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Tax
Money Guru: What Are The Tax Rules On Dividend Income? How Much TDS On Dividend Income?
Tue, Sep 20, 2022
Dividend distribution tax is no longer levied on dividend earnings, but TDS is deducted on it. If the dividend exceeds ₹ 5 thousand, the company will deduct 10% TDS. Senior citizens can avoid TDS deduction by submitting Form 15H. Income less than ₹ 2.5 lakh can avoid TDS deduction by submitting Form 15G. Selling mutual funds will attract 10% tax on long term. No tax on capital gains up to ₹1 lakh: Sunil Garg, Tax Expert
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Net Collection Of Tax Till September Is 20% More Than Last Year, Advance Tax Figures Also Up By 21.5%
Fri, Sep 16, 2022
Net collection of Tax till September is 20% more than last year. Advance Tax figures are also up by 21.5%. Corporate Tax collection numbers also up by 22%. Know full details from Tarun.
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Rs 5 cr prize to those who take GST bills; Kerala Government launches Lucky Bill App to check GST evasion
Tue, Aug 16, 2022
Kerala Goverenment has taken this unique step to check Goods and Services Tax (evasion) by launching an app that would reward people who take GST bills on goods and services. Here is the full detail
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Factbox-What will Liz Truss do if she becomes UK prime minister?
Wed, Aug 03, 2022
Factbox - Foreign Secretary Liz Truss is leading the race to become Britain`s next prime minister, with two opinion polls putting her well ahead of former finance minister Rishi Sunak. Here are details of the policies Truss proposed during the leadership contest.
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Tax arrears recovery: Rs 21 lakh crore! Parliament panel asks revenue dept to formulate concrete action plan
Wed, Aug 03, 2022
The report of the Standing Committee on Finance, which was tabled in Parliament, said the revenue department seems to be "caught up in the vicious cycle to tax arrears", as about Rs 18.68 lakh crore in direct tax and Rs 2.95 lakh crore in indirect tax are outstanding in the form of tax arrears.
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What is Income Tax Section 80C here know how you can save Tax under it
Wed, Jun 01, 2022
Under Section 80C, a taxpayer can lower their overall taxable income by a maximum of Rs 1.5 lakh per year. As there is a limit of Rs 1.5 lakh per year, most taxpayers wish to reduce their taxes. here know What is Income Tax Section 80C.
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Survival of bidi industry at stake, urgent need for slashing tax: Stakeholders
Wed, Feb 23, 2022
Representatives of the bidi industry and labour organisations have called for an immediate reduction of tax on the indigenous smoke, contending that high taxes threatened the survival of the sector.
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Budget 2022: What Is Wealth Tax & Why Was It Abolished?
Thu, Jan 20, 2022
The Wealth Tax Act, 1957 was an Act of the Parliament of India that provides for the levying of wealth tax on an individual, HUFs or company. The wealth tax was levied on the net wealth of a person on 31 March of every year. Wealth tax was abolished in the Union Budget (2016–2017) presented by Union Finance Minister Arun Jaitley on 28 February 2016. It was then replaced with an additional surcharge of 2 per cent on the super rich with a taxable income of over 1 crore annually.
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What Is Gift Tax And Who Introduced It?
Mon, Jan 17, 2022
Gift Tax was introduced in 1958-59 by former prime minister Jawahar Lal Nehru. Nehru, who was also the finance minister at that time, presented the gift tax provision during the union budget presentation. Watch the full video to know why exactly this tax was introduced.
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Under what conditions did the Senior Citizen get tax exemption in Union Budget 2021?
Mon, Feb 01, 2021
Presenting the Union Budget for FY21-22, Finance Minister Nirmala Sitharaman today proposed no filing of Income Tax Return (ITR) by senior citizens who are above 75 years of age and have an only pension and interest income.
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