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1 week, 3 days ago

Rajasthan High Court Monthly Digest: November 2024

Live Law

Citations: 2024 LiveLaw 328 To 2024 LiveLaw 377 NOMINAL INDEX Jakir Khan v State of Rajasthan & Anr. Title: Banwari Lal Kushwah v State of Rajasthan Citation: 2024 LiveLaw 334 Rajasthan High Court allowed the bail application of an accused charged under Sections 420 and 406 IPC, on grounds of Section 480 BNSS, since the trial did not conclude within …

India Rajasthan Justice Supreme Court High Court Dental 2024

2 weeks ago

Income tax implications for Indian consultants with overseas earnings— Explained

Live Mint

I worked for more than 182 days in Oman, so the income earned in Oman will not be taxable in India. Will the income earned in India in Indian rupees be taxable, although I have worked more than 183 days in Oman last year? Since you have not been in India for 182 days or more, you are non-resident for …

India Tax Indian Income Tax Income Itr Oman

2 weeks, 2 days ago

How gains through margin trading facility transactions are taxed in India

Live Mint

The margin trading facility is a powerful financial instrument. The tax treatment of this interest depends on whether the income from MTF transactions is categorized as capital gains or business income. While interest expenses on borrowed funds are capped at 20% of dividend income for dividends, no specific provision under the Income Tax Act allows the deduction of interest expenses …

Income Capital Gains Set Itr Losses Transactions Ltcg

3 weeks, 2 days ago

LPG price revisions, Aadhar card updates: 7 key changes coming into effect from Dec 1

Hindustan Times

Several key rule changes are set to be implemented from December 1, which will affect daily finances for people in India, including revisions to LP prices, credit card changes, Aadhar card updates and more. Several key rules changes are set to be implemented in the last month of 2024, including upgrades for SBI credit card users LP price revision Oil …

Prices Price Card Itr Dec Sbi Trai

December 2024 money deadlines: Belated ITR, free Aadhaar update, special FD rates revision, and key dates you MUST know

Live Mint

Many financial deadlines are approaching as we are just a month away from the new year. From revised FD rates to deadlines related to Aadhaar updates and income tax returns, people need to keep a few dates in mind in December. Under this FD scheme, the general public will get interest rates of 7.05%, 7.25%, 7.35%, and 7.20% for 300 …

Aadhaar Bank Interest Rates Interest Rates Itr Update

1 month ago

Choose correct ITR to report foreign assets; 2 lakh such returns filed: CBDT official

Deccan Chronicle

New Delhi: As many as two lakh Income Tax Returns containing details of foreign assets and income have been filed during the current assessment year till now, according to the tax department which urged Indian residents for tax purposes to ensure they file the right form and revise their returns if they submitted the wrong form. The shares obtained and …

Indian Assets Income Tax Report Department Foreign Officer

1 month ago

The taxman knows about your foreign assets and is giving you a chance to revise ITR

Live Mint

The Income Tax department is taking a lenient approach this year to address the non-disclosure of foreign assets in income tax returns filed in the current assessment year. “This looks like a new initiative from the tax department, wherein instead of directly sending summons of investigation under section 131 of the Income Tax Act, it is giving taxpayers a chance …

Investigation Tax Assets Income Department Foreign Act

1 month ago

Missed reporting foreign assets in ITR? File revised return to avoid Rs 10 lakh penalty | DETAILS

India TV News

Taxpayers who have failed to declare foreign assets or income in their Income Tax Return for AY 2024-25 can file a revised return by December 31, 2024, to avoid a penalty of up to Rs 10 lakh. Revised return deadline announced The Tax Department has advised taxpayers that if the original ITR missed foreign assets or income, then file an …

Tax Assets Income Itr Return Rs 10 Lakh Foreign Assets

1 month, 1 week ago

Do I have to file an Income Tax Return (ITR) in India after returning from UK for work?

Live Mint

I have lived in the UK for the past 15 years. Do I have to file my Income Tax Return in India next year? Since your stay in India for the financial year 24-25 will be for less than 182 days, prima facie, you would be a non-resident for income tax, assuming you were not in India before 15th October …

India Tax Income Tax Income File Itr Your Itr

1 month, 1 week ago

State of income tax in India: Rich pay more, middle class less

Firstpost

Income tax liability on salaried individuals earning less than Rs 20 lakh a year, broadly described as middle class, has fell sharply during the 10 years of Prime Minister Narendra Modi-led government. Also, the income tax liability of those earning more than Rs 50 lakh has increased 3.2 times or 282 per cent, from Rs 2.52 lakh crore in 2014, …

Tax Income Tax Pay Income Middle Class Liability Middle

4 months ago

78% of India's delivery gig workers earn less than 2.5 lakh a year: Report

Hindustan Times

77.6% of gig delivery workers in India earn less than ₹2,50,000 per annum, Business Standard wrote, citing a recent survey by Borzo, a global same-day delivery company. Only 33.5% of the surveyed gig workers filed income tax returns, which means 66.5% haven't done so. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Only 24% of gig workers invested in Public Provident Fund, generally contributing …

India Tax Income Tax Workers Gig Workers Itr Gig

4 months, 2 weeks ago

A Tough Life With Little Earnings, India's Gig Delivery Workers Lack Financial Literacy: Report

News 18

Borzo, a global delivery company, conducted a study to delve into the financial literacy of gig delivery workers by understanding their awareness and comprehension of savings tools, taxation and slabs, income, etc. Here are the key insights from the report: Survey Findings: Income Range: A significant majority of gig delivery workers reported annual incomes less than Rs 2,50,000. The data …

India Financial Tax Financial Literacy Delivery Workers Pay

4 months, 3 weeks ago

Extend ITR Filing Deadline To Aug 31; Tax Practitioners Urge Amid Portal Issue, Flood and Landslide

News 18

ITR Filing Last Date 2024: The All-India Federation of Tax Practitioners has requested the Central Board of Direct Taxes to extend the deadline of filing Income Tax returns by a month to August 31 for the assessment year 2024-25. In a memorandum, AIFTP national president Narayan Jain and Direct Tax Representation Committee chairman S M Surana said floods in several …

Tax Itr Filing Deadline Landslide Itr Deadline Unlikely Landslide Itr Filing Itr Filing

4 months, 4 weeks ago

WATCH: India successfully conducts flight test of Phase-II ballistic missile defence system

Firstpost

The flight test fully met all the trial objectives validating a complete network-centric warfare weapon system, the defence ministry said The phase-II AD endo-atmospheric missile is an indigenously developed two-stage solid propelled ground-launched missile system. #WATCH | Defence Research & Development Organisation successfully flight-tested Phase-II Ballistic Missile Defence System on 24th July 2024. ”The DRDO successfully flight-tested Phase-II Ballistic Missile …

India Defence Missile Test Flight Ministry System

5 months ago

ClearTax Launches WhatsApp-Based ITR Filing Solution for Over 20 Million Gig Workers in India

ABP News

Filing income tax returns is set to become even more convenient with a new initiative aimed at simplifying the process. ClearTax, a prominent online tax-filing platform, has introduced a WhatsApp-based ITR filing solution designed specifically for India's gig workers. This innovative service aims to streamline the tax filing process for more than 20 million gig workers across the country. This …

India Tax Gig Workers Filing Whatsapp Gig Cleartax

5 months, 1 week ago

'Ask Infosys Team To Smoothy Run ITR Portal': CA's Dig At Narayana Murthy's '70-Hour Work Week'

News 18

Infosys is once again getting much criticism for developing a faulty tax filing portal that the company built for the Income Tax Department. Ask your Infosys team to work at least one hour per week to smoothly run the Income tax portal. Thanks in Advance.” Narayana Murthy Saar, on your advice we, tax professionals started to work more than 70 …

India Tax Work Income Hours Murthy Infosys

5 months, 1 week ago

ITR E-filing portal glitches: Will Income Tax return deadline be extended beyond July 31?

Hindustan Times

The deadline for filing income tax returns in 2024 is set on July 31. The Income Tax Department's website noted, “Over 2.7 crore ITRs have been filed as on 14 July 2024, which is 13% more compared to returns filed during the same period last year. While the milestone of filing of 1 crore of ITRs for AY 2024-25 arrived …

Tax Income 2024 Filing Portal Icai Income Tax Returns

5 months, 2 weeks ago

ITR Filing: Why It Is Necessary to File Income Tax Return AY 2024-25 Well Before the Deadline?

News 18

Filing your income tax return is not just a financial formality; it is a crucial responsibility for every taxpayer in India. As we approach the July 31, 2024, deadline to file the income tax return, it is essential to understand why filing your ITR well before the deadline can significantly benefit you. Conclusion “Filing your Income Tax Return well before …

Financial Tax Financial Transactions Income Return Deadline Itr Filing

6 months ago

Income Tax Return (ITR) 2023-24: 6 Essential points and 6 tips for error-free filing

Hindustan Times

One should always pay attention to every minute detail while e-filing ITR for a hassle-free experience, especially with the tax regimes, deductions and benefits changing every year, Business Today wrote. Representational “Filing an income tax return is not a cakewalk for everyone," said Vikas Dahiya, Director of All India ITR, according to Business Today. "For many people not familiar with …

Tax Income Filing Itr Return Income Tax Return Business Today

6 months, 1 week ago

ITR Filing for 2023-24: Key documents required for income tax returns

Hindustan Times

As the income tax return filing season has set in, these are the key documents which taxpayers should possess for duly furnishing their tax returns, as said by Dr. Suresh Surana, Founder of RSM India to the Financial Express. Individual taxpayers who are not required to audit their financials, need to take note of the following documents that they may …

Tax Documents Income Pan Return Details Taxpayer

7 months, 2 weeks ago

Do You Own An Electric Vehicle? It Can Save You Taxes, Here's How

News 18

Tax Benefits on Electric Vehicles in India: The Indian government is pushing for a greener future, and electric vehicles are a key part of the plan. But did you know there’s a hidden income tax deduction specifically for the interest paid on loans taken to purchase EVs? Here’s the deal: Under Section 80EEB of the Income Tax Act, individual taxpayers …

Income Tax Loan Electric Itr Deduction Rs 1 Lakh Interest Paid

8 months, 1 week ago

Allahabad High Court Monthly Digest: March 2024 [Citations 128 - 200]

Live Law

ORDERS/JUDGMENTS OF THE MONTH Lifting Corporate Veil, Allahabad HC Orders ED Probe Against Directors Of Hacienda Project, Three C Universal For Defrauding Lotus 300 Flat Buyers Case Title: Nirmal Singh vs. State Of U.P. Therefore, where the corporate character is employed for the purpose of committing illegality or for defrauding others, the Court would ignore the corporate character and will …

India High Court Court Uttar Pradesh Citation Compassionate Appointment Indian

8 months, 2 weeks ago

Allahabad High Court Quarterly Tax Digest: January to March 2024

Live Law

INDEX M/S Mgs Palace v. State Of U.P. Allahabad High Court Extends Benefit Of Exclusion Of Time U/S.14 To Appeals Under S.107 CGST Act Case Title: Murli Packers Through Its Proprietor Rakesh Kumar Jain vs. State Of U P Through Secretary, Institutional Finance And 2 Others Case Citation: 2024 LiveLaw 52 The Allahabad High Court direct the Additional Commissioner, CGST,, …

India Supreme Court Court Limitation Act Capital Goods 2024 Tribunal

8 months, 3 weeks ago

Allahabad High Court Weekly Roundup: March 18 – March 24, 2024

Live Law

NOMINAL INDEX M/S Samsung India Electronics Private Limited vs. State Of U.P. SSB Recruitment | Judicial Review Of Medical Board's Opinion Limited, Doesn't Involve Recognition Of Candidate's Right To Undergo Operation: Allahabad HC Case Title: Rajesh Kumar And Another vs. Union Of India And 3 Others 2024 LiveLaw 173 Case Citation: 2024 LiveLaw 173 The Allahabad High Court has held …

India Justice Court Citation Compassionate Appointment Medical Examination Judicial Review

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Articles for Itr, search results for india

Rajasthan High Court Monthly Digest: November 2024

Income tax implications for Indian consultants with overseas earnings— Explained

How gains through margin trading facility transactions are taxed in India

LPG price revisions, Aadhar card updates: 7 key changes coming into effect from Dec 1

December 2024 money deadlines: Belated ITR, free Aadhaar update, special FD rates revision, and key dates you MUST know

Choose correct ITR to report foreign assets; 2 lakh such returns filed: CBDT official

The taxman knows about your foreign assets and is giving you a chance to revise ITR

Missed reporting foreign assets in ITR? File revised return to avoid Rs 10 lakh penalty | DETAILS

Do I have to file an Income Tax Return (ITR) in India after returning from UK for work?

State of income tax in India: Rich pay more, middle class less

78% of India's delivery gig workers earn less than 2.5 lakh a year: Report

A Tough Life With Little Earnings, India's Gig Delivery Workers Lack Financial Literacy: Report

Extend ITR Filing Deadline To Aug 31; Tax Practitioners Urge Amid Portal Issue, Flood and Landslide

WATCH: India successfully conducts flight test of Phase-II ballistic missile defence system

ClearTax Launches WhatsApp-Based ITR Filing Solution for Over 20 Million Gig Workers in India

'Ask Infosys Team To Smoothy Run ITR Portal': CA's Dig At Narayana Murthy's '70-Hour Work Week'

ITR E-filing portal glitches: Will Income Tax return deadline be extended beyond July 31?

ITR Filing: Why It Is Necessary to File Income Tax Return AY 2024-25 Well Before the Deadline?

Income Tax Return (ITR) 2023-24: 6 Essential points and 6 tips for error-free filing

ITR Filing for 2023-24: Key documents required for income tax returns

Do You Own An Electric Vehicle? It Can Save You Taxes, Here's How

Allahabad High Court Monthly Digest: March 2024 [Citations 128 - 200]

Allahabad High Court Quarterly Tax Digest: January to March 2024

Allahabad High Court Weekly Roundup: March 18 – March 24, 2024