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tax

  1. 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...
  2. 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...
  3. 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...
  4. O

    Tax on Crypto Currency

    Hello I have buyed a shib coin on 2022 January 19 and I sold on 2024 August 24 and I got a profit 2000 am I eligible for tax 30 percent and let me know will My family ration card gets cancel or not?
  5. 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.
  6. sanarora

    Does NPS make Sense if You have switched to New Tax Regime?

    I wanted opinion if I should continue NPS investments , I had started when I was using old Tax regimen, I am a working professional & file under 44ADA, Now my query is does it makes sense to Continue 50K / year into NPS when upfront I don't get any benefit ( 80CCD(1B) not applicable for me )...
  7. 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...
  8. 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.
  9. K

    Upcoming major expenses - which card should I put them on?

    I'm going to have to purchase a lot of stuff for a new place I'll be moving into. Plus, some other expenses also. What I'm looking for in this thread? Advice for extracting maximum value out of these spends Which card to use first or use partially? --- Expenses later in the year (not house...
  10. I

    Tax On IPO ALLOTMENT

    I am know that if I got IPO Allotment and sell ipo shares within one year then I need to pay short term gain tax. But here is twist I applied ipo with different pan and difference demat account of my family and friends circle and all ipo mandent amount block and deduct from my bank account...
  11. P

    Best Credit Card to Pay Income Tax Payments (My Portfolio - Query)

    Hello TFians, I need to make a payment of 30k on income tax, please advise which card from below would give me a cashback/reward. IDFC Select Axis Flipkart Axis Airtel ICICI Sapphiro ICICI Apay SBI SimplyClick BOB Premier Rupay BOB Snapdeal SBI Cashback HDFC Millennia ICICI Coral Rupay HDFC...
  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. A

    Need Advice: Refund from Hotel and Tax Implications

    TL;DR: During my trip to Malaysia, a hotel overcharged me 50 MYR (~1000 INR) for a lost room key when the card mentioned only 20 MYR. Despite multiple discussions, the manager later agreed to refund 30 MYR but insisted on needing my bank details for the refund. I’m concerned about tax...
  14. 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...
  15. H

    how much salary should i take to get best cards at least tax?

    i have option to work in my cousin's company for 6 months. i want to know what is the highest amount of salary i can get without paying taxes?? since i join in jan, can i take 1.7L as monthly salary until june and still stay under that 7L tax free limit after deduction since it is two financial...
  16. Vrushank

    Guidance Required On Tax

    Dear Technofino members, I have a question regarding taxes on shares and mutual funds. If my friend buys shares and later sells them at a profit, how much tax will he need to pay on the gain? Also, can he claim a loss if he sells the shares at a loss? For context, my friend is a NIL taxpayer...
  17. 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.
  18. M

    ICICI amazon pay credit card : No CB on property tax

    i just paid Surat municipal property tax bill worth rupees 3000 and 12000 using icici amazon pay credit card. but got 0. isn't it eligible for 1% CB?
  19. KGSIPO

    Time to pay Advance tax payment Dec 15

    Hi Time to pay adavnce tax by Dec 15. I have to pay nearly 2 lakhs and which debit / credit cards will be more benficial. If i pay by credit card or debit card, is there any extra charges.
  20. ENIAC

    my best choice for tax payment should be .....

    Hi guys, Need some suggestions, i have the following cards, please suggest which card to use for tax payment of 3L+ in this month 1. HDFC Infinia 2. HDFC Tata Neu 3. HDFC Swiggy (Wife) 4. Axis Atlas 5. SBI CB 6. SBI Simply click (Wife) 7. RBL Icon 8. Kotak White 9. ICICI APAY 10. ICICI...
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