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INCOME TAX BILL
NRI woman sold her property in Gujarat for Rs 21 lakh, tax dept sent notices, she missed them as she lived abroad; later she files case and wins in ITAT AhmedabadITAT overturns STCG tax on Gujarat house sale: When Kaminiben, an NRI from Anand, Gujarat, sold her house for Rs 21.4 lakh in AY 2018-19, w...- Lok Sabha Monsoon Session: Government likely to push five new bills, prioritises pending FCRA billParliament's Eighth Session will focus on legacy bills and new government legislation. Opposition leaders will meet to finalize their strat...
- Opposition leaders to meet on July 20 to finalise strategy for Monsoon SessionLeaders of Opposition parties in the Rajya Sabha and Lok Sabha will meet on July 20 (Monday), the opening day of the Monsoon Session of Par...
- Monsoon Session: MSME, FCRA, tax reforms on govt's house agendaParliament will consider the Foreign Contribution Amendment Bill and Income-tax Amendment Bill. A major MSME reform package will also be in...
- Time to score own goals: India's GCCs create world-class research, but rarely own the IP that generates future wealthIndia's innovation challenge lies in foreign ownership of research assets. Global Capability Centers generate significant revenue but do no...
- Bill to prevent insults to Vande Mataram, amend FCRA Act listed for Parliament's Monsoon sessionSeveral significant bills are slated for introduction during the Lok Sabha Monsoon session. The Vande Mataram national song will receive st...
- Govt to replace Ordinance by introducing Income-tax (Amendment) Bill in Monsoon sessionParliament will soon consider a bill to replace an ordinance on tax exemptions. This aims to attract foreign capital and stabilize the rupe...
- 'Govt anti-people, only concerned with securing 2/3rd majority': Kapil Sibal urges Wangchuk to end fastKapil Sibal urged activist Sonam Wangchuk to end his hunger strike. He criticized the BJP-led Centre as anti-people and lacking dialogue. W...
- Foreign assets in AIS: CBDT sets the stage for Foreign Assets of Small Taxpayers Disclosure SchemeThe CBDT’s decision to upload foreign financial information into taxpayers’ annual information statements may be more than an administrativ...
- Psychology says people who make payments, fill forms or do any other thing on the last day aren't simply lazy: What this behavior may reveal?Psychology says people who make payments, fill forms or do any other thing on the last day aren't always careless or lazy. Psychology expla...
- Income tax guide: Allowance and reimbursement exemption limits every salaried employee should knowSalaried employees should know income tax exemption limits for various allowances. Leave Travel Allowance is exempt for self and family tra...
- Taxation simplified for influencers: Correct ITR form, tax regime to grey zone areas, key checks and tax traps creators must watch out forIndian influencers and gig workers face significant tax compliance challenges. Many struggle with tracking income and claiming eligible ded...
- ETMarkets Smart Talk | Selling property in India? Here's how NRIs can avoid excess TDS: Trilegal's Himanshu SinhaNRIs face complex tax rules when selling Indian property, often leading to excess tax deductions. Obtaining a Lower TDS certificate can pre...
- Earning Rs 30 LPA does not mean you have 'made it to elite club': CA warns and shares the real-world mathA Rs 30 lakh annual salary is a significant achievement for many professionals. However, this income does not automatically ensure financia...
- Confused about ITR forms? Check the right ITR for salaried, pensioners, students and other taxpayersSalaried individuals, pensioners, and students must select the appropriate ITR form for AY 2026-2027. Taxpayers not requiring an audit can ...
- Tamil Nadu spends too much; Bengal earns too little: A tale of two deficitsTamil Nadu and West Bengal ended 2023-24 with revenue deficits, but their fiscal challenges differ significantly. Tamil Nadu's deficit stem...
- Fall in global crude prices brightens fiscal outlook, El Nino risks lingerEasing West Asian tensions have significantly improved India's fiscal outlook, with economists now predicting a smaller deficit than previo...
- From being a trust to gaining trust: AIFs call for switch to LLP modelIndia's private equity and venture capital sector is pushing for a crucial structural change to attract more foreign investment. The indust...
- Made less than Rs 1.25 lakh LTCG from equities this year, do you need to file ITR?Even if your long-term capital gains from stocks are under Rs 1.25 lakh, you must still file your Income Tax Return for AY 2026-27. While t...
- Zero income tax in Form 16? You may still have to file an ITR in these casesEven if your Form 16 shows zero tax payable due to the Section 87A rebate, filing an Income Tax Return (ITR) might still be mandatory. Cert...
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