New tax rules to no LTCG benefits on debt MFs: 7 key changes that are coming into effect from April 1

The government has announced a slew of changes in the income tax rules that will come into effect from the new financial year 2023-24.

Top reasons for which you could receive an income tax notice

How To Check Income Tax Refund, TDS And Other Details Using AIS for Taxpayer App

AIS For Taxpayer: The taxpayer needs to register on the app by providing PAN number, authenticate with the OTP sent on mobile number and e-mail registered.

5 common mistakes to avoid while filing your income tax returns

In this article, we will discuss five common mistakes to avoid when filing income tax.

New tax regime, other rules to roll out from April 1. Here’s what taxpayers need to know

From April 1st, the new tax regime which was announced in Budget 2023 will come into effect. Finance Minister Nirmala Sitharaman in her budget speech announced new income tax slabs and decided to make it a default tax regime. However, the old income tax slabs regime has not been abolished as well.

Additional relief under new tax regime to those with over Rs 7 lakh/year taxable income

In the Union Budget for 2023-24, the government expanded the scope of full rebate on income tax under the new tax regime to an annual taxable income of Rs 7 lakh from Rs 5 lakh earlier.

Finance Bill 2023 passed in Lok Sabha: Capital gain from debt mutual funds to be taxed as per income tax slab

Now capital gains from debt mutual funds will be treated as short term capital gains, bringing it at par with FDs.

Looking for income tax saving options at the last moment? Here’s what you can consider

There is not much time left to file your taxes. This also means that you must choose your tax-saving investments in a huff if there are none.

Income Tax: Are All Donations 100% Exempted From Tax? Know Key Things Before Claiming Deduction

Income Tax Return: You need to check the exemption limit on your donation receipt and claim deduction accordingly while filing your return.

Six High-value Cash Transactions That Can Attract Income Tax Notice

The CBDT has made it mandatory for a bank or a cooperative bank to disclose cash deposits in one or more accounts of a person totalling Rs 10 lakh or more during a financial year.