Money

Attention taxpayers! File ITR before THIS date or face penalties for delayed returns — 5 key things to know

ITR Filing: It is that time of the year again when taxpayers across the country file their income tax returns…

10 months ago

Tax records show full interest in a prematurely ended FD. How do I rectify it?

I started a two-year fixed deposit (FD) in January at a 9% interest rate. On 31 March, the bank calculated…

10 months ago

For retail investors, unlisted shares may prove to be a dangerous gamble

The count has jumped from 33,896 as of 31 March 2024 to 146,208 as of 30 June this year. But…

10 months ago

If tax authorities can invoke it, why can’t the common taxpayer?

The ‘substance over form’ principle in tax law means that what really happens in a transaction matters more than how…

10 months ago

Revised New Income Tax Bill 2025: What are the changes suggested by Select Committee? Explained in 10 points

Finance Minister Nirmala Sitharaman moved to withdraw the New Income Tax Bill, 2025, on Friday, after a Parliamentary Select Committee…

10 months ago

ITR Filing 2025: How tax rules differ for freelancers and salaried individuals

ITR Filing 2025: As the ITR 2025 filing season is approaching, many freelancers and consultants are uncertain about how their…

10 months ago

Filing ITR for 1st time? Don’t miss this detailed guide from the Income Tax Dept

ITR filing: Whether you're a salaried individual, freelancer, or just entered the job market, filing income tax returns (ITR) for…

10 months ago

8th Pay Commission: What does Terms of Reference mean, why does it matter for salaried individuals – Know here

8th Pay Commission: With growing anticipation among central government employees and pensioners over the expected revision of salaries and pensions…

10 months ago

Income Tax Filing: ITR-5 excel form now live – Who should opt for it? Details here

The income tax (I-T) department has now enabled the ITR-5 Excel form online for firms, Limited Liability Partnerships (LLP), Associations…

10 months ago

Filed ITR? Your income tax refund email could be a scam, I-T Department reveals FAKE ID | Here’s what you should do

The Income Tax Department has warned taxpayers about a rising wave of phishing scams amid an increase in ITR filings…

10 months ago

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