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Double tax for NRIs if this form is not filed and foreign tax credit is not claimed

Retail investors to be hit harder by new share buy-back rule from Oct 1: Here's the maths Many companies are flurrying the market with buy-back before the new rules become effective. The small and retail investors will lose much more due to new share buy-back tax rules

No income tax rebate u/s 87A despite total income below Rs 7 lakh in these cases

NPS investment can save tax in new tax regime as well; here's how This limit is higher at 14% for taxpayers like Roy who have opted for the new tax regime. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments

Received tax refund? You can still file revised ITR by December 31, 2024 for FY 2023-24

ITR refund status FY2023-24: 4 different income tax refund statuses; 8 reasons for refund failure Nonetheless, the refund will only be granted once the tax department has processed your ITR and issued a notice confirming it

How to make gold investments tax efficient after Budget 2024 changed capital gain rules: New STCG, LTCG rates on gold, gold MF, gold ETF, SGB The recent changes in capital gains tax rules introduced in Budget 2024 have significant implications for those who invest in gold. We delve into the new short-term and long-term capital gains tax rules and their impact on various gold investment avenues, including physical gold, gold bonds, gold mutual funds and gold ETFs

NPS tax benefits: National Pension System tax deductions you can claim under old and new income tax regimes Its main purpose is to ensure a regular pension income for individuals after they retire. You can avail tax benefits for NPS under three sections of the Income-tax Act, 1961 in India: Sections 80CCD (1), 80CCD (1B), and 80CCD (2). Now, let's delve deeper into each of these sections

ITR not processed, income tax refund pending? I-T dept can legally take till end of 2025 to process it The income tax laws mandate the deadline by which the income tax department must process the tax return. Read on to know the due date for the same