Tag: income tax

The S&P 500 and Nasdaq ended lower on Friday, with investors on edge over the Iran-Israel conflict heading into the weekend, as the U.S. considers whether to get involved. Trading was choppy for much of...
Mumbai : Markets regulator Sebi has proposed a five-point plan for adoption and use of artificial intelligence-machine learning (AI/ML)based technologies in the Indian securities market. Those are model governance, investor protection disclosure, testing...

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

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

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?

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

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

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

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

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

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

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

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

A Tax-Saving Strategy for Your RMDs You Might Not Have Heard About

Everybody hates being told what to do, and retirement investors hate it even more when...

I’m Going to Do a Roth Conversion on $250k. Can I Use the Converted Funds to Cover the Taxes?

I want to do a Roth conversion from my traditional IRA in the amount of $250,000. It’s my understanding...

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