In this article, we will dive deep into both tax regimes - Old Tax Regime and New Tax Regime. The write-up will explain ...

A taxpayer can switch to the old income ... Tax Return (ITR), subject to certain conditions and procedural requirements laid down under the Income Tax Act, 1961. Under the dual tax regime structure ...

Changes expected in the return of income AY 2025-26 Kinjal Bhuta ... as per the taxation of dividends under Section 22(2)(f). In the case of capital gains, the short-term capital gains tax rate for ...

Sabra, an elderly daily wage worker, lives in a slum area with her husband, who also works as a daily wage labourer. She has been directed to respond to the notice by April 17. Listen to Story Income ...

Last week Swiggy received an assessment order with an additional tax demand of over Rs 158 crore for the period between April 2021 and March 2022. The order has been issued by Deputy Commissioner of ...

The Income Tax Department has imposed a ₹944.2 crore penalty on IndiGo for the 2021-22 assessment year, the airline said on Sunday, attributing the order to an “erroneous understanding”. The airline ...

Necessary action u/s 148A of the Income-tax Act, 1961 in respect of the above disseminated cases for AY 2019-20, 2020-21 and 2021-22 under RMS Cycle-5 shall be taken after taking into account all ...

Sample this — as per the last available data from Assessment Year 2021-22, 6.33 crore taxpayers in India ... s pockets," the PM said. ALSO READ | Income Tax Rates In Budget 2025: New Regime Gets A 25% ...

The slab rate system of taxation has been a cornerstone of India’s tax framework since ... where the effective tax rate on gross income stood at 9.55% for AY 2021–22, 9.66% for AY 2020 ...

Income (Rs) Tax Amount in AY (2019-2020) Tax Amount AY (2020-2021) Rebate in AY (2019-2020) Rebate in AY (2020-2021) ...

The entire tax return filing and processing has been substantially digitized which makes it easier to check the status of tax returns on-line. Once the tax return is filed, the income tax ...