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Budget 2024: Your rental income will now be chargeable only under house property, not under business. Why it matters

New Delhi, July 23 -- Your income from letting out of a house or part of your house will henceforth not be charged under the head 'profits and gains of business or profession'. Instead, it will be cha... Read More


ITR Filing 2024: How often can taxpayers switch back to the old tax regime; all you need to know

New Delhi, July 23 -- Unless you are living under a rock, you must be aware that thenew tax regime (NTR) was introduced in Budget 2020. And year after year, it became increasingly significant with the... Read More


Budget 2024: How to calculate income tax based on the new tax regime?

New Delhi, July 23 -- Union Finance and Corporate Affairs minister Nirmala Sitharaman announced the Budget 2024 on Tuesday where not only she revised the income tax rates in the new tax regime (NTR) b... Read More


Budget 2024: FM simplifies taxation rules for charities and TDS on mutual funds or UTI unit purchases

New Delhi, July 23 -- The Finance Bill is initiating simplifications in the tax regime for charities, the structure of tax deducted at source (TDS) rates, reassessment provisions, search provisions, a... Read More


Budget 2024: Changes in New Tax Regime explained here

New Delhi, July 23 -- Finance MinisterNirmala Sitharaman revised the tax rates under the new tax regime. Now certain taxpayers (earning between Rs.6-7 lakh and 9-10 lakh) will be paying less income ta... Read More


Budget 2024: What is NPS Vatsalya, a plan by parents for their minor children?

New Delhi, July 23 -- During theBudget 2024speech, Finance MinisterNirmala Sitharman announced NPS Vatsalya, which is a plan catering to parents and guardians for their minor children. "NPS Vatsalya,... Read More


Taxnet 2.0: How will taxpayers' experience improve with new digital infra technology?

New Delhi, July 20 -- With Central Board of Direct Taxes (CBDT) awarding Taxnet 2.0 project to Bharti-Airtel, tax department's network system is likely to undergo a facelift. For the uninitiated, CBDT... Read More


Budget 2024: BankBazaar lists key income tax changes expected from FM Sitharaman

New Delhi, July 17 -- In the backdrop of inflation and high rates of tax, there is an urgent need for updating the tax slabs as well for enhancing the amount of deductions, says a BankBazaar Primer Bu... Read More


Bank of Baroda, Bank of Maharashtra launch special fixed deposit schemes. Details here

New Delhi, July 16 -- Nearly a week after the Reserve Bank of India (RBI) highlighted a gap in deposit and credit growth during a meeting with the top bosses of public and private sector, Bank of Maha... Read More


Mutual fund houses garnered Rs.14,370 crore via equity NFOs in June: Report

Mutual fund, July 14 -- With a total of 11 equity new fund offers, particularly the thematic schemes, helped mutual fund houses garner Rs.14,370 crore, the highest ever attained by NFOs, reported Busi... Read More