Tag: income tax

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Direct tax collections rise 4.9%; advance tax up 3.9% in FY26 so far

Economy
India's direct tax collection for the financial year 2025-26 rose by 4.86% to Rs 5.45 lakh crore as of June 19, according to...

UAE rule, wary I-T to deter dodgy crypto deals

Economy
Mumbai: In the lane to launder money, the skill to move cryptos to control companies and properties in Dubai has been honed over...

India’s real GDP growth for FY26 may exceed 6.5 pc: ICRA

Economy
Leading ratings agency ICRA, in its latest outlook, has projected that India's real GDP growth for 2025-26 financial year will exceed 6.5 per...

Claimed HRA but skipped TDS? Income Tax department comes knocking with notices

Economy
Individuals who have claimed House Rent Allowance (HRA) exemptions in their tax returns over the past few years but failed to deposit the...

We’re 70 With a $1.4M IRA. Does a Roth Conversion Still Make Sense?

Market
Most people are going to end up somewhere in between, where converting to a...

I-T Department digs deep, explores unusual sources for info gathering

Economy
MUMBAI: Tax authorities are going to unprecedented levels in using the provision of the law that allows it to collect information from different...

Aam aadmi wants smaller biscuit packs, but brighter jewellery

Economy
India’s middle class is facing a peculiar shopping dilemma. On one hand, rising costs are pushing them towards smaller packs of daily essentials....

Budget 2025: FM Sitharaman makes new income tax regime more attractive for salaried taxpayers

Business
Latest income tax slabs: The slab rates are easy to remember, slab changes with every block of 4 lakh and corresponding tax...

Revamping I-T Act: Sitharaman to introduce revised bill half the length of current code for greater simplicity

Economy
Finance minister Nirmala Sitharaman will introduce a new income tax bill in parliament next week that will be half as long as the...

Budget 2025: Consumption gains focus, capex disappoints market expectations – Budget Outlook

Stocks
The Union Budget 2025 has shifted focus from capex to consumption, sparking market reactions. Sunil Singhania, Founder, Abakkus Asset Manager analyzes this shift,...

What brokerages expect from India’s union budget on Feb 1

Economy
India's federal government is expected to use next month's budget to stimulate economic growth through measures such as income tax cuts, although a...

Choose correct ITR to report foreign assets; 2 lakh such returns filed: CBDT official

Economy
As many as two lakh Income Tax Returns (ITRs) containing details of foreign assets and income have been filed during the current assessment...
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