He may Gift the property to his daughter. Another way would be to transfer the property through Registered Sale Deed, BUT in ...

It is important to note that this zero tax liability only pertains to the new tax regime that has been in place as the ...

Taxpayers who have already selected the new tax regime in the Income-Tax Act 1961 will not need to choose it again in the ...

Substantial reduction in the Act’s volume The review has led to a substantial reduction in the Act’s volume, making it more ...

The Finance Ministry has clarified that this zero tax liability applies only to the new tax regime, which has been the ...

The new tax regime has become quite attractive for the middle-class taxpayers. In FY 2023-24, around 74 percent of taxpayers ...

individuals will have an option to continue with the old income-tax regime at the time employers are deducting TDS or at the time of filing ITR. It is very difficult for taxpayers to choose a suitable ...

The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum and the rejig of tax slabs across the board should prompt more than 90 percent of individual taxpayers to embrace the new ...

Also, they can file their ITRs if they didn't do so within the prescribed time limit or failed to file the belated ITR- within two years from ... So, accordingly the proposed tax slabs under the new ...

CBDT Chairman, Ravi Agrawal, on Sunday said that revisions in the tax slabs should bring nearly all the individual taxpayers to the new income tax regime. Speaking in an interview with PTI, the ...

New vs old tax regime: If you are still confused about which tax regime to choose after Budget 2025 proposals, here is how to choose between the old, new and proposal newer income tax slabs. ET Online ...