So far, the CBDT chief said, as the new tax regime is concerned, the government is nudging the taxpayer towards opting for it and therefore this is being sweetened also, by way of changing tax slabs
The Budget has proposed to cut the rate of TDS to 2% from 5% earlier for rents paid in excess of Rs 50,000 by an individual or an HUF, for a month or part thereof
Revenue Secretary Sanjay Malhotra has clarified that rollover benefits will continue on capital gains of up to Rs 10 crore under the new structure
Holding period, quantum of gain to decide if new norms are beneficial
Budget 2024: In Bihar, the Vishnupad Temple Corridor and the Mahabodhi Temple Corridor are set to undergo comprehensive development
First 'Vivad se Vishwas' scheme for cases under the direct taxes or income tax category was brought out by government in 2020 and, according to the CBDT chief, it was quite successful
Penny Drop Verification is a process used to confirm the validity of a bank account
Indians have suffered a dip in their global mobility this year, with India dropping from 80th to 82nd place on the Henley Passport Index between January and July, implying that Indian citizens have vi
Cyber insurance is crucial for any organisation that uses digital systems and holds sensitive information
Owning a Singapore passport now gives you visa-free access to a record 195 global destinations, putting the city state at the top on the Henley Passport Index.
Choosing between the old and new income tax regimes to minimise your tax outgo can be challenging for many taxpayers. Here's the math to make you understand
The long-term capital gains tax on equity-oriented investments will also be spiked from 10 per cent to 12.5 per cent from July 23, 2024.
Budget 2024 removes indexation benefit for property sales, increasing capital gains tax.
Over two-thirds of individual taxpayers opted for new structure in FY24
What Budget 2024, presented by Modi govt 3.0, actually mean for the middle class, students, and more
Direct tax is a type of tax that is paid by an individual directly to the government
Rs 10 trn committed in the next five years to address housing in urban and rural areas
Parents can save for their minor kids and the plan can be converted into a full-fledged NPS account in future
Union Budget 2024: Finance Minister Nirmala Sitharaman has allocated Rs 1.48 trillion for education, employment, and skilling initiatives
Budget 2024: More than two-thirds of taxpayers adopted the new income tax regime in FY24, according to FM Sitharaman