Income Tax Returns: Exemptions and deductions that are still allowed under new tax regime

Income Tax Returns: Exemptions and deductions that are still allowed under new tax regime

As a taxpayer, you must be aware of the fact that the new tax regime is now the default regime. Therefore, one has to opt for the old tax regime in case they want to avail one or more tax deductions and exemptions. The last date to file income tax return for financial year 2023-24 … Read more

Income Tax: What is your default regime— old or new? Key things you should know before filing ITR

Income Tax: What is your default regime— old or new? Key things you should know before filing ITR

As the last date to file the income tax return (ITR) looms closer and you have not yet filed the return, it is imperative to first decide the tax regime you plan to opt for. One should file their ITR by July 31 of a financial year to avoid penalties.  It is noteworthy to mention … Read more

Invested in cryptos this year? You will have to pay tax at this rate…

Invested in cryptos this year? You will have to pay tax at this rate…

If you have invested in cryptocurrencies in the financial year 2023-2024, then the chances are that you earned significant profits in the year gone by. Most top crypto currencies reported noticeable jump in their prices in the past few months. Bitcoin rose nearly 108 percent in the past one year, while ether rose nearly 80 … Read more

Income Tax Return filing: 60 days to go! A lowdown on the tax forms you can opt for

Income Tax Return filing: 60 days to go! A lowdown on the tax forms you can opt for

As the deadline of July 31 to file income tax return (ITR) for FY 24 draws closer, taxpayers are expected to scurry through their files and folders to arrange the documents they require.  Most documents are generally available online, so are the income tax return filing forms on income tax e-filing portal. Taxpayers are expected … Read more