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20 Nov 2024

Direct Tax Collections Poised To Surpass Budget Target For 2024-25

India’s net direct tax collections, comprising corporate tax and personal income tax, shot up by a robust 15.4 per cent to Rs 12.1 lakh crore, from April 1 to November 10 during the current financial year, according to the latest figures released by the CBDT.

12 Nov 2024

India’s Net Direct Tax Collections Surge 15.4% To Rs 12.1L Cr In April-Nov

Net corporate tax collections of Rs 5.10 lakh crore and non-corporate taxes, such as Rs 6.62 lakh crore paid by individuals, HUFs, and firms.

30 Sep 2024

6 Income Tax Rules Kicking In From Tomorrow, October 1

From tomorrow, i.e 1 October 2024, several proposals announced by Finance Minister Nirmala Sitharaman during her Budget 2024-25 announcement will come into effect.

30 Sep 2024

New Rule For Taxpayers Kicks In From Tomorrow, 1 October 2024 -- Check Details

The rules pertaining to Direct Tax Vivad Se Vishwas Rules 2024, which will provide lesser settlement amounts for a ‘new appellant’ in comparison to an ‘old appellant’.

27 Sep 2024

6 Income Tax Rules From Oct 1 --Check Latest TDS Rate, Tax On Share Buyback

Here Are 6 Income Tax Rules That Will Be Effective From October 1

23 Sep 2024

New Rule For Taxpayers Effective From 1 October-- Here's All You Want To Know

The Central Board of Direct Taxes (CBDT) has notifies Rules and Forms for Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, that provides for lesser settlement amounts for a ‘new appellant’ in comparison to an ‘old appellant’.

22 Sep 2024

GST 2.0 Will Further Ease Tax Compliances And Boost Economic Growth

The Finance Minister proposed some measures in the Budget to signal that new GST 2.0 will unlock trade potential and further ease compliances in the tax laws to foster further economic growth.

31 Jul 2024

Mahindra Q1 Net Profit Rises 20% At Rs 3,283 Cr; Revenue At Rs 37,218 Cr

The Mahindra & Mahindra retained market leadership in SUVs with 21.6 per cent revenue market share and in LCVs in the more than 3.5 tonnes category, it crossed 50.9 per cent volume market share.

26 Jun 2024

DNA: Why is world afraid of sugar?

14 May 2024

Taxpayers Can Now Check Status Of Their Feedback On Financial Transactions

Income Tax Department has taken a new initiative towards ease of compliance and enhanced taxpayer services.

17 Apr 2024

CBDT Signs Record 125 Pacts To Ease Tax Payments By Big Multinational Firms

With this, the total number of APAs since the inception of the APA programme has gone up to 641.

12 Feb 2024

Direct Tax Collections At 80.23% Of Total Revised Estimates Of Direct Taxes

Refunds amounting to Rs. 2.77 lakh crore have been issued during 1st April, 2023 to 10thFebruary, 2024.

20 Aug 2023

CBDT Relaxes Rules For Valuing Rent-Free House By Employer, Read Impact

The new rules will provide a major relief to top management players or high salaried employees in corporate as their take home salary will increase.

how to save taxes on salary

25 Jul 2023

Tired Of Paying High Taxes? Maximise Savings By Claiming HRA And NPS

One can claim HRA to reduce tax outgo. Availing the NPS benefit can also reduce taxes. Food coupons can also add to tax saving.

12 Jul 2023

SUVs To Get Expensive; GST Council Proposes New Cess Slabs - Check Here

The GST council has set new rules to identify SUVs, and the body style will now attract more taxes as the councils sets new cess slabs.

26 May 2023

What You Need to Know About NRI Gift Tax in India

Certain gifts are exempted from taxation. Even non-monetary gifts can be taxed. Gifts are taxed under various income brackets for tax payers.

26 May 2023

What You Need to Know About NRI Gift Tax in India

Certain gifts are exempted from taxation. Even non-monetary gifts can be taxed. Gifts are taxed under various income brackets for tax payers.

27 Apr 2023

I-T Dept To Soon Notify Modified Valuation Rules, Taxing Foreign Investment

FEMA regulations mandate that issue of a capital instrument by an Indian company shall not happen at any value less than Fair Market Value computed as per FEMA laws.

23 Mar 2023

New Mobile App For Taxpayers Launched, Know Benefits And How To Use The App

Taxpayers can use the AIS mobile app to view their information related to TDS/TCS, interest, dividends, share transactions, tax payments, Income Tax refunds, and Other Information.

08 Mar 2023

What is Pink Tax, which makes the products of girls expensive?

Pink Tax is not a real tax, but it is the price that women are paying for being women. And it is not imposed by the government, but by the companies, the prices of the products are specially made and sold in the name of women. So how does this pink tax work, we give complete information.

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