News for 'Income tax'

EPF: How To Withdraw Smart, Protect Your Corpus

EPF: How To Withdraw Smart, Protect Your Corpus

Rediff.com7 Oct 2025

When and how you can access EPF money before retirement without jeopardising your long-term retirement savings.

Want To Buy Farm Land?

Want To Buy Farm Land?

Rediff.com25 Sep 2025

'Legally clean farmland is difficult to find. It requires time, money, and legal effort to verify the title.'

Reliance Q2 net profit rises 9.6% YoY, slips sequentially on inventory losses

Reliance Q2 net profit rises 9.6% YoY, slips sequentially on inventory losses

Rediff.com18 Oct 2025

Reliance Industries Ltd (RIL) on Friday reported a 9.6 per cent year-on-year rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in its core oil-to-chemicals segment.

Net direct tax collection surpasses RE in FY24; corp tax receipts a miss

Net direct tax collection surpasses RE in FY24; corp tax receipts a miss

Rediff.com22 Apr 2024

Direct tax collection, net of refunds, moderately exceeded the revised estimates (RE) for the financial year 2023-24 (FY24) on the back of personal income tax revenues, but corporation tax receipts fell short of the RE. Net direct tax collection stood at Rs 19.58 trillion in FY24, surpassing the RE of Rs 19.45 trillion by Rs 13,000 crore, or 0.7 per cent. The government had revised up FY24 projections for personal income tax by 13.5 per cent over the Budget estimates (BE) of Rs 9 trillion, at Rs 10.22 trillion.

Bihar's Populist Promises Clash With Fragile Economy

Bihar's Populist Promises Clash With Fragile Economy

Rediff.com15 Oct 2025

A string of welfare schemes and promises tests the state's budget, which is already heavily dependent on central support and spends little as capital outlay.

Invest Rs 1L SIP, Retire Rich by 45

Invest Rs 1L SIP, Retire Rich by 45

Rediff.com23 Sep 2025

Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.

'My Mother Received An I-T Notice For...'

'My Mother Received An I-T Notice For...'

Rediff.com8 Apr 2025

rediffGURU Vipul Bhavsar answers readers' personal income tax queries.

Your EPF Can Fund Housing, Surgery, Education...

Your EPF Can Fund Housing, Surgery, Education...

Rediff.com23 Oct 2025

Your EPF isn't just a retirement pot. It's a financial safety net you can dip into for life's biggest needs. Here's how these one-time advances work and when to use them wisely.

Former Axis fund manager held for cheating investors

Former Axis fund manager held for cheating investors

Rediff.com3 Aug 2025

Viresh Joshi, a former chief trader and fund manager of Axis Mutual Fund, has been arrested under the anti-money laundering law in a case linked to alleged cheating of investors to the tune of Rs 200 crore by 'front-running' in trade activities, the Enforcement Directorate (ED) said on Sunday.

Want To Invest In Fixed Income Schemes?

Want To Invest In Fixed Income Schemes?

Rediff.com3 Jan 2025

When investing in fixed-income products, balancing considerations like safety, liquidity, and income is essential.

FBT flouts Income Tax Act

FBT flouts Income Tax Act

Rediff.com9 May 2005

Will money in hand from tax breaks spur housing demand?

Will money in hand from tax breaks spur housing demand?

Rediff.com21 Apr 2025

Real estate developers are hoping that the slew of tax concessions announced in Union Budget 2025, set to take effect this financial year, will spur demand for affordable and mid-segment housing, even as the broader housing market shows signs of fatigue.

'I Can't Say On September 22, I Will Be With A Stick'

'I Can't Say On September 22, I Will Be With A Stick'

Rediff.com22 Sep 2025

'I am doing the drive in making sure that people pass this on. So the drive is not with distrust. The drive is just in case.' 'Just in case it doesn't get passed on, I am here.'

Maruti Suzuki India burns rubber, leaves key rivals in its rearview

Maruti Suzuki India burns rubber, leaves key rivals in its rearview

Rediff.com29 Sep 2025

Automotive (auto) stocks have been among the best performers in the BSE 200 index in recent months. More than half of the top 15 gainers over the past one, two, and three months have come from the sector.

6 little-known income tax deductions

6 little-known income tax deductions

Rediff.com15 May 2014

There is more to tax savings than Section 80C. These six can help you optimise your tax savings.

'GST 2.0 Great Opportunity For Insurance Biz To Make Products Affordable'

'GST 2.0 Great Opportunity For Insurance Biz To Make Products Affordable'

Rediff.com3 Nov 2025

'The government is putting insurance in the same category as food, which is essential for life.' 'Now this is an opportunity for the sector to focus on the consumer.'

What Is A Gift Deed?

What Is A Gift Deed?

Rediff.com13 Mar 2025

All that you must know about the pros and cons of gift deeds, tax implications, essentials, documents required, conditions, etc...

ITR filing deadline for corporates extended by 15 days to Nov 15

ITR filing deadline for corporates extended by 15 days to Nov 15

Rediff.com26 Oct 2024

The income tax department on Saturday extended the deadline for filing income tax returns by corporates by 15 days till November 15 for assessment year 2024-25. In a circular, the Central Board of Direct Taxes (CBDT) said the deadline will be extended from the earlier target date of October 31. The new deadline for Assessment Year 2024-25 (for furnishing tax returns for fiscal 2023-24) is November 15.

Google Ireland gets tax relief on Rs 8.6K crore it got from India arm

Google Ireland gets tax relief on Rs 8.6K crore it got from India arm

Rediff.com28 Mar 2024

An income tax tribunal held that the amount received by Google Ireland from Google India towards marketing and distribution rights of the AdWords programme is not royalty, and hence, cannot be taxed at the hands of the assessee (Google Ireland). The ruling by the Bengaluru-based Income Tax Appellate Tribunal (ITAT) may have repercussions on similar transactions by multinationals, feel experts. Explaining the case, Amit Maheshwari, tax expert at AKM Global, said Google Ireland had received Rs 8,662.93 crore under the Google Reseller Agreements.

Are I-T Returns Details Private?

Are I-T Returns Details Private?

Rediff.com21 Sep 2024

Disclosing an individual's income-tax returns is tantamount to violating the person's fundamental right to privacy as recognised by the Constitution.

Income tax collections to fall short by Rs 9,000 crore

Income tax collections to fall short by Rs 9,000 crore

Rediff.com8 Apr 2015

Income Tax collections are expected to fall short by an estimated Rs 9,000 crore.

Behind the scenes: Sitharaman chaired 3 separate meetings on GSTN preparedness for GST 2.0

Behind the scenes: Sitharaman chaired 3 separate meetings on GSTN preparedness for GST 2.0

Rediff.com8 Sep 2025

To ensure a glitch-free rollout of the next-generation GST with reduced rates and lesser slabs, Finance Minister Nirmala Sitharaman chaired three separate meetings to assess GSTN's preparedness and the time it would take to implement technological changes required in the software systems.

Lalit Modi, Vijay Mallya's Karaoke Duet Goes Viral

Lalit Modi, Vijay Mallya's Karaoke Duet Goes Viral

Rediff.com5 Jul 2025

The Instagram video has drawn significant attention due to the controversial backgrounds of both Lalit Modi and Vijay Mallya.

India@79: Rising Economy, Lingering Gaps

India@79: Rising Economy, Lingering Gaps

Rediff.com20 Aug 2025

India is set to become the world's fourth-largest economy in 2025, but slow income growth, lack of structural change, and rising inequality highlight the gap between progress and real transformation.

iPhone Affordability Index Reveals: Most Indians Can't...

iPhone Affordability Index Reveals: Most Indians Can't...

Rediff.com16 Sep 2025

The average Indian worker must labour for an extraordinary 160 full working days to afford Apple's latest iPhone 17 Pro.

Sensex, Nifty end flat in highly volatile trade

Sensex, Nifty end flat in highly volatile trade

Rediff.com1 Feb 2025

From the 30-share blue-chip pack, Zomato surged over 7 per cent. Maruti, ITC Hotels, ITC, Mahindra & Mahindra, Asian Paints, Titan and IndusInd Bank were among the biggest gainers. Power Grid, Larsen & Toubro, NTPC, UltraTech Cement, HCL Tech, Tech Mahindra, Infosys and Adani Ports were among the laggards.

'How Can I Calculate Long Term Gains On Shares Sold?'

'How Can I Calculate Long Term Gains On Shares Sold?'

Rediff.com7 Jan 2025

rediffGURU T S Khurana answers readers' personal income tax queries.

Lenskart eyeing mega expansion as it readies for IPO

Lenskart eyeing mega expansion as it readies for IPO

Rediff.com15 Oct 2025

Eyewear retailer Lenskart plans to add 450 stores in the current financial year, its fastest expansion in three years, as the company prepares for a public listing that could value it at up to $10 billion. The addition would take Lenskart's store count to more than 3,150 across 14 countries, representing a 34 per cent rise from the 334 stores opened last year.

New segments like defence and data centres to drive growth for L&T

New segments like defence and data centres to drive growth for L&T

Rediff.com9 Oct 2025

The exit of Larsen & Toubro (L&T) from the Hyderabad Metro is a long-term positive for the stock. It could be a bullish trigger, alongside higher international orders, and new opportunities in segments like defence and data centres.

Indian REITs Outshine Global Peers With 6-7% Yields

Indian REITs Outshine Global Peers With 6-7% Yields

Rediff.com16 Sep 2025

Since the first Reit listing in 2019, the sector has grown to a market capitalisation of about $18 billion as of August 2025, and is projected to cross $25 billion by 2030.

'My God, The Number Of Meetings We Had On GST!'

'My God, The Number Of Meetings We Had On GST!'

Rediff.com22 Sep 2025

'It was like rigorously preparing for a solid, good exam...' 'I don't know what marks I will get, but I felt the rigorous preparation of an exam.' 'You may sweat, but I feel rejuvenated.'

How You Can Save Rs 17,500 In New Tax Regime

How You Can Save Rs 17,500 In New Tax Regime

Rediff.com24 Jul 2024

'The adjustments (of tax slabs and standard deduction) will reduce the tax burden for salaried individuals with an income of around Rs 20 lakh by approximately Rs 18,000.' 'For non-salaried individuals with the same income level, the savings will be around Rs 10,000.'

Big relief in TDS deduction on rent from Rs 20K to Rs 50K per month

Big relief in TDS deduction on rent from Rs 20K to Rs 50K per month

Rediff.com1 Feb 2025

In a major relief for taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced an increase in the threshold for Tax Deduction at Source (TDS) on rent from Rs2.40 lakh per annum to Rs6 lakh per annum while presenting the Union Budget 2025-26. Presenting the budget in Lok Sabha, the Finance Minister said, "The annual limit of Rs 2.40 lakh for TDS on rent is being increased to Rs 6 lakh.

Tax Sops Coming In Interim Budget!

Tax Sops Coming In Interim Budget!

Rediff.com23 Jan 2024

To offer additional support at the low end of the income ranges, the Centre will consider a large-scale jump in exemption rates under the old income-tax regime in the vote on account, or interim Budget, according to a senior official in the know. Those will include an extension of the income tax exemption rates close to Rs 7 lakh and additional measures for women farmers.

Don't Blame Tax Rate For Market Volatility

Don't Blame Tax Rate For Market Volatility

Rediff.com7 Mar 2025

'Tax rate and stock markets are entirely two different things.'

SC questions HC order in Congress's tax case

SC questions HC order in Congress's tax case

Rediff.com20 Aug 2024

A bench of Justices BV Nagarathna and N Kotiswar Singh, which issued notice on the plea of the Congress against the March 13 high court order, however, said the ITAT can proceed on the political party's appeal.

'Tax refund not credited. Please help'

'Tax refund not credited. Please help'

Rediff.com5 Oct 2023

Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.

'100% communist lunatic, looks terrible': Trump slams Zohran Mamdani

'100% communist lunatic, looks terrible': Trump slams Zohran Mamdani

Rediff.com26 Jun 2025

In a stunning victory, Indian-American lawmaker Zohran Kwame Mamdani defeated former governor Andrew Cuomo in the Democratic primary race for New York City mayor

The Regret About This Budget Is...

The Regret About This Budget Is...

Rediff.com3 Feb 2025

'... that it once again shies away from renewing its commitment to strategic divestment,' points out A K Bhattacharya.

Relief for taxpayers, late refund claim may be allowed

Relief for taxpayers, late refund claim may be allowed

Rediff.com23 Jun 2025

'Experts and stakeholders have raised concern over the refund provision in the draft Bill. That was a drafting error, which will be rectified,' a government official said.