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Prabhakar K S

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Gifting to minors: Know the tax tag it carries

Do gifting shares shift the tax burden to the minor child? Are there any tax implications for him? No.

31 March 2024, 22:11 IST

Gifting to minors: Know the tax tag it carries

Gifting to minors: Know the tax tag it carries

Gifting to minors: Know the tax tag it carries

31 March 2024, 22:11 IST

Electoral bonds: How the SC ruling impacts your tax exemption eligibility

The apex court’s ruling is prospective in nature rather than of retrospective. This means the electoral bonds related amendments were valid until the judgment pronounced day i.e. February 15.

03 March 2024, 20:53 IST

Electoral bonds: How the SC ruling impacts your tax exemption eligibility

Electoral bonds: How the SC ruling impacts your tax exemption eligibility

Electoral bonds: How the SC ruling impacts your tax exemption eligibility

03 March 2024, 20:53 IST

Relief from old tax demands: Read the fine print here

Given that the waiver is not a blanket one, let’s try to understand its nuances, the government’s compulsion and what is yet to be unravelled.

05 February 2024, 00:15 IST

Relief from old tax demands: Read the fine print here

Relief from old tax demands: Read the fine print here

Relief from old tax demands: Read the fine print here

05 February 2024, 00:15 IST

New Year: New income tax regime, returns and obligations

The Union Budget 2023-24 has enhanced the turnover threshold limit in the presumptive taxation scheme under section 44AD from Rs 2 crore to Rs 3 crore if the receipts in cash do not exceed 5% of the total turnover or gross receipts during the previous year.

31 December 2023, 22:50 IST

New Year: New income tax regime, returns and obligations

New Year: New income tax regime, returns and obligations

New Year: New income tax regime, returns and obligations

31 December 2023, 22:50 IST

Don’t miss the final window to file your ITR, or correct it

A taxpayer is eligible to file only one updated return per AY. For the AY 2021-22 (FY 2020-21), an updated return in Form ITR U has to be filed by on or before March 31, 2024.

04 December 2023, 00:08 IST

Don’t miss the final window to file your ITR, or correct it

Don’t miss the final window to file your ITR, or correct it

Don’t miss the final window to file your ITR, or correct it

04 December 2023, 00:08 IST

Gold buys: Know the government mandates

As far as GST is concerned, a special rate of 3% will be levied on the purchase of gold bars, coins and jewellery and an additional 5% on making charges for jewellery.

12 November 2023, 23:48 IST

Gold buys: Know the government mandates

Gold buys: Know the government mandates

Gold buys: Know the government mandates

12 November 2023, 23:48 IST

Know the tax your retirement benefits attract

Gratuity received at the time of resignation, retirement or death is fully exempt from tax for a government employee.

29 October 2023, 22:56 IST

Know the tax your retirement benefits attract

Know the tax your retirement benefits attract

Know the tax your retirement benefits attract

29 October 2023, 22:56 IST

Changed I-T rules just made rent-free accommodation less taxable

Unlike house rent allowance (HRA) which is a financial allocation made in your salary, rent free accommodation (RFA) allows you to occupy a property owned or leased by your employer, free of cost or at a concessional rate.

19 September 2023, 13:46 IST

Changed I-T rules just made rent-free accommodation less taxable

Changed I-T rules just made rent-free accommodation less taxable

Changed I-T rules just made rent-free accommodation less taxable

19 September 2023, 13:46 IST

Explained | What to do about income tax notices on under-reporting/misreporting of income

On receipt of such a notice, the taxpayer is required to submit online his/her response with all the necessary documentary proofs sought within the prescribed time.

15 August 2023, 05:46 IST

Explained | What to do about income tax notices on under-reporting/misreporting of income

Explained | What to do about income tax notices on under-reporting/misreporting of income

Explained | What to do about income tax notices on under-reporting/misreporting of income

15 August 2023, 05:46 IST

Beware: I-T Dept’s right to ‘set-off’, withhold refunds

et us get acquainted with how and what authority the revenue department has to initiate such action and the appropriate response of the assessee

23 July 2023, 23:29 IST

Beware of I-T Dept’s right to ‘set-off’ or withhold your refunds

Beware of I-T Dept’s right to ‘set-off’ or withhold your refunds

Beware: I-T Dept’s right to ‘set-off’, withhold refunds

23 July 2023, 23:29 IST