06/15/2025
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Tag: income tax

Invested in Sovereign Gold Bonds? SGBs offer tax-free early redemption within 21-day annual window; here’s how it works | India Business News – Times of India

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[ad_1] Sovereign Gold Bonds: Investing in Sovereign Gold Bonds (SGBs) can be beneficial for individual investors seeking to protect their savings with gold. If the need arises to cash out prematurely, investors can do so without facing income tax on their gains. The premature redemption window opens for 21 days. Here’s how it works.According to…

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Budget 2024 income tax: New vs old tax regime – how FM Sitharaman can make simplified tax regime more appealing for taxpayers | Business – Times of India

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[ad_1] By Aarti Raote and Poornima GBudget 2024 income tax expectations: The new and simplified personal income tax regime was introduced in the Budget of 2020 with the objective to simplify tax compliances and provide significant relief to individual taxpayers. The new tax regime provided for significantly reduced income tax rates for individual taxpayers who…

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EPFO Changes Document Verification Process for Date of Birth Update | India Business News – Times of India

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[ad_1] EPFO update: The Employees’ Provident Fund Organisation (EPFO), under the Ministry of Labour and Employment, has made changes to its document verification process for correcting or updating the date of birth (DoB). The recent announcement on January 16, disclosed the removal of Aadhaar from the list of acceptable documents as the date of birth…

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Polycab share price plunges 20% amid allegations of ‘unaccounted sales’ by Income Tax Department – Times of India

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[ad_1] Polycab shares today: The shares of electrical equipment manufacturer Polycab witnessed a dip of 20%, with the stock price dropping to a daily low of Rs 3930.55 on Thursday. This decline followed revelations by the Income Tax department, which uncovered unaccounted sales amounting to Rs 1,000 crore during recent raids on the Polycab group.“Unaccounted…

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ONDC: Income Tax department clarifies applicability of TDS liability for online retailers – Times of India

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[ad_1] The income tax department has clarified the applicability of TDS liability of e-retailers trading through the government’s ONDC initiative. ONDC or Open Network for Digital Commerce is a new initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) incorporated in December 2021. A Section 8 company, ONDC is an initiative of…

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I-T: Raids on MP Sahu led to seizure of 351 crore in cash, 2.8 crore jewellery | India News – Times of India

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[ad_1] NEW DELHI: The search operation undertaken by the income tax department at the premises linked to Congress Rajya Sabha MP Dhiraj Sahu has resulted in seizure of undisclosed cash amounting to more than Rs 351 crore and unaccounted jewellery exceeding Rs 2.8 crore.A statement issued by the tax department said a substantial part of…

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