NPS: Contributions made by an individual taxpayer towards the NPS Tier-I account are eligible for tax benefit under section 80CCD (1).
ITAT held that long-term capital loss (LTCL) from one asset class may be set off against gains from another asset class.
The gross collection of direct taxes, before factoring in the refunds, for the FY 2021-22 stood at Rs 6,45,679 crore
The company has been engaging with the Chartered Accountant community to resolve the portal issues.
The Income Tax Act has been amended to include a new section 54 EE that allows tax exemption for qualifying startups
In this video, Money9's Priyanka Sambhav lists the six types of income that many taxpayers forget to mention while filing returns.
During the corresponding period of FY 2019-22, the pre-Covid year, the direct tax collection was Rs 4.4 trillion
The new ITR forms need a taxpayer's break-up of interest income received from sources like savings account, fixed deposits, etc.
There is a wide difference between the number of start-ups recognised by the DPIIT and the start-ups granted deduction under section 80-IAC of I-T Act
Infosys was tasked with ironing out all issues by September 15. Individual taxpayers continue to find it difficult to file their IT returns.