I-T department to conduct scrutiny where assessees failed to respond to taxmen's notices

<ul><li>The department will also undertake cases for scrutiny where specific information regarding tax evasion has been provided by any law enforcement agencies or regulatory authorities.</li></ul>

Taxation of EPF withdrawals in India: All you need to know

The Employee Provident Fund (EPF) in India is a significant retirement savings scheme offering financial security and tax benefits. This article provides an understanding of the taxation rules and guidelines governing EPF withdrawals, including taxable amounts, TDS deductions, and exceptions.

SIPs in debt mutual funds: Should investors pause their investment as LTCG benefit phased out?

With indexation benefits being removed, investors are compelled to rethink over their investing strategy. Does this mean that they should pause or stop their SIP in non-equity schemes such as debt or gold for the time being?

TCS on foreign remittances: Keep an eye on expenses to not bust the $250,000 limit: Sudhir Nayak

The tax collection at source has increased to 20% effective from July 1 on all remittances. However, the threshold of ₹7,00,000 and the old rate of 5% will continue to apply to remittance for the purpose of education or medical treatment.

Income Tax Filing: ITR forms 1 and 4 enabled with prefilled data. Details here

Income Tax return forms 1 and 4 are enabled for filing in online mode at the e-filing portal. Earlier, excel utilities for ITR 1, 2 &amp; 4 were already enabled.

Did you know you have to pay TDS on large cash withdrawals from a bank? We explain

Banks or financial institution deduct the TDS (tax deducted at source) when amount withdrawn is more than ₹20 lakh or ₹one crore as the case may be

As 20% TCS on foreign remittances is set to kick in, we untangle its mystery here

The higher rate of 20 percent will not be applicable when incidental expenses related to education and medical treatment are incurred.

Mahila Samman Savings Scheme: No TDS to be deducted on interest income

Tax deducted at source will not apply on interest earned on Mahila Samman Savings Certificate

Government plans to tax Netflix income in India: Report

Income tax department says the company has permanent establishment in India

How are ETFs taxed in India? MintGenie explains

ETFs are also taxed like other investments though the tax liability is different in each depending on the underlying investment and holding tenure.

Top Income Tax News

personal finance

I-T department to conduct scrutiny where assessees failed to respond to taxmen's notices

personal finance

personal finance

personal finance