Searched for
PRESUMPTIVE INCOME
ITR filing for FY 2025-26: Key changes in due dates, ITR forms, and F&O disclosure rules taxpayers must knowThe deadline for filing income tax returns for FY2025-26 has arrived, with new rules and forms in effect. Notably, ITR 3 and ITR 4 filings ...- Lady sold apartment, took Rs 2.5 lakh cash, bought new apartment from son-in-law, paid no tax, got income tax notice; she fights back and wins case in ITAT ChennaiA Chennai woman successfully appealed a tax notice after selling her apartment for Rs 35.5 lakh, including Rs 2.5 lakh in cash, and buying ...
- Invested in US stocks directly and made forex gains due to depreciating Rupee? Know how to compute tax on forex gains and report it in ITRIndian residents investing in US stocks face forex gains tax. These gains are taxable as capital gains when US dollars are converted back t...
- Key changes in ITR 1, 2, 3 and 4 forms in FY 25-26: Reporting of LTCG, buyback losses, F&O, intra-day trading & more; what new forms includeThe Income Tax Department has revised ITR forms for FY 2025-26, introducing new disclosure requirements for capital gains, trading, and for...
- Earn Rs 75 lakh, pay tax on Rs 37.5 lakh: how doctors and lawyers are doing it the legal way
- US-based son gets tax notice in India over Rs 11 lakh cash deposit made on behalf of parents during demonetisation; ITAT Delhi cancels notice for this reasonA US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account d...
- From ₹1K gigs to ₹70 lakh hustle: Techie quits moonlighting to reclaim LifeA young platform engineer from a tier-3 college revealed his intense moonlighting journey, juggling two remote roles to earn Rs 70 lakh ann...
- CIC flags lack of tracking system for tax evasion complaints, urges GST authorities to improve transparencyThe Central Information Commission has urged GST authorities to implement a system for tracking tax evasion complaints. Currently, complain...
- Income Tax Dept tightens disclosure norms under presumptive taxation schemeStarting from the assessment year 2026-27, a new mandate will compel taxpayers utilizing the presumptive taxation system to reveal their ba...
- You have pension income and consultancy income; here's the exact ITR form you should be filing
- New ITR forms alert: Secondary address field added, what taxpayers must knowNew Income Tax Return forms are here for Assessment Year 2026-27. A key change is a new field for a secondary address. Contact details are ...
- New ITR forms for AY 2026-27: NRIs opting for new presumptive income scheme have to make this separate disclosure additionallyNew ITR forms for AY 2026-27 mandate Non-Resident Indians (NRIs) opting for the presumptive income scheme to separately disclose gross rece...
- Should you be a salaried person or consultant if your annual income is Rs 60 lakh?The Budget 2023 has proposed many changes in the new tax regime and presumptive taxation scheme. The proposed changes have asked the indivi...
- Presumptive taxation eligibility limits enhanced for professionals and MSMEsEarlier MSMEs with annual turnover up to Rs.2 crore and Professionals with income up to Rs.50 lakh were allowed to go for presumptive taxat...
- Partnership structures' presumptive income could come under taxman's lensPartnership structures, which are considered effective for taxation purposes, are set to attract the tax department’s attention after the M...
- Over 5.08 crore ITRs for 2019-20 filed till January 5Over 38 lakh ITR-2 (by people having income from residential property) were filed till January 5, 2021. ITR-5 (by LLP and Association of Pe...
- CBDT releases ITR Form-4 for presumptive income from business and professionITR 4 is to be filed those individuals and HUFs who have opted for presumptive income scheme for income from business and profession in the...
- FAITH hands over GST representation to Ministry of FinanceFAITH has asked to have a GST rate of 5% closest to the current rate and if not possible then 12% for rent a cabs.
- Budget 2016: Fewer tax hassles for professionalsProfessionals will now be able to file taxes via a simpler ITR-4S form instead of the lengthier ITR 4.
- MoF reviews tax hike for truckersNEW DELHI: In what may turn out to be Yashwant Sinha's first tax proposal roll back, the Finance Ministry is reconsidering the hike in pres...
Load More
