Crypto assets to face more scrutiny: Transaction detail of to be reported to government by banks, others reporting entities, Budget 2025
Crypto transactions are now to be reported to the Income Tax Department through an method to be notified later. The G20 ...
New income tax slabs for FY 2025-26: 30% tax now starts at Rs 24 lakh, income up to Rs 20 lakh to be taxed at 20% in Budget 2025
The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...
Income Tax Budget 2025 LIVE: Who is likely to benefit most from FM Nirmala Sitharaman's tax slab change?
Finance Minister Nirmala Sitharaman in Budget announced new tax slabs in the new tax regime 2025, making it so that there is ...
Union Budget 2025: How compliance burden of senior citizens has been eased and how it works
Budget 2025 has raised the threshold for tax deducted at source and removed conditions on declaring a second house as self-occupied for tax purposes. The changes on TDS will benefit senior citizens.
Business Today5d
How to switch to the Old Tax Regime if your company opted for the New Tax Regime; check details
In ITR Form 1, taxpayers are given the choice to pick their preferred tax regime, granting them greater authority over their tax obligations. Opting out of New Tax Regime Individuals who wish to ...
Business Line8d
Some exemptions likely in new income tax regime, inflation adjusted income tax slabs possible: Rakesh Nangia
It has been taken away in the new regime. In my opinion, it should be given in some form or the other. The big question at this moment is how to boost consumption? What kind of tax benefits should ...
moneycontrol.com3d
Income Tax Expectations: Relief for taxpayers with higher exemption limits and revised slabs?
Income Tax Expectations ... in the form of lower tax rates and increased deductions. Speculation is rife that the government may introduce significant changes to the new tax regime, including ...
moneycontrol.com2d
Income Tax Expectations: Higher tax exemption, new slabs likely for salaried class
Income Tax Expectations ... in the form of lower tax rates and increased deductions. Speculation is rife that the government may introduce significant changes to the new tax regime, including ...
canadian-accountant6d
How to dispute your tax assessment under Toronto's 2024 Vacant Home Tax
Toronto has taken concrete steps to revamp the VHT regime for the 2024 tax year, including by expanding ways to file annual ...
Mint19d
Income Tax Deadline! With last two days to go, you can you claim 87A rebate with new ITR forms; check details
Notably, the income tax department recently released excel utilities for ITR forms ITR-2 and ITR3 to ... to claim the benefit of rebate under New Tax Regime if you have a special income such ...
The Financial Express5d
Budget 2025: Shift to calendar year tax system from financial year, tax experts to FM! Will it simplify or complicate your taxes?
With Budget 2025 around the corner and Finance Minister Nirmala Sitharaman set to present her 8th Budget overall and the 2nd under the Modi 3.0 regime, tax experts and taxpayers alike have high ...
Hosted on MSN18d
Income Tax Budget 2025: Will FM Sitharaman scrap old regime as new one gains popularity? Experts weigh in
No official announcements indicate that the government will abolish the old tax regime. However, discussions about its future have been ongoing. The new tax regime was introduced in the 2020 Union ...