Tag: income tax
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Remitting money to India: Are funds taxable for you or your brother? | Mint
I have been working in the US for many years. I want to remit some money to my brother in India. Are these funds...
Income Tax: As I-T law undergoes a makeover, suggestions invited to make it friendly to taxpayers; check details | Mint
Following the announcement made by the Union Finance Minister Nirmala Sitharaman during Budget 2024, the Central Board of Direct Taxes (CBDT) has set up an...
RBI Policy: Should you lock your money in an FD since the rate cut cycle to begin soon? | Mint
After the US Fed lowered policy rate by 50 bps from its 23-year high, the Reserve Bank of India (RBI) is likely to follow suit...
SC overturns HCs, allows Income Tax department to reopen 90,000 cases – Times of India
In a landmark judgment, Supreme Court ruled in favour of the income-tax (I-T) department, upholding the validity of nearly 90,000 reassessment notices...
Income tax audit report deadline for FY24 extended to THIS date amid e-filing portal issues | Mint
Tax audit extension: The Central Board of Direct Taxes (CBDT) has extended the due date for submitting income tax audit reports for the Assessment...