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US Stocks: GIFT City or traditional broker? Before you start overseas investing, know which route saves you more in taxes, costs, and hassleIndians now have easier access to global markets through direct overseas investing or GIFT City. Direct investing offers wider choices and ...- Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAAThe Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ paymen...
- Tenant wins tax relief on Rs 38.62 lakh sale of landlord’s property, received for surrendering tenancy rights; know why ITAT Mumbai ruled in his favourA Mumbai tenant received tax relief after selling a property he obtained for surrendering his tenancy rights. The Income Tax Appellate Trib...
- Zero income tax on Rs 15 lakh CTC? Here’s how these allowances and perks can cut your tax under new tax regimeSalaried individuals can significantly reduce their tax liability under the new tax regime by strategically utilizing allowances and perqui...
- 12 key income tax form changes every taxpayer should know: From Form 16 to Form 168A new Income-tax Act arrives on April 1, 2026. It brings fresh income tax forms and replaces many old ones. Taxpayers will use these new fo...
- Old vs new tax regime: Key differences that you must know before ITR filing for tax year 2026-27The new tax regime offers lower rates but removes many deductions, making a thorough comparison with the old regime crucial. While both reg...
- Used meal card benefits? Form 12BA deadline alert: Why salaried employees must collect it by April 30 for filing ITR for AY 2026-27Salaried employees need to collect Form 123 from employers by April 30, 2026. This form details perquisites like meal card benefits. It is ...
- Six big TDS & TCS changes for Tax Year 2026-27: From TDS on NRI property to TCS on overseas remittance for education, know all that has changedNew tax rules for Tax Year 2026-27 begin April 1, 2026. Key changes affect TDS on NRI property and TCS on overseas remittances for educatio...
- 7 ways income tax filing will be impacted after Budget 2026Budget 2026 introduces significant changes to income tax filing from April 1, 2026. Revised ITR forms will simplify compliance. The deadlin...
- ITR filing after due date: Do you need to pay a late fee even if you have nil tax liability?Taxpayers filing belated ITRs after the deadline of September 16, 2025, may face late fees, even with no tax liability under the new regime...
- Consider filing a 'nil' Income Tax Return - Sometimes it's mandatory, and other times it can benefit youWhile it is true that you may not have any tax dues, that alone does not mean you can skip filing your return. Filing ITR is not just about...
- ITR e-filing: CBDT enables ITR-U filing via ITR-3 and ITR-4 forms; here's who needs to file it and whyThe Central Board of Direct Taxes has made updated Income Tax Return filing easier. Taxpayers can now use ITR-3 and ITR-4 forms on the e-fi...
- Making these common mistakes with ITR-2 and ITR-3 while using excel based utilities? Here's how you can fix itTaxpayers filing ITR-2 and ITR-3 using Excel utilities can encounter errors leading to incorrect tax calculations and potential rejection o...
- Can you stop filing ITR if your income is below Rs 12 lakh?The Budget 2025 has raised the threshold of rebate available under Section 87A from Rs 25,000 to Rs 60,000. The basic income exemption limi...
- Filing a nil ITR: 6 unexpected benefits from getting a travel visa, loan, scholarship and moreBenefits of filing an ITR: There are multiple benefits of filing an income tax return (ITR). As per Swapnil Bhaskar, Chief of Strategy, Niy...
- ITR filing: 5 benefits of filing income tax return earlyITR filing: 5 benefits of filing income tax return early
- What is a Nil ITR? Check out who is eligible for it and the benefits of filing a Nil ITRIf your income is below the basic exemption, then you need not file an income tax return. Despite this if you voluntarily file your ITR, it...
- ITR filing for FY 2022-23: Which income tax return form applies to youContrary to the norms, the Central Board of Direct Taxes (CBDT) notified the income tax return forms for FY 2022-23 (AY 2023-24) in Februar...
- What are the common mistakes that people make while filing ITR? Preeti Khurana answersNow, what the government has done from this particular tax filing is that all your tax payments, so whatever taxes you have paid are also n...
- ITR filing: Which income tax return form is applicable to you for FY 2021-22?Income tax return (ITR) filing is mandatory if an individual's gross total income exceeds Rs 2.5 lakh in a financial year (FY). If an indiv...
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