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News
New tax regime
New tax regime News
Income Tax
01 Apr 2024
New Change To Income Tax Rules, Slabs From 01 April 2024? FinMin Says THIS
In an explanatory tweet, finance ministry has said that some misleading information related to new tax regime is being spread on some social media platforms.
new tax regime 2024
30 Mar 2024
New Tax Rules From April 1: Did You Know About Basic Exemption Limit? Check
April 1, 2024, marks the beginning of a new financial year. Income of Rs 15 lakh and above will be taxed at 30 percent. From April 1, 2024there will be a default adoption of the new tax regime.
New tax regime
23 Mar 2024
New Tax Regime: Consider These Deductions For Optimal Savings
Despite fewer deductions, certain allowances and exemptions remain available under the new tax regime. These are mentioned below.
Interim Budget 2024
25 Jan 2024
Allow Deductions Under New Tax Regime To Increase Acceptance In Salaried Class
Most Indian taxpayers have the habit of initially investing their savings in investment avenues that provide tax deductions under Section 80C .
Income Tax
14 Jul 2023
FM Nirmala's BIG Announcement: 'No I-Tax For Those Earning Up To THIS Much '
FM in a tweet said, ''Under the new regime, there is no income tax to be paid for annual income up to Rs 7 lakh, which effectively increases to Rs 7.27 lakh with marginal relief provisions.''
ITR Filing
20 Apr 2023
Choosing The New Tax Regime? You Can't Claim Tax Rebate for THESE 7 Deductions
New Tax Regime Vs Old Tax Regime: Two people with the same salary might have different quantum of deductions, and hence their choice of tax regime could be different.
Budget 2023
01 Apr 2023
Union Budget 2023: Know What New Tax Rules Are Applicable From Today
From April 1, the new tax rule will be applicable from today. Along with this, many new rules related to Income Tax (Income Tax Rule Changes) will also be implemented.
Budget 2023
03 Feb 2023
Centre Expects 'Fabulous' Response to Revamped I-T Regime: CBDT
The new tax regime will be more beneficial for a person who does not have enough investments to claim I-T deductions. Under the revamped new tax regime, no tax would be levied for income up to Rs 3 lakh. It also allowed taxpayers to claim standard deduction of Rs 50,000.
TDS deduction
13 Apr 2020
Employees should inform employers about intention to opt new tax regime: CBDT
CBDT said an employee intending to opt for concessional rates of income tax as provided in the Budget 2020 may intimate the deductor or his employer of such intention.
long-term capital gains
06 Feb 2018
LTCG to be taxed at 10%: What choice do investors have now?
Is investment in stock markets still a better idea over investment in real estate and gold?
GST
22 Jul 2017
Adopt GST and become part of history: Irani to biz community
Taking a dig at opposition Congress, Irani said those who are criticising GST are the same people who gained when this tax system was not in place. They are now trying to create fear against the new tax regime among traders.
Flipkart
18 Jul 2017
Flipkart to foray into grocery segment; launches pilot project
Replying to a query, he said the recently introduced Goods and Services Tax (GST) has not impacted sales and almost all of Flipkart vendors migrated to the new tax regime from July 1
Union minister Bandaru Dattatreya
01 Jul 2017
'GST roll-out will create one lakh jobs in next three months'
With abolition of border check-posts, GST will ensure that inter-state movement of goods is not delayed.
New tax regime
01 Jul 2017
GST effect: Pay more to buy home appliances from July 1
Durable makers would also go for another hike before the festive seasons as the industry is considering a price revision based on input credit, when their existing stock of raw materials and components would replenish.
FMCG
30 Jun 2017
Will pass on GST benefits to consumers: Nestle
Under GST, which will be implemented from midnight tonight, there will be no tax on fresh milk.
Arun Jaitley
27 Jun 2017
There should be no politics on GST launch: Arun Jaitley
Finance Minister Arun Jaitley on Tuesday asked the Congress to refrain from indulging in politics over GST launch, saying all decisions with regard to the new tax regime were taken unanimously by the GST Council.
Walmart India
08 Jun 2017
Walmart India launches toll-free GST helpline
The Goods and Services Tax (GST) will roll out from July 1.
Tax reform in India
02 Jul 2015
Indian businesses turn sceptical on PM Modi's landmark tax reform
Companies are equally worried that the reform does not extend to real estate, one of the biggest revenue generators for the states, leaving them still subject to state taxes on plant and property, possibly including machinery.
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