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India, Israel ink nine pacts on cyber security, other sectors
Mon, Jan 15, 2018
India today assured Israeli firms to resolve their concerns and make things easier for them to do business here.
Here's how you can avail tax deduction under Section 80G
Wed, Jan 10, 2018
Under IT Act, Section 80G is available for contributions made to certain relief funds and charitable institutions.
How to pay tax on bitcoins profit?
Sun, Dec 17, 2017
Dhiraj recently sold a Bitcoin worth Rs 2,75,000/- after the money what he invested in it got doubled. But he is not aware whether he need to pay tax on this or not and if tax needs to be paid then under what income tax head and how much! Let’s understand: -
GST Council to meet tomorrow; discuss roll out of e-way bill
Fri, Dec 15, 2017
The all-powerful GST Council will meet tomorrow to discuss early implementation of e-way bill as well as ways to plug tax evasion.
GST will become good and simple tax in a few months, says MoS for Finance
Wed, Nov 29, 2017
Minister of State for Finance Shiv Pratap Shukla today asserted that GST will become a "good and simple tax" in the matter of few months, as issues regarding the new tax regime have been addressed by the government.
Govt says GST rates may be rejigged to reduce burden on SMEs
Mon, Oct 23, 2017
Just few months after the introduction of the GST, the new tax regime has seen several teething troubles and compliance issues.
Now chat online with IT-department experts to clear your doubt in tax filing
Wed, Oct 18, 2017
A taxpayer can get their doubt answered by entering on official website of IT-department. There is an icon at the right side of website.
Direct Tax collections' reach 39.4% of FY18 Budget Estimates
Wed, Oct 11, 2017
In the Union Budget 2017, the government has fixed direct collections target at Rs 9.8 lakh crore. So far, the govt has received Rs 3.86 lakh crore between April - September 2017.
Why govt is wrong that car, bike buyers are rich enough to afford high petrol, diesel prices
Sun, Sep 17, 2017
The Union Minister Alphons Kannanthanam commented on Saturday that those who can afford to buy a car or bike, can afford to pay for the high petrol and diesel prices too.
Income Tax: Your ITR filing process not complete unless send for ITR-Verification
Sun, Jul 30, 2017
Tomorrow is the last to submit your Income Tax Return for the financial year 2016-17. With one day in hand, the taxpayers should come forward to file ITR to avoid penalties.
EY launches GST helpdesk for small businesses
Sun, Jul 09, 2017
EY GST Helpdesk is driven by a pool of indirect tax professionals powered by over 800 GST practitioners across 14 cities.
World Bank doing biz report conveys half picture of India
Sun, Jul 09, 2017
The World Bank's findings on ease of doing business contain anomalies and do not truly reflect the reforms undertaken by India so far, especially with respect to taxes, says a commerce and industry ministry official.
Is today the last day to link Aadhaar and PAN? We decode
Fri, Jun 30, 2017
Linking Aadhaar becomes mandatory from July 1 but it will not make your PAN card invalid. Time period is expected to be given soon by the IT department.
Income Tax filing: Here's what you need to remember; Sahaj, Aadhaar, PAN
Tue, Jun 27, 2017
Quoting Aadhaar card for filing IT returns will become mandatory from July 1. Here's what you need to keep in mind
Cairn created maze of subsidiaries, taxed Rs 10,247 crore
Sun, Jun 25, 2017
UK's Cairn Energy, which became the first company to face coercive recovery in retrospective tax action, had created a maze of subsidiaries in a span of just six months to transfer Indian assets, an event that led to a demand of Rs 10,247 crore as dues.
Income tax mop-up begins on strong footing, up 26.2% till date
Fri, Jun 16, 2017
Among the metros, the Mumbai zone registered the highest revenue collection growth during the period with a growth of a whopping 138 per cent at Rs 22,884 crore from Rs 9,614 crore a year ago, sources at the income tax department here told PTI today.
Be prepared taxpayers; first installment of advance tax due tomorrow
Wed, Jun 14, 2017
Advance Tax Payment has been given as an option by IT department to make payment of taxes in installment. Four dates are been provided and if a taxpayer does not make payment by end of March 2018, he or she will have to make 100% advance tax.
SBI changes service charges on various transactions; find out what they are
Wed, May 10, 2017
The bank said that now customers will be charged Rs 25 per transaction on every cash withdrawal from ATMs. The bank will also charge on issue of ATM cards except RuPay, henceforth.
Here are key highlights of Warren Buffett's address to Berkshire Hathaway's AGM
Sun, May 07, 2017
Berkshire Hathaway co-founder and CEO Warren Buffett while addressing the company's Annual General Meeting on Saturday healthcare, trade, stock buybacks, investment in Apple and IBM, among others.
Green Car Plan: Niti Aayog recommends lowering taxes, interest rates for loans on electric vehicles
Sun, May 07, 2017
Indian government's think tank Niti Aayog has recommended lowering taxes and interest rates for loans on electric vehicles, while capping sales of conventional cars, signalling a dramatic shift in policy in one of the world`s fastest growing auto markets.