Equity-Linked Savings Scheme (ELSS): An Eye on Tax-Saving Mutual Funds

Equity-linked savings scheme (ELSS) funds, also referred to as tax-saving mutual funds,…

Investing in Shares, Mutual Funds in a Minor’s Name? Know About the Income Tax Implications

For parents looking forward to making investments in equities and mutual funds…

New Discard Feature on Income Tax Website to be introduced from AY2023-24

The Income Tax (I-T) department has introduced a new ‘Discard ITR’ feature…

Total of 7.41 Crore Income Tax Returns Filed for AY 2023-24

The Central Board of Direct Taxes (CBDT) released data which shows that…

DPIIT-Recognised Startups Will Not Face Scrutiny Under Angel Tax Provisions

The Central Board of Direct Taxes (CBDT) issued directives to its field…

New Feature Introduced by I-T Department, Allows Taxpayers to File Now and Pay Later

Big news for taxpayers! The income tax department recently introduced a ‘Pay…

New Norms Decoded: Tax-Free Receipt from Insurance Policies

A recent change has been introduced in Section 10 (10D) of the…

CBDT notifies rules to calculate life insurance income where premium exceeds Rs.5 lakh

The Central Board of Direct Taxes (CBDT) issued a circular on 16…

ITR Filing for AY 2023-24 Hits All-Time High at 6.77 Crore

The number of income-tax returns (ITRs) filed in the assessment year (AY)…