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

Modi 3.0 Budget 2024 Expectations: What are Finance Minister Nirmala Sitharaman’s plans for taxpayers?

Modi 3.0 Budget 2024 Expectations: What are Finance Minister Nirmala Sitharaman's plans for taxpayers?

With the dawn of Modi 3.0, all eyes are eagerly set on the upcoming Union Budget of 2024, slated for presentation in July. Anticipation runs high among industries, farmers, taxpayers, and the middle class alike, as they await potential boosts and tax reliefs from Finance Minister Nirmala Sitharaman.  As the first budget of this new … Read more

ITR Filing FY24: 6 key points taxpayers must know as July 31 deadline looms large

ITR Filing FY24: 6 key points taxpayers must know as July 31 deadline looms large

With the deadline of July 31 to file income tax return (ITR) approaching fast, taxpayers are expected to be scurrying around to arrange the information required to for the return.  Although it is advisable to file your tax return as soon as possible, it is not recommended to do it sans proper home work. For … Read more