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Income tax rules News

new tax regime 2024

30 Mar 2024

New Tax Rules From April 1: Did You Know About Basic Exemption Limit? Check

April 1, 2024, marks the beginning of a new financial year. Income of Rs 15 lakh and above will be taxed at 30 percent. From April 1, 2024there will be a default adoption of the new tax regime.

Income tax rules

16 Dec 2023

Explained: How Much Cash You Can Keep At Home, What Are The Tax Rules?

According to the Income Tax Act, there's no specific restriction on the amount of money stored at home. However, during an income tax raid, it becomes crucial for an individual to substantiate the source of the money.

9 Years Of PM Modi

30 May 2023

9 Years Of Narendra Modi's Government: Major Changes In Income Tax Rules

Here are some significant adjustments to the income tax laws made during PM Narendra Modi's nine-year tenure.

Income tax rules

21 Aug 2018

Government seeks comments on amendment of no tax deduction certificate

The tax department proposes to make changes in Form No 13 and related rules under the Income Tax Act.

Income tax rules

11 Apr 2018

New ITR rule: Now Transgenders to be recognised as independent gender category

Till now, only male and female gender categories were available to be chosen on the PAN application form.

09 Dec 2017

Filing income tax on mutual fund investments? Note these 10 things

With the financial year coming to a close in a few short months, many might rush to hand in their investments.

Income Tax department

26 May 2017

Banks, MFs should obtain identification nos for filing SFT

The Income Tax department on Friday said banks, mutual funds and financial institutions should obtain an identification number and file the statement of financial transaction (SFT) by May 31.

Income tax rules

01 Apr 2017

Change in rules: From income tax, savings a/cs, insurance to non-BS IV vehicles; here's the impact

Several important rules and regulations will change or take effect from Saturday, as April 1 marks the start of the financial year 2017-18. The rules range from regulations on personal income tax to sale and registration of non-BS IV vehicles.

New rules from April 1

03 Apr 2017

New rules from today: From income tax, savings a/cs, insurance to non-BS IV vehicles; check out the impact

Several important rules and regulations will change or take effect from Saturday, as April 1 marks the start of the financial year 2017-18.

23 Dec 2016

Businessmen, traders required to report cash receipt over Rs 2 lakh in single transaction: CBDT

Businesses and traders are required to report any single transaction of cash exceeding Rs 2 lakh for sale of goods and services to the income tax department.

09 Aug 2015

Govt notifies changes in I-T rules to comply with FATCA pact

The Revenue Department has amended income tax rules to provide for reporting of information with regards to financial assets and accounts, a month after India signed a tax information sharing agreement with the US.

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