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income tax

  1. S

    Safest self rent transfer amount without income tax notice?

    how much amount i can self rent transfer monthly/yearly without getting income tax notice
  2. abhinav2

    Income tax on Cashback Credit card rewards

    I have Amazon pay ICICI credit card,I am already a income tax payer so my concern is that the rewards which I get in the form of cashback in Amazon pay wallet, does this also count as an income and I pay tax for this or else this is not counted? Just wanted to know and if yes any ways to hide it
  3. S

    Clarification on Claiming Income Tax Deduction

    I recently switched to a new company, and now my salary is eligible to contribute for India for nothing in return. So, every month, an X amount of income tax is getting deducted. Consider 50K got deducted for a financial year, can I claim this under the standard deduction, or do I need to make a...
  4. sunit123

    Income Tax officers can now access your Email and Social Media Accounts

    Check following link https://economictimes.indiatimes.com/wealth/tax/your-email-and-social-media-account-can-be-accessed-by-income-tax-officer-starting-next-financial-year-in-these-cases/articleshow/118685184.cms?from=mdr
  5. SSV

    New Income Tax Bill To Be Tabled In Parliament On Thursday

    https://www.ndtv.com/india-news/new-income-tax-bill-to-be-tabled-in-parliament-on-thursday-sources-7687803#pfrom=home-ndtv_topscroll https://www.livemint.com/politics/policy/new-income-tax-bill-to-be-introduced-in-lok-sabha-on-thursday-13-february-11739290645688.html...
  6. pgarg24

    Delay in Income tax Refund Processing

    Is anyone else facing delays in their return processing for AY 2024-25? Refund processing is pending for both of my parents. I've been raising grievances every month since October, but they keep closing the tickets without providing any timeline, just asking me to wait and it will be done when...
  7. I

    BUDGET 2025 Discussion | Your Predictions/Suggestions/Reviews/ Outcomes

    Nirmala Ji is set to present the Union Budget for 2025-26 tomorrow (February 1, 2025). Salaried taxpayers and the middle class have been waiting for potential income tax relief, especially modifications to the new income tax regime. (15L tax-free? yeah no chance :P) But honestly, I don’t have...
  8. vchouksey80

    Income tax advance payment query

    Hi All, Can I pay advance income tax payment monthly for eg 20k per month? First time I will be doing this hence asking.
  9. K

    Tax exemption / reimbursement

    Hi everyone, I have a query regarding the exemption and reimbursements. My company has recently collected our investment declaration information for form 12bb. We were also allowed to add the proof details for the reimbursement provided by my company. My company provides petrol reimbursement...
  10. Mynameisjoker99

    Has anyone received Income tax notice for money rotation through credit card?

    Have anyone receive IT notice for credit card money rotation? Repayments for more than 10L in F.y across all credit cards. PLS SHARE HOW YOU HAVE HANDLED THIS SITUATION. AS no income is involved in this whole process it's simply paying one cc bill from other cc.
  11. S

    Which card to use for Advance tax payment?

    Hi, please if someone can help which card to use for advance tax payment? Which card will give reward points and count of milestones. I have the below cards. 1. Infinia 2. Atlas 3. Amex Platinum Travel 4. IDFC Wealth 5. SBI Vistara Prime
  12. 2

    Income Tax: New Regime vs Old Regime

    Which Income Tax Regime have you opted for in ITR? 1. Old Regime 2. New Regime 3. Don't Have Taxable Income 4. Prefer not to Disclose
  13. 2

    Income Tax Slab & Rate for FY 2025-26

    Hi Friends, Below are the new income tax slab and applicable rate for FY 2025-26, as per the budget announcement by our Finance Minister dated Feb. 1, 2025. I have also calculated taxpayers' net savings (based on reference income) for your quick reference based on the recent tax cut...
  14. S

    Pay Home loan using cash without income tax notice

    I am paying home loan of 10 lakh via cash…. How can I prevent income tax notice… Which is the best bank home loan account which is not linked to PAN Card and allows cash deposit.
  15. Batmanbaba

    Query regarding income tax payment

    Suppose someone has to pay income tax of 7.5 lakhs... Via epay.... Do we have to pay 7.5 lakh in one transaction or can we do it in 2-3 transactions like... Some amount using netbanking and remaining amount using credit card....??
  16. Ankitkum230@

    Credit card income tax

    I spend 8 lac in this year on credit card One card with 4.5 lac,other with 2 lac ,other with 1lac and other with 1 lac and my salary is around 9 lac will I get a income tax notice I fill ITR every year I am salaried
  17. J

    Credit card for income tax payment of 20 lakh plus

    I am looking to make a payment for income tax payment of 23 lakhs for 2 family member ideally before 15 November. (Can delay if benefits ate worth it) Let me know which would be the best card for this purpose. Existing Cards: hdfc business regalia bob eterna axis select indus legend tiger max...
  18. J

    Ideal Credit card for Income Tax Payment - Discussion

    Which is the best credit card to pay income tax of 4 to 6 lakh? I know this is a repeated question but with constant devaluation and changes in credit cards it’s difficult to keep track. I Don’t have any premium credit cards. I am unable to get biz black, infinia , yes reaerve/marque or any...
  19. Kilbisham

    Axis airtel application rejected because PAN details not found in Income Tax database

    Ran into a strange issue. First I get an email saying "rejected due to credit norms". After I ask for detailed response, I get the reply as mentioned in the title. Don't know what went wrong as I have many ITRs filed with the PAN and my cibil shows enquiry from Axis bank. Asked for completed...
  20. aam.aadmi

    Income Tax Sending Massive Demand Notices to Tax Payers Due To System Glitch

    A glitch in the Infosys managed CPC software has led to the consideration of partial/unrelated TDS amounts during the system based tax liability assessment, thereby resulted in taxpayers across the country receiving massive tax demand notices including penalties, despite the TDS being deposited...
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