Tax implications of gifting funds to minor daughter to invest in US stocks
As per RBI norms, resident individuals can remit up to $250,000 per financial year for various permissible capital and ...
12 lakh ITR filers for FY2023-24 have not got tax refund despite income tax dept releasing it: Check how to fix issue
Proceedings for adjustment of refund to outstanding demand u/s 245 (1) of the Income tax Act, 1961 are pending. Proceedings ...
Forbes3d
Old Vs. New Tax Regime: Which One Should You Choose?
The Government of India introduced a new optional tax rate ... old tax regimes using the Income and Tax Calculator on the Income Tax Portal. Which form should be filled out to opt for the old ...
Tax Guru2d
Mere uploading of communication in e-portal not sufficient under Income Tax: ITAT Agra
ITAT Agra held that merely uploading of the communication in the Income Tax department e-portal is not sufficient mode of communication in view provisions of Section 282 of the 1961 Act and Rule 127 ...
Tax Guru2d
“Request for Order Giving Effect” on Income Tax e-Filing Portal introduced
The Income Tax Department of India has introduced an innovative feature on its e-Filing portal called “Request for Order Giving Effect”. This new functionality allows taxpayers to submit requests ...
What Is The New Income Tax Bill 2025? Explained
Finance Minister Nirmala Sitharaman during her Budget 2025 speech on February 1, 2025 announced the New Income Tax Bill that ...
Indiatimes6d
Income Tax slabs 2025-26: How you can pay ZERO tax with Rs 13.7 lakh salary under new income tax regime
Latest income tax slabs 2025-26 after Budget 2025: FM Nirmala Sitharaman announced nil income tax for individuals earning up to Rs 12 lakh in Budget 2025. However for salaried individuals ...
Indiatimes2d
New Income Tax Bill cleared by Cabinet: What is the New Income Tax Bill & why is it being introduced? Explained
New Income Tax Bill: The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax legislation. This proposed bill, featuring clearer ...
Income Tax Slab For [FY 2025-26]
The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...
New Income Tax Bill 2025 To Be Tabled This Week: Here Is How It Will Impact Indian Taxpayers
After a major budget that saw the FM making some crucial announcements regarding direct taxation in India, the New Income Tax ...
NDTV3d
After Income Tax, Big Relief On Highway Tolls Soon? What Nitin Gadkari Told NDTV
Days after the Centre provided income tax relief to the middle class ... Total toll collection in India - which has the second largest road network and its National Highways span a total length ...
Reuters5d
Foreign companies embroiled in tax disputes with India
NEW DELHI, Feb 5 (Reuters) - Foreign companies have often struggled in India due to high tax demands related to duty evasion on imports or levies payable on big M&A transactions, leading to ...