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EXEMPT INCOME COLUMN
ITR utility updated: New 'other income' column added under exempt income schedule; here's what it meansIncome Tax Return (ITR) filing for the assessment year 2026-2027 sees a significant update with a new 'Other Income' column under the Exemp...
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
Good news for taxpayers in old tax regime: Higher HRA benefits extended to these new cities in new draft Income Tax Rules, 2026Taxpayers in Bengaluru, Hyderabad, Pune, and Ahmedabad can soon benefit from increased house rent allowance tax relief. The government prop...
TDS relief for salaried: From January 1, 2025 TDS statement will reflect the net TDS/TCS benefit on eligible incomeTDS on salary: Now salaried taxpayers will be able to see how much benefit of lower TDS they got in the TDS certificate statement from Q4 2...
Budget 2024 expectations: 8 expectations of salaried, individual taxpayers from FM Nirmala Sitharaman todayBudget 2024 income tax expectations: Let's delve into the various expectations that both salaried individuals and taxpayers have from Budge...
Budget 2024 income tax expectations: Move all exemptions, deductions to new tax regime, say salaried taxpayersIncome tax expectations Budget 2024: When it comes to the rationalisation of income tax slabs, over 53 per cent want the government to move...
Income Tax Bonanza in Budget 2024: Will FM Sitharaman make new tax regime attractive in Budget? Changes taxpayers wantBudget expectations 2024 of taxpayers: The Finance Minister, Nirmala Sitharaman, needs to make the new tax regime more attractive to taxpay...
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 expectations: 6 expectations of individuals from Budget 2022 todayTaxpayers expect that Budget 2022 will include tax rate and surcharge reductions, as well as an increase in the deduction available under s...
Filing ITR? Here's how to claim HRA exemptionThe return filing forms notified by the CBDT for the assessment year 2018-19 require you to provide a detailed break-up of your salary.
Know the correct income tax return form applicable to you for FY 2018-19There are some additional points which require due consideration at the time of selecting the correct tax return form.
Loans, card payments above Rs 2 Lakh in cash to be shown in ITRThe tax department a few days back notified new Income Tax Return (ITR) forms for filing of returns for the Assessment Year 2017-18 (financ...
Tax queries answered by Dilip Lakhani, Senior Chartered AccountantYou cannot adjust the interest payable on the amount borrowed which is utilised for acquiring self occupied property against the rental inc...
Government mulls making PAN must for registering charitable trustsTo keep a tab on funds flowing through charitable trusts, the government plans to make it mandatory for such entities to provide their Perm...
Rs 3,000 crore lost as tax rebates to NGOs, trusts: CAGGovernment has given away more than Rs 3,000 crore by way of tax exemptions to some non-deserving big charitable organizations and trusts.
Income Tax Return: Deadline for E-filing extended to 31 AugustThe extension has been made on consideration of reports of disturbance in general life caused due to failure of power.
- Query Corner: Tax
Our expert helps you understand the complexities of tax in this column.
- Query corner: Tax
Our expert helps you Understand the Complexities of Tax In This Weekly Column.
- 'Dividends and long-term capital gains are exempt from tax'
Dividends and long-term capital gains are exempt from tax and hence, would not be included for determining the tax exemption limit.
- Query corner: Tax
Our expert helps you understand the complexities of tax in this weekly column. Email to etquerytax@indiatimes.com