NEW INCOME TAX FORM
Govt likely to provide income tax relief to taxpayers under new tax regime, ET Now reports
ET NOW Exclusive | Govt likely to provide income tax relief to taxpayers under new tax regime, as per sources. Why is the Govt considering such a proposal in the interim budget? ET Now's Priyadarshi shares details on the probable tax slabsGovt likely to provid...
ITR filing last date: Over 6.5 cr income tax returns filed for 2022-23 fiscal till 6 PM
Over 36.91 lakh people have filed their income tax returns on Monday until 1800 hrs, taking the total number of ITR filing for assessment year 2023-24 to 6.5 crore. The last date for ITR filing by salaried persons and entities which are not required to get their ...
Who cannot use ITR-1 form to file income tax return
To know if you are eligible for ITR-1 in the upcoming FY 2022-23, examine the eligibility criteria closely.Who cannot use ITR-1 form to file income tax return
Relief for employees availing employers' rent-free accommodation; I-T dept notifies new rules
Employees drawing substantial salaries and having rent-free accommodation provided by their employers will now be able to save more and get a higher take-home salary as the income tax department has revised norms for valuing such houses. The Central Board o...
New tax regime vs old tax regime: What to pick?
How to solve the old vs old tax regime dilemma? Which are the best tax-saving investments? Saraswathi Kasturirangan of Deloitte India is here with all the answers ahead of the March 31 deadline. New tax regime vs old tax regime: What to pick?
Ten Income Tax changes that will come into effect from April 1, 2023
On April 1, 2023, the new financial year will begin, bringing many changes that can impact your money and taxes. Let's look at ten income tax changes that will come into effect from that date.Ten Income Tax changes that will come into effect from April 1, 2023
Common ITR form for all taxpayers on anvil; Tax Expert analyses whether tax returns can truly become 'saral'
The finance ministry on Tuesday proposed to come out with a user-friendly common income tax return form for all taxpayers, under which income from virtual digital assets will have to be disclosed under a separate head. All taxpayers, except t
Union Budget 2023: FM Sitharaman rejigs Income Tax slabs under new tax regime
Finance Minister Nirmala Sitharaman tweaks income tax slabs under the new tax regime to provide relief to the nation’s middle class. Here’s what she announced. Watch!Union Budget 2023: FM Sitharaman rejigs Income Tax slabs under new tax regime
New Tax Regime: All the changes you should know about
FM Nirmala Sitharaman announced a mega rejig of the Income Tax slabs in Budget 2023. Shalini Jain of EY India explains the changes announced in Budget 2023 that can provide relief to India's middle class. Watch!New Tax Regime: All the changes you should know about
Budget 2023: Two third of current taxpayers will shift to new income tax regime, says CBDT Chairman
While speaking on Union Budget 2023-24, the Chairman of the Central Board of Direct Taxes, Nitin Gupta, on February 03 said, "Old tax regime is untouched, we have a modified new regime. The new tax scheme proposed in the budget is beneficial for every
What changes for your investments in FY24: All you need to know
The start of FY24 has brought a lot of regulatory changes that will impact your investments. From mutual funds to equity markets, let's see what all will change for investors in FY24.What changes for your investments in FY24: All you need to know
FM Nirmala Sitharaman on middle-class' issues: No new tax imposed on them since 2014
Speaking at an event in the national capital, Union Finance Minister Nirmala Sitharaman said that the Modi government is working for the middle-class of the country.She said, “I belong to middle class and identify myself as a middle class so I can understand them. M
Budget 2023 updates: From MSMEs to new co-operatives, 5 key changes in direct tax structure
The Union Minister for Finance and Corporate Affairs, Smt Nirmala Sitharaman announced several Direct Tax proposals with an aim to maintain continuity and stability of taxation, further simplify and rationalize various provisions to reduce the compliance burd
Govt makes PAN, Aadhaar mandatory for cash deposits or withdrawals above Rs 20 lakh
The government has made quoting of PAN or Aadhaar number mandatory if the cash deposits and withdrawals in a financial year exceeds Rs 20 lakh and in case of opening of current account or cash credit account with a bank. The Central Board of Direct Taxes (CBDT) has i
Did you file your income tax return using the correct form? Find out here
Which ITR is applicable to you for FY 2020-21? This is an important question. Taxpayers must know which ITR form should be used and by whom. This ITR filing season, we list for you the applicability and suitability of the various ITR forms.Did you file your income tax return u
IT Dept raids Chinese tech giant Huawei's multiple premises in India over tax evasion
The Income Tax (IT) Department has conducted raids on various premises of Chinese telecom company Huawei in India as part of a tax evasion investigation, official sources said on Wednesday. The raids are going on at multiple locations in the national capital New De
How the new income tax portal will simplify matters for taxpayers
With a ‘Help' section containing useful demonstrative videos, a 'Chat' option and helpline numbers, the new tax portal looks taxpayer-friendly indeed. In this video, we list down the new features that the portal introduces.How the new income tax portal will simplify matters for taxpay
New Income Tax rules from April 1: Here are some last minute tax-saving tips
April 1 will mark the beginning of a new financial year and it will also bring in a slew of income tax changes. What can you do to cut down taxes? Times Network's Mubina Kapasi brings us a comprehensive financial year-end checklist.New Income Tax rules from April 1: Here ar
Actor Sonu Sood evaded tax of over Rs 20 crore: I-T Department
New Delhi: Actor Sonu Sood has evaded taxes of over RS 20 crore, the income tax department said in a statement today, after visiting his Mumbai home for three days in a row for a search.Actor Sonu Sood evaded tax of over Rs 20 crore: I-T Department
ITR filing help for employees with more than one Form 16
Form 16 is a starting point when filing one's income tax return. It is a crucial form summarising the tax deducted by employers and during a financial year. There may be instances of employees having more than one Form 16. In this video, we tell you when this may happen and what taxpayers shou
New to tax saving? Here's income tax help for young, new earners
Many young earners are left confused as to what tax saving entails. In this video, ET Online sheds light on how young salaried taxpayers should handle the process, what tax saving investments and expenditures are available and the proofs they need to submit to employers, among other ta
FM Nirmala Sitharaman asks Infosys to fix technical glitches on new income tax e-filing portal
Finance Minister Nirmala Sitharaman on Tuesday asked Infosys and its Chairman Nandan Nilekani to fix technical glitches being encountered on the income tax department's new e-filing website, after users flooded her Twitter timeline with complaints.FM Nirma
Budget 2019: Pre-filled tax return forms, faceless assessment proposed
Union Finance Minister Nirmala Sitharaman on Friday said Pre-filled tax returns to contain info from salaries, bank interest, capital gain and dividend income to be made available. Faceless assessment of tax returns in electronic mode is being launched this year in a phased manne
How to link your Aadhaar number with your income tax return
According to a notification by the CBDT, it is mandatory to quote your Aadhaar number while filing ITR unless specifically exempted. The notification further specifies that tax return cannot be filed either electronically or manually without quoting Aadhaar number. To quote your Aadhaar num
ITR filing guide: 5 things you should know
It is ITR filing season, and many of us would be in the middle of completing the process. Here are five things you should know while filing your ITR this year. ITR filing guide: 5 things you should know
ITR filing guide: Red flags to avoid while filing tax return
Here's a list of seven red flags you need to avoid while filing your income tax return (ITR). These discrepancies in your tax return can alert the I-T department and fetch you a tax notice.ITR filing guide: Red flags to avoid while filing tax return
ITR filing guide: Figures to check for in Form 16
The Form 16 format has been revised this year by the Central Board of Direct Taxes (CBDT) which has to be given to you by your employer. If you are confused about what figures you should check in the revised Form 16, here's everything you need to know.ITR filing guide: Figures to check for in Form 16
Here is how taxman tracks your financial transactions
The amended Form 26AS now shows high-value transactions that are conducted by you in the financial year. However, there are other ways in which the tax department can track your financial transactions. ET Online takes you through them.Here is how taxman tracks your financial transactions
Proposed Direct Tax Code: How it could cut your income tax
When the corporate tax rate was reduced to 25 per cent last month, it was termed as an early Diwali for the corporate sector. Now, taxpayers are hoping the government will gift them a similar tax relief. The Akhilesh Ranjan taskforce, set up to suggest an overhaul of the Income Tax Act, has
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