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INCOME TAX EXEMPTION
India attracted $843 billion in FDI between 2014-15 and 2025-26: OfficialIndia has seen a significant rise in Foreign Direct Investment, attracting USD 843 billion between 2014-15 and 2025-26. Key government init...- From tax exemption to FCNR(B) deposits: How India is trying to attract foreign capitalIndia is taking steps to attract foreign investment and boost its economy. The Reserve Bank of India and the government have introduced new...
- Govt committed to further drive 'Reform Express', ensure economic momentum: FM SitharamanIndia's economic outlook continues to evolve, with Finance Minister Nirmala Sitharaman highlighting the government's unwavering resolve to ...
- Rs 400 crore agricultural income but no land: CBDT digs up names of rich ‘farmers’ without farmsTax authorities have uncovered a major scam involving fake agricultural income claims. Over 300 individuals claimed exemptions worth thousa...
- Man pays zero tax on Rs 5 crore land sales despite filing ITR after deadline; ITAT Mumbai rules in his favour for this reasonA Mumbai man successfully claimed a tax exemption on Rs 5 crore land sales despite filing his ITR after the deadline. The ITAT Mumbai ruled...
- The economy’s next adjustment will come at the pumpIndia faces rising fuel prices to manage its trade deficit. Foreign investors are selling Indian stocks, pressuring the rupee. Higher fuel ...
- Kazakhstan to attract international investors; introduce Golden Visa scheme & reform residency rules for skilled foreignersKazakhstan is setting the stage for a transformative migration policy. With a focus on drawing in top-tier professionals and foreign invest...
- Can I claim LTCG exemption in same year if I buy a property before selling existing one?ET Wealth Reader's Query: Will buying an apartment before selling the existing one still allow me to claim long-term capital gains exemptio...
- Meal card reporting when filing ITR: How to do it correctly and claim tax benefits under both the old and new tax regimesSalaried employees can now claim meal card tax benefits under both old and new tax regimes from Tax Year 2026-27. For AY 2026-27, the benef...
- Rs 11,250 monthly Children Education Allowance and Hostel Subsidy: Can govt employees claim these during suspension, retirement or removal?A government servant is entitled to claim reimbursement for the amount paid towards the education of their children. The amount for reimbur...
- Gift your parents money and see your tax bill shrink; the legal way to do it
- Income tax exemption on disability pension for armed forces personnel continues under Income Tax Act 2025: Who benefits?Nemin Shah, director, EQX Business Consultancy Private Ltd, told ET Wealth Online that the government has chosen to codify the exemption fo...
- CBDT issues conditions, forms to get income tax exemption on covid 19 help moneyThe Central Board of Direct Taxes (CBDT) has asked the family members who received ex-gratia from an employer of the deceased employee or a...
- Received money for covid-19 treatment from employer, relatives? Proofs needed to claim tax exemptionThe Central Board of Direct Taxes (CBDT) issued a notification on August 5, 2022, asking the employees to submit certain documents to the e...
- Union Budget 2011: Income tax exemption limit raised to Rs 1.8 lakhThe increase in the income tax exemption limit to Rs 1.8 lakh per annum would translate into a benefit of Rs 2,000 for all tax payers.
- Govt retains tax exemption to interest on housing loansThe government on Tuesday proposed to retain the income tax exemption for up to Rs 1.5 lakh paid as interest on housing loans in a year, a ...
- Income tax exemption limit raisedBringing cheer to the salaried class, the slabs for personal income tax have been revised with the exemption limit being raised from Rs 1.1...
- CEOs expect revision in income tax exemption: AssochamOver 90 per cent of India's CEOs surveyed by industry body Assocham feel that Finance Minister P Chidambaram is likely to enhance income ta...
- BJP demands increase in income tax exemption limitThe BJP today came out with its wish-list for the upcoming Union Budget, demanding that the income tax exemption limit be increased to Rs 1...
- Bill for Income tax exemptions introduced in LSA bill to grant income tax exemptions in certain areas and to reduce interest chargeable and payable to assessees was introduced in Lok Sab...
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