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Six new rules for PPF, Sukanya Samriddhi Yojana, other small savings schemes with effect from October 1, 2024 Any unusual accounts must be sent to this department to be brought into compliance by the Ministry of Finance, as per the regulation. Six specific categories have been defined, and appropriate instructions have been provided
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How many days for ITR processing: Tax department could take approximately 18 days to process your ITR; here’s why As per the regulation, income tax returns must be processed within nine months of the end of the fiscal year after you file them
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Trying to use Capital Gains Scheme Account to cut LTCG tax on indexed gains from 20% to 12.5%? It won't work Otherwise, the indexed long-term capital gains will be taxed at 20% instead of 12.5%
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Sovereign Gold Bond: RBI announces SGB premature redemption dates for October 2024- March 2025, check details Note that premature redemption of the gold bonds is permitted after five years from the date of issue of such bonds
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LTCG tax on sale of house: Can you add home loan interest to property purchase price to cut capital gains tax? However, what if you opt for a new tax regime and claim no deduction of Rs 2 lakh? Can you still add interest cost to the purchase price to lower the LTCG and tax on it?
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26% ITRs yet to be processed after 22 days of the deadline, will your ITR come under scrutiny?
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No indexation benefit even for LTCG on debt mutual fund investments made before April 1, 2023 The new tax rules will impact debt mutual fund investments made on or before March 31, 2024, to avail of the indexation benefit. Redemptions and transfers made on or after July 23, 2024, will be taxed at the new LTCG tax rate of 12.5% without indexation benefit, provided debt mutual funds were held for more than 24 months
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More taxpayers getting defective ITR notice from tax dept this year; How to rectify the defect
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Rajnish Wellness stocks surge amid Indian Railways collaboration This partnership is expected to elevate the company's revenue and market share. Despite the optimism, analysts warned of potential risks including competition, changes in consumer behavior, and regulatory issues. They advised investors to seek comprehensive advice before investing
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Where is Cardano (ADA) price headed next? Here's one altcoin to buy instead Risks remain if it dips below $0.3 again. Emerging projects like PlayDoge, which combines retro gaming and meme culture, have gained popularity, raising $6 million during its presale for its unique play-to-earn model