New ITR-2 form notified: The Central Board of Direct Taxes (CBDT) has notified the ITR-2 Form for AY 2025-26, which includes key changes such as separate reporting of capital gains, allowance of capital loss on share buybacks from October 1, 2024, and a raised threshold for reporting assets and liabilities to Rs 1 crore. The…
The revised new tax regime introduces updated income tax slabs for FY2025-26. (AI image) As the new fiscal year commences (April 1, 2025 – March 31, 2026), several significant changes in income tax, financial frameworks and banking operations will impact citizens, organisations and market participants. The revisions include adjustments to income tax slabs under the…
These changes in TDS rules will take effect from April 1, 2025. (AI image) New TDS rules: Finance Minister Nirmala Sitharaman’s Union Budget 2025 presentation included significant modifications to TDS (Tax Deducted At Source) regulations, offering financial benefits to various taxpayer categories, including senior citizens, investors and commission earners. These changes in TDS rules will…
NSC and tax-saving FDs both qualify for Section 80C deductions up to Rs 1.5 lakh, but differ in interest taxation. (AI image) National Savings Certificate vs Bank Fixed Deposits: For tax-saving investments, National Savings Certificate (NSC) and bank tax-saving Fixed Deposits (FDs) stand out as preferred choices. These instruments guarantee returns, offer tax advantages under…
TDS rule changes in Budget 2025: वित्त वर्ष 2025-26 का बजट पेश करते हुए वित्त मंत्री निर्मला सीतारमण ने घर के किराए पर टीडीएस के नियम में भी बदलाव किया है. सरकार ने घर के किराए पर टीडीएस से छूट की लिमिट को 2.4 लाख रुपये से बढ़ाकर सीधे 6 लाख रुपये कर दिया है….
One of the major amendments proposed in the current budget is the change in the tax rates and slabs under the Concessional Tax Regime. By Surabhi MarwahBudget 2025 income tax: The Finance Minister in her budget speech stated that taxation reforms were one of the key reforms to realise the vision of “Viksit Bharat”. The…
In its first full Budget on July 23, 2024, the re-elected govt had announced a revamp of the Income-Tax Act to make it simpler and easier to understand. This exercise has commenced, and with Budget 2025 almost here, businesses are expecting simplification of the tax deduction at source (TDS) provisions as part of the Budget…
NEW DELHI: The Supreme Court on Friday declined to hear a PIL that sought to abolish the tax deducted at source (TDS) system under the Income Tax Act, noting that such deductions are standard practice. The bench, led by Chief Justice Sanjiv Khanna and Justice Sanjay Kumar, advised the lawyer petitioner Ashwini Upadhyay to present…
<p style="text-align: justify;">करियर में आगे बढ़ने की होड़ और आर्थिक रूप से खुद को अधिक मजबूत बनाने की चाह में अगर आप भी नौकरी बदलने का सोच रहे हैं, तो कुछ जरूरी बातों का ध्यान रखना चाहिए. नौकरी बदलते समय एम्पॉयर को अपनी पिछली कंपनी की सैलरी और टैक्स डिडक्शन के बारे में बताएं. अगर…