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Tax free settlement of family assets: How Godrej like family arrangement can help in redistribution of wealth among members without capital gain tax Further using this method eliminates the possibility of the family memebers paying any capital gains tax. The Godrej family recenlty used this process. Read here to know how you too can use family arrangement process
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CBDT brings new update in income tax AIS; now you can check the status of correction request; Here's how it works
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Taxpayer is entitled to claim benefit of exempted income in revised ITR if it is filed within the deadline
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Income tax filing: 3 updated utilities available for filing this ITR form for AY 2024-25; find out which one works best for you To help you file ITR-3 easily, the income tax department has launched online, offline using Java and Excel based utilities. But which one is better?
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Dealing with income tax notices, intimations or letters? This new feature in ITR portal will make your life easier
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Sovereign gold bonds premature withdrawal in May can get 16.5% returns; key points to keep in mind while exiting SGB early How much tax will you have to pay if you withdraw prematurely? ET Wealth Online explains the nitty-gritty of premature withdrawal of sovereign gold bonds and the key aspects an investor must consider before going for it
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Misuse of PAN for fake HRA claims under I-T dept radar: What should landlord do in case of a fake claim?
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Individuals get relief from income tax demand for short deduction of TDS due to inoperative PAN of deductee
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New vs old tax regime - which is beneficial for you? Amount of deductions you can claim decides The simple answer to that is the amount of deductions claimed by you in the old tax regime. However, the amount of deductions that must be claimed by you varies for every different income level
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Proof of HRA claims of previous years; can you really take it easy after CBDT's assurance of no review of old HRA cases This is despite CBDT saying in a press release that there is no special drive to identify fake HRA claims