ET Wealth Reader's Query: Will buying an apartment before selling the existing one still allow me to claim long-term capital gains exemptio...

Moving beyond rate-centric reforms, the government has focused on re-designing the compliance lifecycle spanning original filing, revision,...

Most Indians now prefer the new tax regime for its simplicity and higher in-hand pay. Those sticking to the old regime need careful tax pla...

Taxpayers are receiving unexpected emails from the Income Tax Department. These messages halt tax refunds due to discrepancies in claimed d...

If you’re planning to settle in India, understanding how your tax residency status changes is as important as getting your shipping contain...

Managing one’s financial life can be overwhelming, considering the multiple tasks one needs to fulfil—planning investments, meeting tax dea...

Tax notice: The Income Tax Department has identified the list of persons relating to AY 2019-20, 2020- 21 and 2021-22 who did not file Inco...

Benefits of filing an ITR: There are multiple benefits of filing an income tax return (ITR). As per Swapnil Bhaskar, Chief of Strategy, Niy...

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VDA transactions, including sales, are subject to a 30% capital gains tax in India. A capital loss in one VDA can’t be offset against profi...

The STCG is taxed at 15% if the investor sells equity shares within 12 months of purchasing it. STCG applies when shares are sold at a pric...

For years, the market practice among foreign companies - often endorsed by their tax advisors - has been to file tax returns only if there ...

"Total number of taxpayers for AY 2020-21 is 8,22,83,407. The projected total population of the country as on March 1, 2021 .... was 136.30...

This proposal may be bad news for those who are otherwise not mandatorily required to file income tax return under the tax laws but have to...

The notification was issued by the CBDT on Septemeber 12, 2019.

Many senior citizens and professional, who either don't include this in taxable income or simply don't pay tax or file returns, will come u...

If you are among the 30 million Indians who are set to file their tax returns, find out how to do so in the simplest and most cost-effectiv...