The shares of Apple were acquired within the previous year but after the end of the relevant calendar year. Thus, the assessee is not required to furnish the details of Apple’s share in ITR applicable for Assessment Year 2022-23. The disclosure requirement for such investment shall arise in...
The new tax regime has now introduced a standard deduction of ₹ 50,000 for pensioners, including family pensioners. A senior citizen with an income of ₹ 7.5 lakhs will have no tax liability in either tax regime. This is assuming that the person claims maximum deductions and exemptions (...
ITR (Income Tax Return) forms for the financial year 2018-19 or Assessment Year 2019-20 are available for filing. There are not many changes in this year ITR. ForSalariedand PensionersStandard Deduction of Rs 40,000is available,New Section 80TTB for senior citizensfor interest on FD etc and...