Mistakes in ITR filing: Income taxpayers should accurately report income and claim eligible deductions to avoid trouble with the tax department. When you file your tax return, you are expected to report your income accurately and claim deductions and exemptions that you are eligible for based on the applicable tax laws. Wrongfully claimed deductions can…
Amid concerns of a 4-5 per cent price increase in laptops, personal computers, and tablets due to import licensing, the government has asserted that it does not anticipate such a rise. Officials clarified that the number of units imported into the country would not be restricted, and clearances would be processed quickly, typically within minutes….
Gross GST collection in August 2024 recorded a 10 per cent jump to Rs 1,74,962 crore, according to the latest official data released on Sunday. The country’s revenue from the goods and services tax (GST) had stood at Rs 1,59,069 crore in August 2023. The GST refunds during August 2024 stood at Rs 24,460 crore….
The number of deaths has increased to 5,31,849 with six deaths which includes three fatalities reconciled by Kerala, the data updated at 8 am stated. New Delhi: India has recorded 552 new coronavirus infections while the active cases have decreased to 6,591 from 7,104, according to the Union Health Ministry data updated on Wednesday.The number…
EPFO news: If you are a private sector employee, you have time till June 26, to opt for a higher pension under the Employees’ Pension Scheme (EPS) run by the Employees’ Provident Fund Organisation (EPFO). Although the taxpayers have a sufficient window to opt for the higher pension under EPS. But they should note that…
.People can check if their Google account is being used by an unknown person. .The process to check the list of logged devices is very simple once you know the steps. .Users can also add an extra layer of security by enabling the 2-Step Verification feature. Did you know Google gives you a lot of…
UPSC 2023 Jobs Recruitment Notification.Union Public Service Commission inviting applications for the positions of Post Harvest Technologist, Senior Scientific Assistant.Interested and Eligible candidates can apply for the positions. Last Date for Submission of Application is on 31st August, 2023. No.of Posts and Vacancies :-Post Harvest Technologist, Senior Scientific Assistant – 30 Posts Qualification: Post Harvest…
Interest component of home loan for one let out house comes to around Rs. 3.50 lakhs. I receive a monthly rent of ₹15,000 p.m. I stay in a rented house. Under the circumstances can I claim loss from the house let out by me as deduction against my salary income? For computing taxable income, you are…
Oil marketing companies have reduced the price of 19 kg commercial LPG cylinders by Rs 30 each, effective July 1. As a result, the price of a 19 kg cylinder in Delhi has dropped to Rs 1,646 from Rs 1,676. In Mumbai, a 19 kg cylinder now costs Rs 1,598, while in Kolkata it is…
How is income from house property taxed in India for NRIs or non-resident Indians? Are there any distinct regulations that NRIs must adhere to, and what is the procedure for calculating taxable income from house property for NRIs? There are no separate rules for taxation of house property in India for residents and non-residents. Taxation…