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July 31 was the final deadline for filing income tax returns (ITR). As of this date, over 7.28 crore income tax returns for the financial year 2023-24 were filed, marking a 7.5% increase compared to the 6.77 crore returns filed for FY 2022-23, according to a Ministry of Finance release on Friday. Taxpayers are advised…

Starting August 1, the National Payments Corporation of India (NPCI) has introduced new FASTag rules aimed at streamlining toll collection, reducing congestion, and enhancing the efficiency of the nation’s roadways. These changes also necessitate users to update their accounts to avoid potential inconveniences at toll plazas. Consequences of Non-Compliance Adhering to the new rules and…

The Union Budget 2024 has proposed simplifying the holding periods for capital gains by introducing only two durations: 12 months and 24 months, to determine short-term and long-term capital gains, respectively. Additionally, the tax rates have been streamlined and made uniform for most assets. The indexation benefit has been removed in Budget 2024, while the…

Finance Minister Of India, Nirmala Sitharaman presented the Union Budget 2024-25 during the monsoon session of parliament. In her seventh record Budget, the finance minister outlined key priorities to foster economic growth and create ample opportunities. Increased capital gains in the new budget have become one of India’s most widely discussed points nowadays. After the…

Finance Minister Nirmala Sitharaman on Tuesday presented her seventh Budget in a row — Union Budget 2024-25. Though there are measures like no indexation on property & gold sales and higher LTCG on listed equities that have disappointed markets, the finance minister also announced a number of measures that will benefit taxpayers. Here are 22…

Online bill aggregators such as SBI Unipay offer a common platform for paying all bills; attractive reward points are an added incentive for users to transact on these portals. Users of SBI Unipay, the online bill payment aggregator service of the country’s top bank SBI, have not been able to pay their credit card bills…

The Aadhar Card has become an essential document today. It serves as an identity proof in India. Cybercriminals often use Aadhaar cards for scams and fraud. The victim list of cyber scams ranges from common people to celebrities. Due to increased cases of such scams, the Indian government warns citizens against such frauds through advertisements…

Income Tax Return Verification Process: After you file your Income Tax Return (ITR) in India, verification is a crucial step to complete the process. The Income Tax Department offers several methods for verifying your ITR. ITR Filing Last Date 2024: The last date for filing an ITR for the financial year 2023-24 (assessment year 2024-25)…