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Articles for Rebate, search results for act

Can I claim any rebate for interest received for multiple years in current year?
3 days, 6 hours ago

Can I claim any rebate for interest received for multiple years in current year?

Live Mint  

I had invested in bonds of a listed Company with a cumulative option for interest. My question is whether the whole amount of ₹75106 will be included in my income for this year or is any relief available to me for interest received for so many years together? Taxation of Interest Income: Accrual vs. Cash Basis Explained The first method …

Tax Income Interest Interest Income Offer Current Year
Cenvat Credit Refund Can't Be Denied For Quoting Wrong Rule: CESTAT
4 months, 3 weeks ago

Cenvat Credit Refund Can't Be Denied For Quoting Wrong Rule: CESTAT

Live Law  

The Delhi Bench of Customs, Excise and Service Tax Appellate Tribunal has held that refund of Cenvat credit cannot be taken away because the appellant had quoted the wrong rule in filing its refund claim.The bench of Binu Tamta and P.V. The Delhi Bench of Customs, Excise and Service Tax Appellate Tribunal has held that refund of Cenvat credit cannot …

High Court Order Department Commissioner Rule Goods Stat
ITR Return Filing: Should you file ITR if your income is less than ₹7 lakh?
6 months ago

ITR Return Filing: Should you file ITR if your income is less than ₹7 lakh?

Hindustan Times  

If your gross taxable income exceeds basic exemption limit, it is mandatory for you to file an income tax return. But this does not mean you have to pay income tax as there is a tax rebate under section 87A of the Income tax Act, 1961 owing to which you are eligible if your net taxable income does not exceed …

Income Tax Lakh Regime Itr
Major Income Tax Reforms Effective From April 1: What You Need To Know
9 months ago

Major Income Tax Reforms Effective From April 1: What You Need To Know

ABP News  

In the wake of the new fiscal year, April 1, 2024, sweeping changes in the tax landscape herald major implications for personal finances. Streamlined Slabs & Expanded Basic Exemption Limit Under the new tax regime, the minimum tax threshold has been raised from Rs 2.5 lakh to Rs 3 lakh. Increased Tax Rebate Threshold Individuals opting for the new tax …

Tax Lakh Regime
Neighbourhood Watch program offering home owners who have been burgled rebates to improve security
10 months, 2 weeks ago

Neighbourhood Watch program offering home owners who have been burgled rebates to improve security

ABC  

In short: After catching a burglar at her home, Stephanie Munk found a federal government program offering rebates for home security. Maria Bennett, the CEO of Neighbourhood Watch Australasia, said it was about "making your home a harder target so when it's being assessed by a potential offender, it's too hard — they move on". Ms Bennett said although the …

Security House Cctv Target Her Home Rebate Gate
Union Budget 2024: Income tax rebate unlikely to rise in interim budget, says report
11 months, 2 weeks ago

Union Budget 2024: Income tax rebate unlikely to rise in interim budget, says report

Hindustan Times  

Less than a month away from the presentation of the interim Union Budget 2024, a senior finance ministry official has said that no rebate is expected on income tax for the upcoming financial year, reported Moneycontrol on Tuesday. Earlier, there were speculations that the Finance Ministry will include a proposal that the personal income tax rebate be increased from the …

Tax Budget Income Tax 2024 Interim Union Budget Moneycontrol
U.S. government to start imposing inflation penalties on drugmakers in 2025
1 year, 10 months ago

U.S. government to start imposing inflation penalties on drugmakers in 2025

The Hindu  

The U.S. government will begin imposing penalties in 2025 on drug companies that charge its Medicare program prices that rise faster than inflation, the Centers for Medicare & Medicaid Services said on Thursday. The agency issued initial guidance on how it will implement a provision in President Joe Biden's signature Inflation Reduction Act that penalizes drugmakers for raising prices faster …

Medicare Inflation Drug Price
New Tax System Less Complicated…Every Indian Should Make A Choice: FM to News18
1 year, 10 months ago

New Tax System Less Complicated…Every Indian Should Make A Choice: FM to News18

News 18  

Terming the new tax system “better" and “least complicated", Union Finance Minister Nirmala Sitharaman, speaking exclusively to Rahul Joshi, Group Editor-in-Chief, Network18, two days after she presented Budget 2023-24 in Parliament on February 1, said the government has not set a timeframe for the new regime. I believe at least 50% people will shift": FM #NirmalaSitharaman on New Tax Regime …

Finance India Income Tax Lakh Regime Taxpayer Rs 5 Lakh
Budget 2023: Check The Difference Between Income Tax Exemption, Deductions, Rebate
1 year, 11 months ago

Budget 2023: Check The Difference Between Income Tax Exemption, Deductions, Rebate

News 18  

Income Tax Exemption Vs Rebate Vs Deductions: The Union Budget 2023, which will be tabled in Parliament on Febuary 1, will be keenly watched by taxpayers as they look forward to relaxations in taxability of their income. Various exemptions have been given under the Income Tax Act, 1961, from income under the head salary like house rent allowance and from …

Tax Budget Income Tax Income Lakh Deductions Rebate
Legal fights and loopholes could blunt Medicare's new power to control drug prices
2 years, 3 months ago

Legal fights and loopholes could blunt Medicare's new power to control drug prices

NPR  

Legal fights and loopholes could blunt Medicare's new power to control drug prices Enlarge this image toggle caption Anna Moneymaker/Getty Images Anna Moneymaker/Getty Images On Tuesday, the White House celebrated the passage of the the Inflation Reduction Act, a sweeping climate, tax and health care package passed in August. Taking advantage of the law's vulnerabilities At the same time, the …

Law Health Medicare Drugs Industry Inflation Power
Businesses Get Time Till June to File Form to Get Tax Rebate, Says CBDT; Details Here
2 years, 9 months ago

Businesses Get Time Till June to File Form to Get Tax Rebate, Says CBDT; Details Here

News 18  

In a good news to business owners, the Central Board of Direct Taxes, or CBDT, has given some extra time to businesses to file a key form that is required to avail lower corporate taxes without incentives in tax, which was offered to them in 2019. As per a CBDT statement, the deadline has now been extended till June 30 …

Rate Form File Concessional Rate Cbdt Tax Rebate
What states and territories are doing to help Australians buy electric cars
2 years, 9 months ago

What states and territories are doing to help Australians buy electric cars

ABC  

Australian drivers are increasingly keen to make their next car electric, but high prices and the limited range of available models are keeping many from making the switch. To do this, NSW has introduced financial incentives for people to buy an EV, including: A $3,000 rebate for EVs bought for less than $68,750 — limited to the first 25,000 vehicles …

Financial Cars Sales Incentives Electric Evs Limited
Income tax rebate to PPF, top 5 budget 2022 announcements expected
2 years, 10 months ago

Income tax rebate to PPF, top 5 budget 2022 announcements expected

Live Mint  

Budget 2022 expectations: After Economic Survey painting India in an optimistic light with good macro-stability indicators, earning individuals and taxpayers are expecting some relief form Nirmala Sitharaman when she presents her fourth general budget today. From raise in annual limit of Section 80C of the Income Tax Act to PPF deposit limit, taxpayers are expecting some relief in income tax …

Lakh Annual Limit Nirmala Sitharaman Icai Expecting Ppf