However, from April 1, 2026, transactional forms such as tax deducted at source statements, remittances, Form 60, and Form 15G/15H would operate under the new simplified framework.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
'We need to be very vigilant as we are passing through some fraught times.'
So, the next time someone tempts you with a slightly higher FD rate from a lesser-known bank, point them to hybrid funds that can deliver extra returns without the administrative and emotional rollercoaster.
Review your family emergency fund and replenish it if needed. Revisit financial goals to see if there is any change in timeline or the corpus required.
The Group of Fifteen (G-15) developing countries, including India, have called for effective supervision of major financial centres and institutions to prevent repeat of recent global economic crisis which they said had adversely impacted the developing nations.
'Tax is not required to be deducted from specified payments if a recipient files a self-declaration with the deductor for no deduction of tax.'
This could become tricky territory for India, given its basically adversarial relationship with China, its moves to block imports and investment from that country, and to deny market access for Chinese technologies, observes T N Ninan.
Finance Minister Nirmala Sitharaman will present the Union Budget for 2023-24 in Parliament on February 1. The Budget is a statement of the government's estimated receipts and expenditures for a fiscal year (April 1 to March 31). It's divided into Revenue and Capital Budget. The Revenue Budget includes the government's revenue receipts and expenditures while the Capital Budget includes its capital receipts and payments.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
IT major Infosys on Thursday acknowledged that some users continue to experience difficulties in accessing the income tax portal and assured that it is working expeditiously, in collaboration with the income tax department to further streamline end-user experience.
From 100% tax deductions for contributions to PM-CARES fund to extending the due date for linking Aadhar and PAN card, the government has provided various tax relief and extensions in deadlines for statutory compliances, says Homi Mistry.
Kia has entered the Indian market at a time when the domestic automotive industry is facing the worst slowdown in more than two decades.
The finance minister said easy access and efficiency in providing banking services will help in revival of businesses which are restarting operations after the lockdown.
India on Monday sought comprehensive reform of international financial institutions to enable enhanced capital flows and infrastructure investment in developing markets, which it said will strengthen recovery from the worst global economic crisis since 1945.
External Affairs Minister S M Krishna on Saturday embarked on a four-day visit to Iran during which its controversial nuclear energy programme and the proposed IPI gas pipeline project are expected to figure prominently in the bilateral talks.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The Chinese air force is now a 400,000-person force that flies some 2,000 combat aircraft -- more than thrice the size of the Indian Air Force.
Canon has announced the S110, G15 and SX50 HS for India, cameras that are the newest upgrades to Canon's lineup.
Incomes such as dividend, interest on tax-free bonds, eligible gifts, etc should also be reported even though they are tax exempt, suggests Sanjay Kumar Singh.
In the rapidly changing world structure, Iran and India must stay together and should not neglect the present opportunities to replace the 'dying' big powers, President Mahmoud Ahmadinejad told visiting External Affairs Minister S M Krishna on Tuesday. Krishna, who was in Tehran representing India at the meeting of the G-15 developing nations, met Ahmadinejad. The Iranian president highlighted the need for the two nations to work together on regional issues.
State-owned Oil and Natural Gas Corporation plans to invest over $10 billion in bringing to production gas discoveries off the east coast, its director (exploration) D K Pande said on Tuesday.
India should have the self-confidence to engage Iran on its own terms and on the basis of a clear understanding of its national interests, says Harsh V Pant
The police are of the view that the remote control planes could be used as a new tactic for carrying out terrorist activity, Geo News reported.
Wondering if mutual fund investments can help you make you enough money for your retirement and child's marriage? Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
While you must have seen the 'Best 4G smartphones money can buy', here's another list for those who value money and yet don't compromise on quality of smartphones they buy!
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