Search For "tax deduction"
Benefits and Considerations of Applying for a Joint Home Loan with a Co-Ap
Updated : 2 months, 3 weeks ago IST
New Delhi [India], February 10: Joint home loans combine incomes and liabilities between primary applicants and co-applicants, typically spouses or close family members, to secure larger housing loan eligibility amounts. Co-applicants share repayment duties equally, doubling tax deductions u
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Senior citizens likely to get relief under targeted tax measures in Budget
Updated : 4 months, 3 weeks ago IST
Senior citizens could be among the biggest beneficiaries of India's Union Budget 2026, with the government expected to consider higher deductions on interest income and healthcare-related relief, Tarun Garg, Executive Director at Deloitte India, told ANI.
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CBDT nudges taxpayers to curb fake deduction claims through data-driven ch
Updated : 5 months, 3 weeks ago IST
The Central Board of Direct Taxes (CBDT) has stepped up its data-driven push to curb bogus tax deduction claims, warning taxpayers to correct wrong filings after uncovering widespread misuse of donation-based exemptions, according to a Ministry of Finance release issued on Saturday.
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Outreach program being held to increase compliance among people, says Utta
Updated : 6 months ago IST
Aparna Karan, Principal Chief Commissioner of Income Tax, on Friday attended an outreach programme on 'Compliance Under the Income Tax Act and Taxpayers' Services' at the ONGC Auditorium, organised by the Principal Commissioner of Income Tax Office, Dehradun.
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Critical for Ways and Means Committee to add FAIR BET Act to its legislati
Updated : 6 months, 1 week ago IST
United States Congresswoman Dina Titus has said that it is critical for the Ways and Means Committee to add the legislation she introduced earlier in the year to its legislative calendar, saying the FAIR BET Act seeks to restore the commonsense 100% tax deduction to protect professional and
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Trump signs Social Security proclamation, calls tax law "big, beautiful" f
Updated : 9 months, 4 weeks ago IST
US President Trump marked Social Security's 90th anniversary, highlighting his recent tax law providing seniors a $6,000 deduction and efforts to reduce fraud. Experts warn the changes may accelerate trust fund depletion. SSA Commissioner Frank Bisignano pledged a "digital first" approach, a
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Income Tax Department cracks down on bogus claims of deductions, exemption
Updated : 10 months, 4 weeks ago IST
The Income Tax Department initiated a large-scale verification operation across multiple locations in the country on Monday, targeting individuals and entities facilitating fraudulent claims of deductions and exemptions in Income Tax Returns (ITRs).
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Income Tax Department conducts raids all over India for false deduction un
Updated : 11 months 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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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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Maximize Your Savings Through Ujjivan Small Finance Bank's Tax Saving Fixe
Updated : 1 year, 2 months ago IST
Bangalore (Karnataka) [India], March 20: Tax Saving Fixed Deposits are gaining a great deal of interest from investors seeking higher yields and tax related savings. High interest rates offered by banks and its dependability in safeguarding investor funds contribute to its popularity. In com
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Collected over Rs 700 cr in TDS from online gaming companies, crypto: CBDT
Updated : 2 years, 8 months ago IST
The Central Board of Direct Taxes (CBDT) has collected more than Rs 700 crore as Tax Deduction at Source (TDS) this financial year after a new TDS regime was brought in for online gaming and trade in cryptocurrency, said the tax body's chairman Nitin Gupta
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How to plan income tax and minimize tax liability
Updated : 4 years, 2 months ago IST
New Delhi [India], March 19 (ANI): As far as paying income tax, it feels good because it is an indicator of prosperity, and the taxpayer feels that our money is being used for the progress of the country. But sometimes this amount is being used for inducement to the voters by way of givin
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