Filing ITR soon? Can you still pick a different tax regime?
Section 115BAC of the Income Tax Act lays down the tax slabs and rules applicable under the new tax regime.
Date: 18/04/2025 / Source: Financial Express
Read more..Income Tax Returns AY2025-26: Key Documents Required to File ITR
It is not necessary to attach any documents while filing your returns. However the details given in various documents will have to be used while filling up the online form.
Date: 17/04/2025 / Source: Financial Express
Read more..How much cash can you receive in a day without getting an Income Tax notice?
Under section 269ST of the Income Tax Act, receiving more than Rs 2 lakh in cash is prohibited, whether it is a single transaction or the sum of many transactions on the same occasion.
Date: 16/04/2025 / Source: Financial Express
Read more..Income Tax Returns AY2025-26: 5 key things for first-time taxpayers to keep in mind while filing ITR
Those filing their returns for the first time must also choose between two tax regimes (with different deduction amounts) and link their PAN and Aadhaar cards in order to enable electronic verification.
Date: 15/04/2025 / Source: Financial Express
Read more..Buying health insurance: 7 things to check before taking this important step
Read the customer reviews on Google and other social media platforms. Look for an insurer with a high claim settlement ratio, low complaint numbers, and positive online reviews.
Date: 14/04/2025 / Source: India TV
Read more..ITR filing 2025: 5 must-do things before filing ITR online
The filing of income tax return (ITR) is compulsory for those individuals whose annual income is above the basic exemption limit. According to the Old Tax Regime, the basic exemption limit is still Rs 2.5 lakh for general taxpayers under 60 years of age.
Date: 07/04/2025 / Source: Financial Express
Read more..Here's how NRIs can benefit from buying health, term insurance in India
NRIs can claim a GST refund on insurance premiums, which makes purchasing Indian policies more affordable
Date: 04/04/2025 / Source: Money Control
Read more..Income Tax Return 2025: I-T department upgrades ITR-2 filing process, know new changes
The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is designed for individuals and Hindu Undivided Families (HUFs) who do not have any business or professional income.
Date: 03/04/2025 / Source: Financial Express
Read more..How to avoid insurance claim rejections: Top mistakes to watch out for
The Insurance Regulatory and Development Authority of India (IRDAI) reported that 11% of health insurance claims were denied in FY24, totalling ₹26,000 crore in repudiated claims.
Date: 01/04/2025 / Source: CNBC
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