Khyati Dharamsi

Insurers may selectively cover emerging cholesterol medication. But those who have taken the injection as part of a clinical trial need to inform the insurer as their risk assessment changes.

ITR filing process this year has been marred by constant updates to the AIS, delays in Form-16 receipt and hiccups in accessing AIS and the e-filing portal.

While the old utility of income tax filing permitted the claim of Rs 25,000 worth of rebate, the altered utility — updated on July 5, 2024 — declines it, without any amendment in the Income Tax Act, 1961.

The government extended the direct benefit transfer for fresh workforce through the employee provident fund

Steeper 20 percent TCS paid on foreign tours and foreign investments needn’t wait for advance tax only

Compounding of non-payment of TDS by corporates to be rationalised

The government silently took away the indexation benefit available to land and buildings among other assets

No likelihood of offering more deductions in the future as we are moving to simplified tax regime

The abolition of indexation benefits in calculating capital gains tax on real estate and property will not affect everyone.

From cashbacks on credit cards being reported as income to joint holders of mutual funds and real estate sales being subjected to same income, your Annual Information Statement can show multiple errors. Correct it soon before it is too late.