With the Budget scheduled to be released on Feb 1, 2025 and the new tax regime being the focus of the government, major ...
7,00,000 5% (Tax Rebate u/s 87A up to Rs 7 lakh) Rs. 7,00,001 ... However, a taxpayer can choose any tax regime while filing ITR. The option of choosing any tax regime while filing ITR is available if ...
Also read ITR-1: Key Differences between the Old and New Tax Regime ... 7 lakhs under the new tax regime. Notably, the Section 87A rebate applies under the old and new income tax regimes, ensuring ...
While such gifts are legally exempt from tax under certain conditions, the lack of a designated reporting section in income tax return (ITR) forms has created confusion and led to unnecessary ...
For “non-business cases," taxpayers can elect their preferred tax regime each year by selecting the option in their Income ...
After a 69-day strike, Las Vegas culinary workers at Virgin Hotels have reached a new five-year contract. The strike, marked by contentious negotiations and public demonstrations, centered on ...
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Mr Bing Foods Inc. of New York, NY, is recalling Mr. Bing brand Sriracha Chili Sauce because the product may contain spoilage organisms. According to the details published online by the Food and ...
Israel says it has killed thousands of the armed group’s members and destroyed much of its infrastructure, but since the cease-fire started Hamas has shown it still holds power in the enclave ...
Ukrainian forces described a different kind of enemy, fighting with unfamiliar tactics and little option to retreat. By Marc Santora and Helene Cooper Rupert Murdoch’s News Group Newspapers ...
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