Personal Loan

Will Budget 2024 reduce 20% TCS for taxpayers, levy TCS on credit card forex payments? [ad_1] Will Budget 2024 reduce Tax collection at source (TCS) from 20%? Or bring a credit card under the ambit of TCS? Experts are waiting with bated breath as Finance Minister Nirmala Sitharaman is all set to present her final Budget on February 1, 2024, ...

13 ways the FM can simplify matters for income tax payers in interim Budget 2024: CII [ad_1] The Interim Budget 2024, will be presented by the finance minister, Nirmala Sitharaman, on February 1, 2024. As always, all quarters of the economy has certain expectations from the Budget. A few key steps that would help to rationalise and simplify taxes are ...

Extend last date to file revised ITR for foreign tax credit in Budget 2024: View [ad_1] Tax laws require taxpayers to file income tax returns (ITR) declaring their accurate income to tax. If there is any error or omission in the ITR, tax laws permit a revision of tax return within a specified time without paying any penalty. This is ...

Income tax laws need to recognize more cities as metros for HRA tax exemption: Will Budget 2024 include these? [ad_1] Tax sops, enhanced benefits, rebates – the list of expectations from the Budget is never ending. The fact that this year we’ll first have the vote-on-account does not change anything for the taxpayer. They are hoping for announcements that will ...

Budget 2024 should hike savings account interest deduction to Rs 50,000 from Rs 10,000 [ad_1] The upcoming interim Union Budget on February 1, 2024, would be a vote-on-account before the 2024 general elections. While the finance minister may not make any major announcements, a few measures to provide interim relief to taxpayers, can be expected.One of the most common financial ...

Income tax relief: Medical cost doubles in 5 years, will Budget 2024 increase Section 80D limit for health insurance? [ad_1] Budget 2024: Section 80D of the Income-tax Act, 1961 allows you to claim tax deductions for paying premiums for health insurance policies and select health-related expenses. You can claim a tax deduction of up to Rs 25,000 if you are ...

senior citizen fd: Hike in senior citizen FD? Additional interest rates should increase from 0.5% to 2%; FM gets proposal [ad_1] The interest rates on fixed deposits (FDs) for senior citizens should be 2% more than the standard rate offered to general customers, said Bharat Pensioners Samaj, federation of pensioners in the country. In a letter addressed to Prime Minister ...

Can foreign tax credit claim be changed in revised ITR? Budget 2024 should clarify [ad_1] Tax liability in India is largely determined by the residential status of an individual and the place where the income is earned during the financial year. As per Section 6 of the Income-tax Act, 1961 (Act), an individual may qualify as a non-resident (NR) or ...

​Cheque fraud victims to get Rs 74 lakh from Axis Bank after 15 years long legal fight [ad_1] Axis Bank was ordered by National Consumer Disputes Redressal Commission (NCDRC) to pay a collective amount of Rs 73.93 lakh (including compensation) to five individuals who were victims of a cheque fraud withdrawal incident. Here’s what happened. On May 24, 2008 one ...

TDS at 1% pushing crypto investors to grey market: Will Budget 2024 reconsider it? [ad_1] Virtual Digital Assets (VDAs) such as crypto, Non-Fungible Tokens (NFT) are encrypted digital holdings on blockchain. Chainalysis’ ‘Global Crypto Adoption Index’ (2023) also suggests that India is currently leading the ‘grassroot adoption’ game in VDAs. India also has the second-largest functioning VDA market in the ...