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BUDGET 2022 FOR TAXPAYERS
Final call for $1,050! Millions warned payments are ending forever—are you eligible?Millions of people in California still have unused inflation relief money from COVID time. The payment ranges up to $1,050 and must be used...
Budget 2023: Tax-free bank FDs among 10 demands of taxpayersThe government should enhance the standard deduction to Rs. 1,00,000 from the current level of Rs. 50,000 This would increase the disposabl...
About Rs 400 cr tax deposited by filing updated ITRs so farNew form ITR-U was made available in May this year for taxpayers to update their income tax return (ITRs) with any income or earnings that ...
Booking long term capital gains on crypto assets by March 31 may save you 10% taxThe tax rules on cryptocurrencies and other digital assets will come into effect from the new financial year, i.e., FY2022-23. However, tax...
Taxpayers can update ITRs only once in an assessment year: OfficialAn additional 25 per cent on the due tax and interest would have to be paid if the updated ITR is filed within 12 months, while the rate wi...
Budget 2022 personal taxation proposals and how they will impact taxpayersThe surcharge on long-term capital gains tax from equity funds and listed stocks is already capped at 15%. But for gains from other assets,...
Budget 2022 gave many income tax misses, few hits to the common manFor more such web stories click on the ET icon below.
Important Budget 2022 announcements that impact individual taxpayersWhile no changes have been proposed to the income tax slabs and tax rates, the Budget contains some proposals which will impact individual ...
View: GST reforms in Budget 2022 are an indication of tighter laws to comeOn the GST front, the FM announced that the GST revenues have been buoyant despite the pandemic and saw a record collection of Rs 1,38,394 ...
Three tricky things you'd wished Budget 2022 would make clear but it didn'tApart from the host of tax-related areas that Budget 2022 touched or clarified upon, there were also a few aspects that the Finance ministe...
These tax payers can’t use new rule to update income tax returns, says Budget 2022As per the budget memorandum, individual taxpayers will not be able to use this facility if the updated return leads to lesser total tax li...
Budget 2022 disappoints, no income tax relief to the middle class: Here's what FM Sitharaman gave insteadMany people were disappointed by this budget since there was nothing in it that would aid the average person who is drowning in debt, payin...
Happy belated returns from I-T dept, but only if you pay up the extra taxBased on a trust-based governance mechanism, the Finance Bill has now allowed taxpayers to file an 'Updated Return' within two years from t...
Budget 2022: ITR relief to flat levy on digital assets, all's well on tax frontIn the field of taxes, less is always more. No new taxes were proposed nor were taxes raised. Instead, by limiting the surcharge on capital...
Check Budget 2022 date, time here; what individuals can expect from itThe focus of this the Union Budget 2022 is expected to be on speeding up India's recovery from the pandemic shock, as well as strengthening...
Budget 2022 hiking Section 80C limit will help all: 9 reasons whyFor more such web stories click on the ET icon below.
Additional tax deduction of Rs 1.5 lakh for interest on home loan for affordable housing extendedThe deduction of Rs 1.5 lakh in a financial year is available under section 80EEA of the Income-tax Act, 1961. Deduction on payment of inte...