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PRESUMPTIVE TAX INDIA
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 ...- Bengaluru property tax: e-Khata open house to be held on May 30, 2026 at these areas under Bhoo Guarantee schemeBengaluru citizens can attend an e-Khata open house on May 30, 2026. This event, part of the Bhoo Guarantee- 6th guarantee scheme, offers o...
- 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...
- 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...
- Property partition after owner’s death: A guide for legal heirs to divide assetsPartition of a property means the legal division of jointly owned property among co-owners or legal heirs, severing joint occupancy into in...
- You have pension income and consultancy income; here's the exact ITR form you should be filing
- 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...
- Govt weighs extending presumptive tax regime to renewable energy sectorIndia is considering extending a presumptive tax regime to non-residents in the renewable energy sector, including bio energy. This move ai...
- Niti Aayog moves to simplify tax for foreign firmsIn its Tax Policy Working Paper Series -1: Enhancing Certainty, Transparency and Uniformity in Permanent Establishments and Profit Attribut...
- Budget 2025: Extension of presumptive tax regime to boost investment"Extending the presumptive taxation scheme to certain non-residents is a strategic step to incentivise foreign participation in India's gro...
- Budget 2025: Presumptive tax may cover emerging techThe February 1 budget may expand the presumptive tax regime to include sectors like data centres, AI, and green technology, raising the tur...
- Budget 2024: Dear FM Sitharaman, the taxing tax rules must goInterim Budget 2024: Perhaps no one knows more than the government that certain popular announcements involving little sacrifice of revenue...
- 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...
- 71% surge in ITRs filed till August; presumptive tax filers jump 8-foldThis was led by a massive eight-fold jump in returns filed by entities under the presumptive tax scheme and 54 per cent increase in e-filin...
- 2G spectrum case: CAG blasts CBDT logic on 2G loss numbersThe CAG went on the offensive against tax authorities, lambasting them for using semantics to challenge the auditor’s estimate of Rs 1.76 l...
- Central Board of Direct Taxes raises questions on CAG’s 2G scandal loss estimatesIncome-Tax Department do not calculate losses on a presumptive basis, CBDT has written to JPC investigating the 2G scandal.
- Query Corner: TaxationOur expert (Vaibhav Sankla, Executive Director, Adroit) guides you in matters relating to taxation. Email to etquerytax@indiatimes.com
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