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Tax deductions of NPS: Know the details
NPS: Contributions made by an individual taxpayer towards the NPS Tier-I account are eligible for tax benefit under section 80CCD (1).
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Tax planning that benefits taxpayers not illegal, rules ITAT
ITAT held that long-term capital loss (LTCL) from one asset class may be set off against gains from another asset class.
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Net direct tax mop-up jumps 74% to Rs 5.70 lakh crore
The gross collection of direct taxes, before factoring in the refunds, for the FY 2021-22 stood at Rs 6,45,679 crore
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I-T portal: Infosys working with I-T department to streamline user experience
The company has been engaging with the Chartered Accountant community to resolve the portal issues.
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What are tax exemptions for startups in India?
The Income Tax Act has been amended to include a new section 54 EE that allows tax exemption for qualifying startups
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ITR filing: Beware of these mistakes
In this video, Money9's Priyanka Sambhav lists the six types of income that many taxpayers forget to mention while filing returns.
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Rise in Tax collection indicates brighter economic future
During the corresponding period of FY 2019-22, the pre-Covid year, the direct tax collection was Rs 4.4 trillion
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ITR filing FY21: 9 documents you need
The new ITR forms need a taxpayer's break-up of interest income received from sources like savings account, fixed deposits, etc.
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Here's a complete guide on income-tax benefits for startups
There is a wide difference between the number of start-ups recognised by the DPIIT and the start-ups granted deduction under section 80-IAC of I-T Act
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I-T Portal: Finance minister’s deadline over, taxpayers continue to face glitches
Infosys was tasked with ironing out all issues by September 15. Individual taxpayers continue to find it difficult to file their IT returns.
