20 Jul 2019, 12:47 PM IST Individuals now have to deduct tax at source in multiple situations.
20 Jul 2019, 09:43 AM IST This year especially there is a strong case for the extension of the due date and there are many reasons for this.
19 Jul 2019, 04:31 PM IST Previously, there was confusion among taxpayers on whether it is was mandatory to report the scrip-wise details as provided for in the updated software utility.
19 Jul 2019, 10:31 AM IST According to the latest update, the department has started providing pre-filled XML file containing details such as employer details, allowances and so on.
19 Jul 2019, 10:25 AM IST As per the recently notified changes, an individual who is a director in a company or who holds unlisted shares, cannot use ITR 1.
18 Jul 2019, 10:29 AM IST LTCGs of more than Rs 1 lakh on the transfer of listed shares and units of equity mutual funds are taxable from FY 2018-19 onwards.
18 Jul 2019, 09:31 AM IST Individual can file ITR-1 either by downloading excel utility from e-filing website or by 'Prepare and Submit Online' without downloading any software.
17 Jul 2019, 08:22 PM IST Officials said the higher return filing is on account of convenience, mainly due to pre-filled return forms.
16 Jul 2019, 09:11 AM IST The income tax department has tweaked the process of claiming the tax refund from this year.
15 Jul 2019, 06:30 AM IST ET Wealth tells readers how they can optimise their tax by rejigging their income and investments.
15 Jul 2019, 06:30 AM IST Nearly all taxpayers have income from other sources but few declare. Find out how to report such incomes.
15 Jul 2019, 06:30 AM IST The ITR forms to be selected depends upon the sources of income of the taxpayer, the amount of income earned and the category the taxpayer belongs to.
12 Jul 2019, 07:21 PM IST Garg expressed flexibility that grandfathering tax on buybacks can be discussed with the revenue department.
12 Jul 2019, 09:03 AM IST In this article, we explain the quickest way to file the return in Form ITR-1 using illustrations.
10 Jul 2019, 12:23 PM IST Here is a look at the tax proposals announced in both the budgets and their tax impact on your pocket.
10 Jul 2019, 10:37 AM IST Making Aadhaar and PAN interchangeable for return filing and quoting either for transactions indicates the Government's will to use Aadhaar to track all financial transactions.
10 Jul 2019, 08:46 AM IST Confused about what figures to check in the revised Form 16? Here's all that you need to know.
8 Jul 2019, 10:54 AM IST To arrive at the capital gain, you will have to reduce the indexed cost of acquisition from the selling price.
8 Jul 2019, 06:30 AM IST The minority that accounts for its income and pays taxes every year is lonely in its faith and sense of duty.
8 Jul 2019, 06:30 AM IST The hike in the tax surcharge will affect only super-rich taxpayers earning over Rs 2 crore. But a few other proposals are aimed at small taxpayers.
7 Jul 2019, 11:07 AM IST In the new system, if one's income increases by Re 1 from Rs 2 cr or Rs 5 cr, his tax liability will go up.
7 Jul 2019, 10:44 AM IST Sitharaman in the Budget proposed to hike surcharge from 15% to 25% on taxable income between Rs 2-5 cr.
6 Jul 2019, 01:15 PM IST From knowing how to maximise your annual income to the personal income tax googlies you need to look out for, here's all the help you need to up your tax game post Budget 2019.
6 Jul 2019, 12:34 PM IST Pick the case study nearest to your annual salary to determine the Budget impact on your savings and taxes.
6 Jul 2019, 11:20 AM IST Here's what the tax slabs and the new higher surcharges on the rich and super-rich now look like, post yesterday's announcements in Budget 2019.
6 Jul 2019, 10:57 AM IST An individual taxable at 30% can save Rs 45,000 if he claims Rs 1.5 lakh as deduction under section 80C.
6 Jul 2019, 10:13 AM IST From April 1, 2018, LTCGs in excess of 1 lakh arising on sale of listed equity shares, equity-oriented mutual funds held for more than 12 months are taxable at 10% (without indexation benefit).
6 Jul 2019, 10:08 AM IST Find out which income class household has benefited and suffered the most in terms of tax liability.
6 Jul 2019, 09:50 AM IST The rich and super-rich will have to pay out quite a bit more, owing to a steep increase in surcharge.
2 Jul 2019, 12:07 PM IST Some incomes are tax-free, some allow deductions. In such a scenario, computing taxable income is challenging.
1 Jul 2019, 10:59 AM IST "Short-term capital loss can be set off against short-term capital gains as well as long-term capital gains."
1 Jul 2019, 06:30 AM IST ET Wealth tells readers how they can optimise their tax by rejigging their income and investments.
29 Jun 2019, 10:24 AM IST Although the standard deduction was further increased to Rs 50,000 in the 2019 interim budget, this still seems inadequate if you look at the exemptions available to a consultant.
28 Jun 2019, 10:42 AM IST Salary, FD interest income and TDS were earlier manually entered by the individual in the ITR-1 form.
27 Jun 2019, 09:52 AM IST To file ITR, you must first register yourself on the e-filing website of the income tax department.
26 Jun 2019, 12:55 PM IST Here is a look back at the various income tax changes introduced by the Modi government in their first term.
24 Jun 2019, 10:56 AM IST You can revise your return till July 31, 2019, to save any penal interest on the incremental tax liability.
21 Jun 2019, 12:51 PM IST Dilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
20 Jun 2019, 11:50 AM IST There are certain cases where ITR-1 will not apply to salaried individuals for financial year 2018-19.
20 Jun 2019, 10:37 AM IST Here are some expectations of the common man that the government could consider in the upcoming budget.
17 Jun 2019, 10:51 AM IST If you reinvest the earnings from your investment and earn further income, then such income will not be clubbed with the husband’s taxable income.
17 Jun 2019, 06:30 AM IST ET Wealth tells readers how they can optimise their tax by rejigging their income and investments, like in this salaried taxpayer's case.
14 Jun 2019, 10:21 AM IST The deadline to file an income tax return varies for different categories of taxpayers such as individuals, company etc.
13 Jun 2019, 09:30 AM IST The ITR form allows only consolidated figures instead of reporting each transaction separately.
12 Jun 2019, 10:33 AM IST Through e-wallets and UPI, it has become easy to send and receive money through your phone. Often, debts to friends may be settled in this manner.
10 Jun 2019, 11:16 AM IST If you wish to give a share of the holdings to your sister, you will have to sell the units and gift the amount received from the sale.
10 Jun 2019, 06:30 AM IST Anju Shah could save over Rs 42,000 in tax if she opts for tax-free allowance and the NPS benefit offered by her company. Here's how.
10 Jun 2019, 06:30 AM IST It is important for the assessee to first link the PAN to the bank account to be able to prevalidate the bank account.
10 Jun 2019, 06:30 AM IST Find out what you should do to avoid getting a notice for small errors on income tax returns.
10 Jun 2019, 06:30 AM IST Mistakes while filing ITR can fetch you a tax notice. Here's how you can respond to such tax notices.
