The Income Tax Department is actively identifying individuals involved in fraudulent tax deductions.
Tag: income tax act
Income Tax Alert: File Your ITR-U By March 31 Or Face Up To 200% Penalty – News18
Last Updated: March 21, 2024, 12:29 IST Taxpayers are mandated to submit an updated Income Tax…
Senior Citizen 5-Year FDs Of SBI, HDFC, ICICI, PNB vs SCSS: Where Should You Park Your Savings?
New Delhi: As seniors prioritize secure and reliable savings options, the choice often comes down to parking…
Tax Season Is Here: Check Effective Ways To Save Money On Your Hard-Earned Income
New Delhi: Taxes are imposed in India on property, wealth, and income. Be it individual income or…
Bombay High Court orders Rs. 1,128 crore tax refund to Vodafone Idea Limited
Image Source : PTI Bombay high court building The Bombay High Court has ruled in favour…
Understanding Non-Taxable Income: 5 Types of Income Exempt from Taxation
Non-Taxable Income: It’s important to be aware that there are certain types of income that are…
What You Need to Know About NRI Gift Tax in India
Receiving gifts from Non-Resident Indians (NRIs) can have tax implications for Indian taxpayers. There are provisions…
Tax Implications for Indians Receiving Gifts From NRIs
Receiving gifts from Non-Resident Indians (NRIs) can have tax implications for Indian taxpayers. There are provisions…
What’s The Limit On Cash Transactions In Buying And Selling Properties?
Transaction above Rs 20000 has to be done through check or other modes of transfer. Section…
Unlocking Tax Savings: Know 9 Rules For Income From House Property
All types of properties are taxed under the head “Income from house property” in the income…