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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year ago

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