income - Wander City

PAN-bank link on income tax website: NPCI enables real-time verification via API; faster refunds, fewer errors expected – Times of India

alishpagda08@gmail.com23 hours ago03 mins

The national payments corporation of India, NPCI, has introduced a new facility for real-time PAN and bank account validation on the Income Tax department’s e-filing website. Announced in a circular dated June 17, 2025, the initiative aims to streamline the verification process for taxpayers linking their PAN with their bank accounts.The facility, launched through a…

Income Tax Return filing AY 2025-26: Which ITR form should freelancers and gig workers use? Explained – Times of India

alishpagda08@gmail.com2 days ago04 mins

ITR filing: Understanding the appropriate tax filing requirements is essential for freelancers. (AI image) Income Tax Return (ITR) e-filing FY 2024-25: ITR filing may be relatively straightforward for salaried individuals, but what about gig workers and those who earn through freelancing? With the rise of freelance and gig-based income, many individuals are unsure how to…

Income Tax Return: Are capital gains from MFs taxed differently under new & old regime? What taxpayers should know about new LTCG, STCG rules – Times of India

alishpagda08@gmail.com3 days ago04 mins

Capital gains from sale of mutual funds (MFs) are taxable In India, under both the old and new income tax regimes. (AI image) Income Tax Return Filing AY 2025-26: One important aspect of income tax return filing, apart from reporting income from salary, is also filling in details of any capital gains – short-term or…

Income Tax Return e-filing: Can you keep switching between new and old tax regime every year? What taxpayers should know – Times of India

alishpagda08@gmail.com6 days ago05 mins

The new income tax regime offers lower tax rates and higher standard deduction compared to the old tax regime. (AI image) ITR filing FY 2024-25 (AY 2025-26): When filing your income tax return every year, the choice between the old and the new income tax regime is an important one. The new income tax regime…

Crypto investments under scanner: CBDT launches probe into unaccounted income; high-risk investors in VDA may face scrutiny – Times of India

alishpagda08@gmail.com2 weeks ago03 mins

The Central Board of Direct Taxes (CBDT) has launched a probe into possible tax evasion and laundering of unaccounted income through investments in virtual digital assets (VDAs), including high-risk VDA transactions and cryptocurrencies, sources in the government said on Thursday.The tax authority is currently verifying individuals and entities engaged in high-risk VDA transactions who appear…

8 proven strategies to double your income and increase your employability – Times of India

alishpagda08@gmail.com3 weeks ago04 mins

Economic uncertainty and rapid technological change have reshaped the career landscape. Traditional paths to income growth and job security no longer guarantee success. Instead, professionals must adopt deliberate strategies that increase their value to employers and open doors to higher earnings.Doubling your income and improving employability are achievable with focused effort and smart decisions. The…

On retirement day, Odisha chief engineer held for Rs 15cr assets, 483% more than income | India News – Times of India

alishpagda08@gmail.com3 weeks ago02 mins

BHUBANESWAR: A day after Baikunthanath Sarangi, chief engineer with Odisha’s rural development department, was caught on camera tossing bundles of cash onto his neighbour’s terrace during a vigilance raid at his Bhubaneswar house, officers arrested him on his day of retirement Saturday on charges of possessing disproportionate assets worth over Rs 15 crore.Vigilance officers produced…

ITR filing FY 2024-25: What’s new this year? Top things every taxpayer should know before income tax return filing – Times of India

alishpagda08@gmail.com4 weeks ago07 mins

ITR filing FY 2024-25: Even if you don’t have taxable income, you may still be required to file a return under certain conditions. (AI image) By Kuldip KumarThe Government recently notified the income tax return (ITR) forms for the financial year 2024–25. While there aren’t many changes, most of them are aimed to facilitate the…

Income tax department notifies ITR-U: Extended window for filing updated return, penalties- all you need to know – Times of India

alishpagda08@gmail.com1 month ago03 mins

NEW DELHI: The Income Tax Department has officially notified the updated return form, called ITR-U, allowing taxpayers with an extended window of four years to rectify or update their income tax returns. This move comes in line with the amendments introduced in the Finance Act, 2025.Previously, taxpayers had a 24-month period to file an updated…

RBI forex income likely higher, set to push dividend payout to central government – Times of India

alishpagda08@gmail.com2 months ago03 mins

The central bank’s income from foreign exchange reserves deployment in FY25 appears higher than the previous year, influenced by sustained elevated US treasury yields throughout several months, based on recent RBI data quoted by the Economic Times.This income, stemming from interest earnings on foreign assets, could contribute to an increase in the central bank’s dividend…