Anonymous: Sir, I'm unemployed & for trading my parents gave me Rs 5.8 lakh and I've made a loss of Rs 2.52 lakh, since money ...
Many taxpayers want the permanent extension of ITR filing deadlines to get more time to meet the compliance laws. The ...
Proceedings for adjustment of refund to outstanding demand u/s 245 (1) of the Income tax Act, 1961 are pending. Proceedings ...
Picking the correct Income Tax Return form is key. Salaried folks making up to ₹50 lakh a year can use ITR-1. This includes ...
As per RBI norms, resident individuals can remit up to $250,000 per financial year for various permissible capital and ...
Budget 2025 increased the tax rebate limit under the new regime to ₹12 lakh from FY26. If trends from previous years continue ...
The new bill, which aims to simplify the tax language for common people, will replace the Income Tax Act, 1961.
A major focus of the new tax bill is likely to be on lowering the number of such disputes by clearly defining provisions and ...
The main objective of the new income tax bill is to streamline the existing Income Tax Act of 1961 to enhance comprehension ...
The Indian government is closely monitoring high-value financial transactions using data analytics and inputs from various ...
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