Tag: income tax

income tax return rules if you fill false information in itr then could be fined with this much amount

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Rules for ITR: All the people in India who earn money and come under the purview of income tax, have to file their annual income tax return. This year, the last date for filing income tax return is 31st July. If anyone does not file income tax return i.e. ITR by this date, then they will have to file it later with a penalty. While filing ITR, people have to enter their correct information. But many times people get caught up in the hassle of returns and fill wrong information…

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pakistan begged for loan shehbaz sharif and imf end without any agreement due to disagreement on new tax rule | Pakistan needs money at any cost! But IMF has put these conditions; Shahbaz said

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Pakistan Economic Crisis: Pakistan’s economic condition is bad and inflation is at its peak. Pakistan is not getting any relief from the burden of debt. In such a situation, Pakistan has received a big shock from the International Monetary Fund. Where Pakistan’s talks with the IMF regarding the loan ended without any result. There was no agreement on income tax rates and tax on prices of agriculture and health sector, after which the IMF also stopped the talks. Inflation in Pakistan is at its peak. In such a situation, the…

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do you have to pay the tax for gifts received in marriage know about the rule

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Tax on marriage gifts: A lot of money is spent on weddings in India. You must have seen. Often relatives, friends and other people come. Almost everyone brings gifts. Someone gives money as a gift. So someone gives expensive items as gifts. In such a situation, this question often comes in the minds of people whether there is any kind of tax on the gifts received at a wedding or on the money received as a gift. Let us know what the income tax rules say regarding gifts received at…

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Income Tax Department notices for fake HRA claim salaried employees always keep these documents ready

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Income Tax Department: If you also work and are engaged in different tricks for tax saving every year, then you need to be careful now. Such people are being identified by the Income Tax Department and notices are being sent to them. Most of the attention is being kept on those people who are claiming their House Rent Allowance i.e. HRA fraudulently. Tax collection notices are being given to such people. Today we are going to tell you that if you also get such a notice, then how should you…

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how much tax exemption you will get on home loan know the details

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Tax Benefits On Home Loan: Owning your own home is the dream of anyone’s life. People are able to buy their house after a lot of hard work. But sometimes people do not have enough capital to buy a house. But buying a house is necessary. In such a situation he takes a loan from the bank. Banks are giving offers to take home loan. At the same time, Modi government is also giving a lot of facilities to the people to buy houses. Income tax concession is being given…

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If you file ITR in this way then you will not face any problem.

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If you are filling ITR for the first time. So you will have to register. If your ID is valid. Then you will have to log in. After logging in to the website, you will have to click on the option of File Income Tax Return from the e-file tab. After this, select the assessment year for which you want to file ITR. After that click on Continue. After this, click on the Online mode given below. After this, you will have to choose Hindu Undivided Family (HUF), or any…

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Do political parties also have to pay tax know how their income is calculated

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Political Parties Tax: Election dates have been announced in the country. All political parties have declared their lists of candidates for the elections. Elections for the 18th Lok Sabha are to be held in seven phases. Meanwhile, a lot of talk is coming about political parties and the donations received by them. The Congress party has accused the Income Tax Department of freezing their accounts for wrong reasons. Let us know today. Do political parties also have to pay? How is tax calculated? Do political parties have to pay income…

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know according to cbdt how much gold can you keep at home

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Gold Limit: In India, people have great attachment to gold. In India, women especially like to wear gold. Along with this, people also like to keep gold at home. People make a lot of gold jewelery and other things and keep them. Nowadays people also make gold coins and gold biscuits and keep them at home. But do you know what. This does not mean that you can keep any amount of gold at home. The government has made rules regarding keeping gold at home. Let us know what those…

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Election Commission Electoral Bond Fresh Data reveals Hero MotoCorp bought 20 crore worth Bonds after income tax raid

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Hero MotoCorp bought Electoral Bond: Lok Sabha Elections On Sunday (March 17), the very next day after the announcement of 2024 dates, the Election Commission has uploaded the data of latest information received on electoral bonds from State Bank of India (SBI) on its website on the orders of the Supreme Court. After this new data became public, a big case of electoral bond purchase of auto sector major Hero MotoCorp has come to light. According to the report of The Telegraph, according to the data released by the Election…

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PAN Card Correction in Name and Date of Birth easy online process income tax

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There are many such documents which we need many times. PAN card is also one such document, which is necessary to be used in any financial transaction. PAN card is issued by the Income Tax Department. People without PAN card have to face many problems. Many times people have some mistakes in their PAN card and they do not know how they can correct them. Today we are telling you an easy way to improve PAN. This information is available in PAN cardPAN card is issued only once to any…

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