Income Tax: Will April Salary Be Taxed Under New Bill Or 1961 Act?

Income tax rules on cash transaction between Husband-Wife and Son-Father, know rules - Business League

Income tax rules: Income tax keeps an eye on our every transaction. But is there any tax on cash transactions or can Income Tax send a notice? Or how much cash transaction can take place between you and your wife or between father and son? If you also have these questions in your mind, then let us know their answers… Income tax rules: If you also transact money between father and son or between husband and wife, then this news is useful for you.…

Income Tax: Will April Salary Be Taxed Under New Bill Or 1961 Act?

The new financial year came into effect on April 1, introducing a host of changes to the financial rules and regulations in India. A key change introduced in this financial year is the launch of more favourable tax slabs under the new income tax regime.The changes make an annual income of up to Rs 12 lakh completely tax-free. For salaried individuals, this threshold stands at Rs 12.75 lakh with a standard deduction of Rs 75,000. The move aims to…

Income Tax Bill: Select Lok Sabha Committee to review bill on representation of CSs and CMAs

Income Tax Bill: Select Lok Sabha Committee to review bill on representation of CSs and CMAs The next sitting of the select Lok Sabha Committee to review the bill on the representation of Company Secretaries (CS) and Cost Accountants (CMA) will take place on 16th April 2025. Greater transparency, easier tax compliance, and the removal […]