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The IT Dept has tightened its grip against those who evaded tax by donating to small political parties. Notices have been sent to about 5,000 taxpayers. How was this whole game of tax evasion going on? How did Income Tax come to know about this? What things you should keep in mind while you claim tax deduction on donations?
According to Central Board of Direct Taxes (CBDT), the cap of Rs 1 lakh includes wealth tax, gift tax and income tax. It is not only pertaining to income tax.
Many people transfer money r\from one mutual fund scheme to another.
The time has come to give account of the savings you have made to save taxes in the financial year 2023-24.
There is a lot of confusion regarding difference new and old tax regime. Let us find out tax benefits you get in the old tax regime. How much tax can you save?
For the current fiscal year, the Centre has budgeted a net tax revenue Rs 23.3 lakh crore.
What is ELSS? How suitable is it for tax saving? Who should invest in ELSS? What are the benefits of doing tax planning at the beginning of the financial year?
Now, you will have to tell how much cash did you receive!
According to a recent survey, the old tax regime is still the first choice of the people. Only 37 percent people want to shift to the new tax regime. What is the reason why people do not want to leave the old tax regime? For whom is the new tax regime suitable?
The Income Tax Department has introduced a new feature to simplify the process of Income Tax Return (ITR) filing. Its called 'Discard Return'. What is discard return and what is it useful for?