tax

Hey TFCians, Did you know you can get a tax refund on an iPhone purchase? Generally, Apple Stores worldwide don’t participate in tax refund schemes. However, in some countries, you can find authorized resellers that do. Last year, I visited Japan and purchased two iPhones (for personal/family...

Hi all, At the risk of being repetitive, I have a question regarding Water Tax Payment. I have a Water tax payment of approx rs.170000, I have the below mentioned cards- 1. ICICI sapphiro 2. Tata neu infinity 3. Bob eterna 4. HDFC DCP 5. Indusind legend 6. Yes reserv 7. ICICI Amazon 8. Kotak...

Guys, I need to pay around ₹50K in taxes and I'm looking for a credit or debit card that offers good rewards on tax payments. I’m not considering the HDFC Biz Black card and don’t have an Amex Platinum. There are many discussions on this topic, but with recent devaluations, it's unclear which...

Hi , Axis is giving CB for tax insurance and gov spends. 2% upto 750 rs on min spend of 10000 1250 flat cashback if spent 1.5L Steps to participate 1 Opt in via missed call on 7506998717 from your registered mobile number 2 Receive confirmation SMS on successful participation 3 Spend Rs...

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

Hi all, Can a Karta give tax free loan and have future income transfer to HUF PAN instead his/her PAN. What % would be safe to move to HUF of total asset? Please reply of you have done it..

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...

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...

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...

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?

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

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 )...

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...

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.

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...

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...

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...

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 Update: CBDT expects 95-97% of people to opt for the new tax regime in the coming days/years. The current rate is 72-75%. Reference: 1...

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...

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...