ITR filing in December: Belated, Revised income tax returns vs ITR-U - know the difference & details
A belated return refers to the income tax return that is filed after the deadline, that is July 31 of a given assessment year ...
Income Tax: 5 key points to consider before submitting proof of investments to your employer
Employees are supposed to submit proof of their investment before the end of the calendar year in order to claim exemption in ...
Income tax relief in Budget 2025? Govt mulling relief for lower income tax bracket
Finance Minister Nirmala Sitharaman's upcoming February 2025 budget is expected to offer tax relief to lower-income groups ...
How footballers are impacted by UK tax regime amid end of domicile
The end of domicile within the UK tax system requires footballers and their advisers to rethink tried and tested tax planning ...
LaHood’s Tax Bill: Residence-Based Tax For Americans Abroad
Rep. LaHood's new bill aims to replace U.S. citizenship-based taxation with residence-based taxation, easing burdens for ...
Posts falsely claim proposed Nigerian tax regime to impose a 24% levy on inheritance assets
Nigerian President Bola Tinubu presented four bills to parliament as part of his attempts to overhaul the country's fiscal ...
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Deadline to file belated, revised ITR for FY23-24 ends on Dec 31: Key details
A belated return is filed under Section 139(4) of the Income Tax Act if the original deadline is missed. Taxpayers filing ...
Who is RBI Governor-designate Sanjay Malhotra?
Sanjay Malhotra, who is from Rajasthan, is known for tax reforms, appointed RBI Governor, with expertise in finance and ...
Republic Business on MSN5d
Budget 2025 Expectations: Old Tax Regime To Permanently Go?
The Indian tax landscape is on the brink of transformation as Finance Minister Nirmala Sitharaman prepares to unveil Budget ...
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Notice issued u/s. 148 after period of six years for AY 2015-16 is barred by limitation: ITAT Mumbai
ITAT Mumbai held that validity of notice issued under section 148 of the Income Tax Act for AY 2015-16 is six year which expires on 31.03.2022. Accordingly, notice issued on 29.07.2022 u/s. 148 is ...
Income tax investment declaration: When you change job, this is what you should do
There are some taxpayers who don’t realise that the new employer must be told about the investment declaration made to the ...
Canada pressured to respond to potential new US tax regime
OTTAWA: Donald Trump’s planned tax cuts would wipe out Canada’s slim corporate tax advantage, likely driving more capital ...