Search For "income tax act"
Charting Your Future Growth: Navigating FD Interest Rates Across Various I
Updated : 1 year, 6 months ago IST
New Delhi [India], August 21: Fixed Deposits (FDs) have long been a cornerstone of investment strategies for countless Indian investors. This is due to low-risk and assured returns. As a result, FDs serve as a vital savings tool, particularly for those looking to secure their financial fu
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CBDT issues clarification in respect of Income-tax clearance certificate
Updated : 1 year, 6 months ago IST
In an official statement, the Ministry of Finance said dismissed the reports, which said that all Indian citizens must obtain income-tax clearance certificate (ITCC) before leaving the country.
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IT Department summons Assam Congress leader Bhupen Borah
Updated : 1 year, 7 months ago IST
An official release by the Income Tax Department stated that Bhupen Kumar Borah's attendance is required in connection with the proceedings under the Income Tax Act 1961.
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Home Loans of up to Rs 15 Crores on Bajaj Markets
Updated : 1 year, 7 months ago IST
Pune (Maharashtra) [India], August 12: Bajaj Markets, a digital financial marketplace, facilitates easy access to home loans of up to Rs 15 Crores at interest rates starting from 8.50 per cent p.a. Customers can choose from flexible repayment tenures extending up to 30 years, enabling the
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Provisions of TDS/TCS in case of death of deductee or collectee relaxed
Updated : 1 year, 7 months ago IST
The government has relaxed provisions of TDS/TCS in the event of death of deductee/collectee before the linkage of PAN and Aadhaar card.
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Tax clearance certificate to fly abroad not mandatory for all, government
Updated : 1 year, 7 months ago IST
In reference to some misleading reports being circulated that a mandatory tax clearance is required for individuals before flying abroad, the government has clarified that under section 230 of the Income-tax Act, 1961, every person is not required to obtain a tax clearance certificate. Read More
Understanding the Tax Benefits of Term Insurance Plans
Updated : 1 year, 9 months ago IST
New Delhi [India], June 17: While the main objective of buying term insurance is to ensure financial security to family members in the policyholder's absence, it also offers additional benefits, such as tax savings. These tax benefits can enhance the product's appeal and assist you in saving
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Section 80D: Tax Benefits of Health Insurance Plans
Updated : 1 year, 9 months ago IST
New Delhi [India], May 20: Health insurance plans are tools for managing medical costs. It offers you coverage for unforeseen hospital bills as well as healthcare costs when you need it the most. Moreover, if you are thinking of getting some tax benefits, it is also available with health
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Section 80D Deduction as per Type of Health Plan, Age of Insured, Disabili
Updated : 1 year, 9 months ago IST
New Delhi [India], May 20: In this present fast-paced world, ensuring your well-being and safeguarding your health is one of the most significant aspects. Hence, securing yourself financially through medical insurance policies is a wise step towards ensuring your and your family's happy and
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Mutual Fund Investment Strategies: Top 5 Balanced Approaches to Follow
Updated : 1 year, 10 months ago IST
New Delhi [India], May 7: Mutual funds present a befitting choice for diverse financial goals. For investors in India, mutual funds offer the advantage of professional management and ease of liquidity, making them an attractive avenue for wealth creation. Adopting a balanced investment appro
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CBDT extends due date for filing Form 10A/10AB
Updated : 1 year, 10 months ago IST
The Central Board of Direct Taxes (CBDT) further extended the due date for filing Form 10A/ Form 10AB under the Income-tax Act, 1961 up to June 30, 2024.
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Maximizing Tax Saving Benefits for Youngsters Through Health Insurance Und
Updated : 1 year, 11 months ago IST
Pune (Maharashtra) [India], April 16: In today's world, where healthcare costs continue to rise, having adequate medical insurance is not just a prudent financial decision but also a crucial aspect of ensuring one's well-being. In India, the government recognizes the importance of medical in
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