Andaz Apna Apna is practically the most quoted film since Sholay, observes Sukanya Verma, as she celebrates 30 years of this cult classic movie.
The Income Tax Department has notified ITR forms 1 and 4, which are filed by individuals and entities with annual total income of up to Rs 50 lakh for FY 2023-24 (AY 2024-25). Individuals, besides Hindu Undivided Families (HUFs), firms having income up to Rs 50 lakh and those having earnings from business and profession in the current fiscal (April 2023-March 2024) can start filing returns for the income earned this financial year.
Income Tax department have released different tools to help you file your ITR-3 form easily.
'Earlier there was no provision for considering TCS collected from the taxpayer for overall tax computation.' 'Now, credit will be given by the employer for TCS already collected to consider net tax to be deductible.'
'PPF carries minimal risk.' 'Its fixed-income nature allows investors to diversify their portfolios.'
'If an individual makes significant financial investments, she should stick to the old regime.' 'If the individual prefers straightforward computation without any tax benefits, the new regime would be suitable.'
The primary market will see a flurry of activity in March, with at least three companies including Gopal Snacks will float their initial public offerings (IPOs) in the upcoming week to raise Rs 1,325 crore collectively. The other two companies which are set to launch their maiden public issues are -- RK Swamy and JG Chemicals. Additionally, Bengaluru-based luxury furniture brand Stanley Lifestyles and Krystal Integrated Services are expected to float their initial share-sales later this month, according to merchant bankers.
The 21st Law Commission said the special status given to the entity of HUF was a 'so-called gift by the British', who could not comprehend the complex socioeconomic structure of Indian families. 'Now, this status is being used for the evasion of tax only,' it said.
IMAGES from Day 4 of the Wimbledon Championships, at the All England Lawn Tennis and Croquet Club, London, on Thursday.
'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.'
Former US Open champion Dominic Thiem huffed and puffed his way into the main draw of the Brisbane International on Saturday, but not before a hissing intruder slithered onto the court and briefly halted play.
What many don't realise is that including their spouse and children in their tax planning can enable them to reduce their tax burden legally.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
A new schedule has been added to report income from cryptocurrencies and other Virtual Digital Assets.
Prashant A Bhonsle explains the tax benefits you can avail under Section 80E of the Income Tax Act.
Do you know what tax-loss harvesting is? Does it help you save tax? Financial planning expert P V Subramanyam offers all the answers.
Novak Djokovic huffed and puffed but forced his way into the fourth round of the French Open.
Less than half the ministers in Team Yogi are not long-term BJP members. Many old-timers have been dropped.
The Securities and Exchange Board of India (Sebi) may allow non-resident Indians (NRIs) and Overseas Citizens of India (OCIs) greater exposure to domestic equities if their investments are sent through foreign portfolio investors (FPIs) registered at the GIFT City International Financial Services Centre (IFSC). The proposal will be taken during Sebi's board meeting on Saturday along with other key agenda items such as easing of voluntary delisting mechanism and introduction of a regulatory framework for real estate fractional ownership platforms, said people in the know. At present, the combined holdings of NRIs and OCIs in a global fund have to be less than 50 per cent, while that of a single NRI or OCI is capped at 25 per cent.
Alice Capsey brought up the joint-fastest half-century at a Women's T20 WorldCup during her stunning knock
'Tenants who pay rent above the threshold limit must be extra cautious about TDS fillings.'
She has shown shrewdness, sensitivity, and courage. All of these will be needed in ample quantities for the real challenge that will emerge after the elections, notes Shreekant Sambrani.
If you disagree with the notice, be ready to explain.
Anamika Pareek explains the advantages of investing in tax-saving options like the equity-linked savings schemes.
Introducing UCC is a challenging task for any government. The complexities are real and difficult to negotiate as it deals with sensitive religious and cultural sentiments. How can it strike an easy balance between individual rights and community interests?, asks Ramesh Menon.
Bureaucrats are finding it difficult to keep pace with Modi's working style -- from long work hours to faster clearance of files -- it is a telling tale in the corridors of power. Vrishti Beniwal finds out
Pasta procured in Italy cooked up with lightly braised vegetables that can be mimicked in India.
The first tranche of sovereign gold bond for 2022-23 will open for subscription for five days from June 20, the Reserve Bank of India said on Thursday.
The judgement has dealt with the question whether the share of such children is limited only to the self-acquired property of their parents under Section 16(3) of the Hindu Marriage Act.
rediffGURUS Hardik Parikh, Tejas Chokshi, Mihir Tanna and Sanjeev Govila answer your tax related queries.
Credit card payments for foreign travel will be brought under the purview of the Liberalised Remittance Scheme (LRS) of the Reserve Bank, to ensure that such expenses do not escape TCS (Tax Collection at Source). While moving the Finance Bill 2023 for consideration and passage in the Lok Sabha on Friday, Finance Minister Nirmala Sitharaman said the Reserve Bank has been asked to look into ways to bring credit card payments on foreign tours under the LRS. "It has been represented that payments for foreign tours through a credit card are not being captured under the Liberalised Remittance Scheme (LRS) and such payments escape tax collection at source (TCS)," she said.
Neeyat is not only sluggish, it also creates zero interest in the characters. It could, perhaps, be watched on OTT, where it is inevitably headed, feels Deepa Gahlot.
Delhi Capitals are at the bottom of the 10-team league with 2 points from 6 matches SunRisers Hyderabad are 9th with 4 points from 6 matches.
Salaried persons whose liability is fully deducted as tax deducted at source by their employer need not worry about advance tax payments, unless they have other sources of taxable income.
If an assessee misses the December 31 deadline, s/he can file a belated tax return by paying a late filing fee. 'This must be done within three months from the original filing date.'
The Union finance ministry on Thursday issued a clarification on the changes in FEMA rules which brings overseas international credit card spending under the RBI's liberalised remittance scheme (LRS). Here's how it affects you.
Now that the two teams have reached the semi-final stage, albeit by taking contrasting routes, an India-Pakistan title clash is being anticipated.
Portugal's Bruno Fernandes has long played second fiddle to team mate Cristiano Ronaldo but on Monday he stepped out of the superstar's shadow by scoring two goals to steer his team past Uruguay and into the World Cup Round of 16.
Strikes from Freiburg's Ritsu Doan and VfL Bochum's Takuma Asano, who struck from fellow Bundesliga player Ko Itakura's deep free kick, gave the Asians their first ever win over Germany.
The recommendation, if implemented, is likely to face opposition from the government's key support base among Hindu traders and businesspersons.
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