Income Tax dept sends notices for HRA claims without TDS deductions. Here's what you can do
Tenants must deduct 2% TDS if their monthly rent exceeds ₹50,000, if the landlord is a resident Indian and 31.2% if the ...
Tax Guru1d
Section 10(46) Income Tax Exemption for Karnataka Urban Water Board Notified
Central Board of Direct Taxes (CBDT) has notified the Karnataka Urban Water Supply & Drainage Board, Bangalore, for tax exemption under Section 10(46) of the Income-tax Act, 1961.
Tax Guru3d
Income Tax Offices to Remain Open on March 29-31, 2025
2. Therefore, to facilitate completion of pending departmental work, all the Income Tax Offices throughout India shall remain open on 29 th, 30 th and 31s t March, 2025. This direction is issued for ...
Pending tax work? Income tax department offices to stay open on March 29-31
Income Tax offices in India will remain open from March 29 to March 31, despite the weekend and Eid-al-Fitr, to assist ...
Newsweek12d
Income tax
Kentucky Gov. Andy Beshear signed a bill into law which will reduce the personal income tax for millions of Kentuckians. Tax season is now in full swing and the government agency has several ...
CBS News24d
How much of your Social Security income is taxable?
After decades of working and contributing to the Social Security system, many retirees assume that the benefits they've earned are exempt from federal income tax — but unfortunately, that's not ...
Yes Bank Receives Demand Notice of Rs 2,209 Crore from Income Tax Department for Assessment Year 2019-20
Yes Bank has received a demand notice of Rs 2,209 crore for the assessment year 2019-20, raising concerns over its basis and ...
Mint25d
Income Tax: Why should you invest in ELSS & tax saving bonds to save tax?
Investors can claim income tax benefits via investing in equity as well as debt. In equity, one can opt for equity linked savings scheme (ELSS). And in terms of bonds, investors can opt for tax ...