No indexation benefit if property sold at a loss: Long-term capital loss to hit taxpayers harderNo indexation benefit on loss: The government has provided partial relief to the homeowners for properties bought before July 23, 2024 and ...
22 Aug, 2024, 10.57 AM IST
Which income tax regime professional under presumptive taxation scheme should choose?The changes announced in the Union Budget 2023 has tried to make the new tax regime attractive for taxpayers. Further, the Budget proposed ...
02 Mar, 2023, 10.47 AM IST
Holidays to become costlier from July 18 as all hotel rooms to be taxed under GSTGST council, in its meeting in June 2022, withdrew various GST-related tax-exemption. One of the tax-exemption of no GST on hotel rooms up ...
19 Aug, 2022, 12.31 PM IST
Why Budget 2022 should allow tax deduction for expenditure on Covid treatmentIn the Union Budget 2022-23, the government should provide tax relief to the people who are paying for medical treatment of Covid-19 on the...
13 Jan, 2022, 11.37 AM IST
10 things to know about new provision of TCS on sale of goodsIf you are buying goods of more than Rs. 50 Lakhs be ready to pay TCS on the same and claim the credit at the time of filing your income ta...
06 Nov, 2020, 10.45 AM IST
Here's how banks will find out if you have filed last 3 years income tax returnsThe Budget 2020, has further expanded the scope of section 194N of the Income-tax Act, 1961 to provide different tax rates for two differen...
10 Jul, 2020, 10.12 AM IST
5 taxpayer friendly initiatives taken by tax department in 2019A look at five important steps introduced this year by the I-T dept to make the life of the taxpayer easier.
24 Dec, 2019, 11.50 AM IST
How to file ITR 1 with salary, home loan and other income for FY 2018-19In this article, we explain the quickest way to file the return in Form ITR-1 using illustrations.
19 Jul, 2019, 12.31 PM IST
Sold listed shares in physical form in FY 2018-19? You might end up paying higher taxesSEBI in a notification dated June 8, 2018, restricted the transfer of equity shares in physical form after December 5, 2018. This deadline ...
10 Apr, 2019, 10.37 AM IST
Non-individuals conducting transaction over Rs 2.5 lakh must apply for PAN by May 31 of next FYBudget 2018 amended Sec 139A of the I-T Act making it mandatory for non-individuals who did not have PAN but conducted transactions of Rs 2...
21 Nov, 2018, 04.45 PM IST
Reporting of GST, GAAR details in tax audit report deferred till Mar 2019The Income-Tax Act requires prescribed persons to furnish the Tax Audit Report along with the prescribed particulars in Form No 3CD.
18 Aug, 2018, 08.09 AM IST
Delayed release of electronic ITR forms may compel CBDT to extend the filing deadlineThe last date to file ITR is July 31, 2018 and almost a third of the time is over. The CBDT has not released the utility for filing of retu...
12 May, 2018, 10.09 AM IST
LTCG tax: Unlisted companies' shares listed after January 31, 2018 to get indexation benefitThe 2018-19 Budget had after a gap of 14 years reintroduced 10 per cent tax on long-term capital gains(LTCG) exceeding Rs 1 lakh from sale ...
15 Mar, 2018, 03.19 PM IST
Taxmann.com named GST Suvidha ProviderThe rollout of GST is scheduled from July 1. It is expected that around 1 crore taxpayers will be covered under this new indirect tax regim...
24 May, 2017, 06.16 PM IST
GST rates will bring cheer to industry, say expertsThe GST Council, comprising state finance ministers and headed by Union Finance Minister Arun Jaitley, today finalised the rates on a host ...
18 May, 2017, 10.34 PM IST
Rajasthan Royals owner gets penalty relief in Fema caseWhile noting that JIPL and its promoters and promoter companies are in contraventions of various sections of FEMA, he also said that foreig...
16 May, 2017, 02.10 AM IST
Tax queries: What is your tax liability for short term trading in the stock market?Profit or loss from the transactions without taking delivery of the securities will be treated as speculation profit/loss in case of share ...
03 May, 2017, 12.13 PM IST