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Use this index to save taxes on your profit!
Cost Inflation Index is used to calculate the real profit from sale of a capital asset like property, gold, unlisted shares by adjusting to inflation
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RBI could pay Rs 1 lakh cr dividend
In FY24, the RBI transferred Rs 87,416 crore to the government and if the figure of Rs 1 lakh crore is achieved, it would be more than 14% higher than
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Pay attention to credit score
While loans may sometimes be easily accessible, there are occasions when both banks and non-banking financial institutions decline loan requests
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Dont make these mistakes, lest you get an Income tax notice
If you deposit more than Rs 1 lakh in cash at a single go towards your credit card bills, the Income Tax Department may send you a notice. Not only th
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Net I-T collections zoom 20% to Rs 19 lakh cr
Income-tax collections have risen sharply on back of high advance tax collection
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Tax disputes for amount up to Rs 25k waived
FM said that the demand from those who had outstanding tax of up to Rs 25,000 till the financial year 2009-10, will now be waived off
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Higher social sector allocation likely on robust tax mopup
The government has targeted Rs 18.23 lakh crore collection from direct taxes in this fiscal. Till January 10, the mop-up stood at Rs 14.70 lakh crore,
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Earned interest? Now pay taxes!
The taxpayer is required to show interest earnings from all their savings accounts within a financial year in his ITR under the head Income from other
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89% say getting faster I-T refunds: CII
As many as 89 per cent of individuals and 88 per cent of firms say that there has been a big reduction in waiting time to get an income tax refund b
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Tax on income from gifts to minors
Clubbing of income will remain applicable till the child attains adulthood. After attaining adulthood, this income will be taxable in his own han
