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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?
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Now, you will have to tell how much cash did you receive!
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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?
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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?
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The Income Tax Department has notified ITR forms 1 and 4, which are filed by individuals and entities with annual total income of up to Rs 50 lakh, for assessment year (AY) 2024-25.
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Old people keep gold in the form of jewelery or coins. Nowadays, apart from the traditional method, there are also options like Gold ETFs, Gold Savings Funds and Sovereign Gold Bonds... When and how is gold taxed? When is the income from gold considered as long term capital gain?
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According to the information given in parliament, in the financial year 2022-2023, 5,16,15,155 people did not pay any taxes, while 7,40,90,046 filed income tax returns.
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The tax collections are in tandem with the growth of the economy at 7.6% in Q2 (July-September) of FY24, which beat the expectations of many.
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Buying a new house? Know taxes you have to pay!
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The month of December is very important from the point of view of tax planning. If you have not done tax planning yet, do it now. How to choose a tax regime before tax planning? Which tax regime is right for which person? What deductions are available in the old tax regime?
