Tax implications of borrowing money from a top-up home loan by your homemaker wife

Whether you earn tax benefits or encounter tax implications depends on how you utilize the money from top-up loan.

Income tax filing 2024-25: Here's how salaried employees can choose between ITR-1 and 2

This year, you can use ITR-1 even if you have booked capital gains on sale of equity assets, provided they do not exceed Rs 1.25 lakh a year

Income-tax filing 2025: Why verifying AIS is a must before submitting your ITR

Verify AIS, Form-26AS to ensure that your income tax return contains details of all the income earned during the year. Non-disclosure can invite notices from the income tax department.

How Trump’s 3.5% remittance tax will affect US-based NRIs’ money flow to India

For many NRIs, especially those supporting dependents or planning a future back in India, this proposed tax will introduce a new layer of complexity.

ITR filing 2025: Preparing to file income tax returns? Keep these crucial documents handy

Your ITR filing exercise can commence after accessing Form-16 and updated AIS, but ensure that you start the preparations by gathering the necessary documents to ensure a hassle-free process.

Direct tax buoyancy is a standout feature of India’s growth story

India’s higher tax buoyancy—exceeding GDP growth continuously for more than four years—suggests improved compliance, greater use of technology, stronger corporate profitability, and rising taxpayer incomes. Going forward, it is imperative for the finance ministry to maintain this momentum by enhancing compliance, simplifying tax regulations, and putting an end to tax disputes and tax terrorism

Most employees without HRA claims prefer new tax regime, corporate NPS gaining traction, say CAs

Taxpayers contemplating hiking rent paid to parents to maximise tax benefits need to be cognisant of the fact that significant variations in income and deductions compared to previous years can invite scrutiny, say chartered accountants.

RBI’s accounting policies lack transparency, burdening taxpayers

RBI has taken an overly conservative approach to risk management and lacks transparency in how it implements its policies. It withholds surpluses belonging to the government, instead allocating to its own reserves. This compels the government to borrow more from the market

PM Modi quotes Moneycontrol report, says Karnataka govt hiked taxes A-Z

Prime Minister Narendra Modi addressing a rally in Haryana quoted Moneycontrol report that highlighted A-Z price hikes in Karnataka

Bengaluru civic body collects record Rs 4,930 crore property tax, IT hub Mahadevapura top contributor

Bruhat Bengaluru Mahanagara Palike has collected more than Rs 1,000 crore in property tax during 2024–2025 compared to the previous financial year.

Tax Surveillance: A dangerous precedent for privacy and liberty

A system where tax officers have unchecked authority turns the state into the judge, jury, and executioner. Even if the intent is to curb tax evasion, the means must respect democratic principles and due process

Tax planning techniques to minimise outgo and optimise financial outcomes

The new income tax regime will make a lot more sense from financial year 2025-26.

Taxpayers, CAs challenge I-T notices on rebate claims before appellate body

The I-T department had allowed a 15-day window in January for taxpayers who were denied a tax rebate on STCG in July 2024 to revise their tax returns, but CAs say such claims were not entertained during ITR processing.

New income tax rules: A guide to Budget ’25 tax changes that kick in from April 1

The new, minimal-exemptions tax regime is set to be the favoured choice of most taxpayers in 2025-26, thanks to the raft of announcements in this year's budget.

Income tax cuts, RBI's repo rate reduction and more: Here's how April will impact your wallets

With a host of financial changes set to take effect in April here's a quick guide to the developments that are bound to affect your wallets.

Presumptive tax will override other taxes for foreign service providers in electronics manufacturing

The presumptive taxation scheme has been established for foreign electronic manufacturers to override other provisions, reducing litigation and compliance burdens for non-resident firms

Karnataka transport department collects Rs 40.2 crore in taxes, fines from other-state vehicles

Transport department officials said they have decided to intensify the crackdown on vehicles registered outside Karnataka but plying without proper tax payments and permits.

India Scraps 6% ‘Google Tax’ | How It Impacts Advertisers & Tech Giants | MC Explains

India is removing the 6% ‘Google Tax’ on foreign digital services starting April 1, 2025. Why was it introduced? Why is it being scrapped now? And how will businesses be affected? Watch this explainer for all the details!

Listed share acquisitions: Govt weighs relief to shield deals from tax volatility

Companies contend that the existing tax rules fail to account for stock price fluctuations between deal signing and execution

March 31 tax planning deadline: A last-minute guide to reducing your income tax outgo

Do not pick 80C instruments in a hurry to claim tax breaks ahead of March 31 — ascertain whether they can add value to your long-term financial plan. With the rejig of tax slabs in this year's Budget, be careful in committing to long-term instruments