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FORGOTTEN TAX LIABILITIES
Can Trump’s $1,000 IRA match executive order finally bring 56 million Americans without 401(k) access into retirement security? Here's who actually qualifies for this benefitUS President Donald Trump IRA Trump retirement plan executive order: Will $1000 IRA Match Transform Savings. For decades, retirement securi...
Decade-old income tax demands resurface on portal, leaving taxpayers scrambling for proofOld income tax demands from as early as 2005 are resurfacing on tax portals, with accumulated interest often exceeding the principal amount...
ITR filing: December 31, 2024, is last date to file belated, revised return for FY 2023-24, what happens if you miss this deadlineDecember 31, 2024 ITR filing deadline: Income tax laws allow individual to file belated and revised return. A belated return is filed if an...
Difference between advance tax and self-assessment taxLet's understand the difference between advance tax and self-assessment tax and how they are calculated.
Sebi likely to clear overhaul of MF fees, stricter conduct codeThe capital markets regulator has proposed sweeping changes to the total expense ratio or TER - the annual fee that mutual funds collect fr...
Supreme Court permits companies to claim transitional tax creditWhen India moved to the GST regime in 2017, companies had to transition the credit sitting on their books. So, the closing balance in the o...
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...
7 money steps women should take if headed for a divorceWhat should the woman do when she knows that separation and divorce are imminent? Here are some of the financial rights that she should be ...
“Retrospective amendment” in GST law: Time frame prescribed by tax department more of a direction says Delhi High CourtDelhi High court has agreed to hear petitions which challenge the retrospective amendment to section 140(1). The retrospective amendment in...
'Retrospective amendment' in GST law: Companies file writ petition in Delhi High CourtThe companies claim the government amended the law prohibiting companies to avail tax credit if they had “forgotten” about it only after fe...
Homebuyers approach PM Narendra Modi for relief from interest burdenIn the backdrop of Covid-19 related job losses and salary cuts, homebuyers are already stressed financially and the government hasn’t provi...
Penal interest applies on late payment of advance tax: Here's how to calculate itTaxpayer is liable to pay penal interest on advance tax if he has failed to pay any advance tax or the advance tax paid is less than 90& of...
As business shifts to larger enterprises, micro & small ventures feel GST squeezeA section of the bureaucracy feels frequent revision of GST is not good and only around February or March some revisions should be done, bu...
Retailers need to file single GST return every month: Hasmukh AdhiaHasmukh Adhia said the notion that assessees will have to file three returns every month is unfounded and retailers or B2C dealers need not...
GST: India Inc faces complex input tax creditUnder the matching concept provisions, the onus continues to remain on the buyer to check whether the seller has paid GST.
What you may lose if you do not file your Income Tax Return by July 31While you can file your personal income tax return even after the due date, July 31, but you would lose certain benefits if you do so.
Switched jobs? Make sure you file your return rightCompiling numbers from the two Form 16s is not enough. You will have to dig deeper. ET Wealth tells you how.
Seven ways to earn tax-free incomeUse these strategies to make the most of opportunities offered by tax laws and reduce your tax liability.
Primer: All about Form 16Form 16 has details of the tax deducted and the branch of the bank where it is deposited into the central government account.
- Tally Form 16 with investment declaration
Form 16 gives details of tax deducted & branch of bank where it is deposited into the central govt account. Most-overlooked tax deductions ...