income tax rules

Salaried individuals Need To file ITR-2 Form.Capital gains are referred to as the profits generated from selling assets like stocks, bonds, mutual funds, gold-silver, land, and property. When it comes to filing income tax returns,…

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With the onset of new financial year on April 1, several new income tax laws like the new tax regime being set as the default one to the increase in the tax rebate limits, came into effect. Under the new tax regime, an individual…

The increase in the tax rebate cap from 5 to 7 lakh will aid individuals with income under 7 lakh to qualify for exemptions. The new income tax regime will take over as the primary tax regime on April 1, 2023. Tax assessors will still have…

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Last Updated: February 01, 2023, 13:27 ISTThe NHM aims to screen 7 crore – to identify those with sickle cell disease – in the next three and a half years. (Representational Photo) Budget 2023: FM Nirmala Sitharaman announced today that the…

Edited By: Mohammad HarisLast Updated: January 26, 2023, 11:45 ISTIncome tax is levied on taxpayers on the basis of a slab system. The government, as per various media reports, has also held detailed discussions to overhaul the new personal…

<!-- -->The latest changes in income tax rules you should knowThree major changes in the Income Tax Rules, proposed in the Union Budget 2022, have come into effect from July 1. Every taxpayer should know about these latest updates. …

<!-- -->Under the new rules, existing PF accounts are likely to be divided into two parts.New Delhi: The Centre has planned to tax Employees Provident Fund (EPF) contributions exceeding Rs 2.50 lakh yearly.…

The income tax department has exempted certain non-residents and foreign investors from filing Income Tax Return (ITR) from 2020-21 onwards, a move aimed at easing compliance burden.Through a notification, the Central Board of Direct Taxes…