Search For "deductions"
Income Tax Department conducts raids all over India for false deduction un
Updated : 10 months, 3 weeks ago IST
The Income Tax Department is conducting raids on more than 200 locations across India, in connection with false deductions of political donations, sources told ANI on Monday.
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What Happens When You Move to a Higher Tax Bracket in India?
Updated : 1 year ago IST
New Delhi [India], May 28: Appraisal letters often feel like a win--more money, new goals, a step forward. But what many don't realise is that with every jump in income, there's a shift happening quietly in the background. You may find yourself in a new tax bracket and that's not just a numb
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Life Insurance Tax Benefits
Updated : 1 year, 2 months ago IST
New Delhi [India], March 24: Life insurance plans offer more than just financial security for your loved ones, they also provide important tax benefits. There are different tax deductions and exemptions offered by the Indian government under the Income Tax Act, 1961. By understanding these
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90,000 taxpayers withdraw incorrect deductions worth Rs 1,070 crores
Updated : 1 year, 4 months ago IST
Approximately 90,000 taxpayers have voluntarily withdrawn incorrect deduction claims totaling around Rs 1,070 crores in their ITRs and have paid additional taxes, according to the sources.
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Sitharaman says "numbers speak for themselves" as Indians increasingly opt
Updated : 1 year, 9 months ago IST
In the Budget for 2020-21, the government, in order to provide relief to individual taxpayers and to simplify the income-tax law, had proposed to bring a new and simplified personal income tax regime wherein income tax rates were significantly reduced for those who forgo certain deductions a
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Innovations in Health Insurance: Get 100 per cent claim amount with ACKO
Updated : 2 years ago IST
New Delhi [India], May 6: In recent years, the health insurance industry has undergone positive changes with new features and offers that make buying and using a health insurance policy much easier. Innovative thinking on the insurer's part and acceptance by the regulator has made it possibl
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All about the New 45 Days Payment Rule for MSME Registered Units - Section
Updated : 2 years, 2 months ago IST
New Delhi [India], March 19: Starting from the year 2024-25, there's a new rule for companies. They must pay any pending bills to small businesses within 45 days. If they don't, they'll have to pay more tax for the years 2023-24. This is because they can only claim deductions for payments th
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TATA AIG Rolls Out 'Expect the Expected' Campaign; Promises Holistic Insur
Updated : 2 years, 4 months ago IST
Mumbai (Maharashtra) [India], January 5: TATA AIG General Insurance Company Limited, one of the leading general insurance companies in India, announced its commitment to offer expected insurance claim settlements to its policyholders with no unexpected deductions. This pledge is a cornerston
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Banks must not deduct money from women's monthly aid scheme: TN Finance Mi
Updated : 2 years, 8 months ago IST
While acknowledging the unprecedented achievement of crediting over one crore women's bank accounts on the first day of the project, Minister Thennarasu emphasized the importance of ensuring that the beneficiaries receive their full entitlement without any deductions.
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"It's really frustrating as a player," says Usman Khawaja as ICC penalises
Updated : 2 years, 10 months ago IST
Usman Khawaja has played a key role in ensuring players are not hit as hard in the pocket and potentially saved teams from World Test Championship (WTC) points deductions after he revealed he raised the issue of slow over-rate punishments with the ICC. In a recent interview, Usman Khawaja sa
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ED raids 3 places of Coda Payments India Pvt Ltd for resorting to unauthor
Updated : 3 years, 8 months ago IST
New Delhi [India], September 27 (ANI): The Enforcement Directorate (ED) has conducted searches at three premises pertaining to Coda Payments India Pvt Ltd for allegedly resorting to unauthorized deductions from end users (mostly unsuspecting children) of games like Garena Free Fire, Teen Pat
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Analytics and Technology are transforming India's Taxman
Updated : 3 years, 9 months ago IST
New Delhi [India], August 9 (ANI/Mediawire): Sweeping technology-driven changes in tax administration for companies and individuals is unfolding, with services like never before.
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