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Budget 2019: Acche din for taxpayers? Here's how paying taxes, tax claims will change in FY20
Fri, Jul 05, 2019
Significantly, direct tax revenue has significantly increased over the past couple of years.
Income tax commissioner can't take action against Taxpayers
Tue, Apr 23, 2019
Now income tax commissioner cant take action against Taxpayers for promotion. How ? Watch the report
UK tax fraud funded Al-Qaeda in Pakistan, Afghanistan: Report
Sun, Mar 31, 2019
Her Majesty's Revenue and Customs (HMRC) inquiries found the gang used hijacked or altered National Insurance numbers to create false records and exploited illegal immigrant labour before laundering the cash through bogus offshore companies.
Focussing on improving compliance, identifying areas which have escaped tax net: Revenue Secy
Mon, Dec 31, 2018
"So in the areas where is there of scope taxation, and where it can be done without any adverse impact, such areas will have to be identified and accordingly we will have to work on this."
Protecting depositors, taxpayers is public interest: RBI to Government
Sun, Nov 04, 2018
"A correct portrayal of the situation would be: public interest (i.e. depositors and taxpayers) versus borrowers` interest," Vishwanathan said at XLRI Jamshedpur in a speech on October 29 that was posted on the bank`s website late on Friday.
Get help for your tax issues on equity, derivatives, commodity, currency, MF investments; here's how
Sat, Jul 14, 2018
Together these firm will address tax woes of over 9 lakh customers on its platform.
Avoid some common mistakes people do while planning tax savings
Thu, Feb 22, 2018
It is always good to keep necessary things in check in order to avoid mistakes while tax planning
Seeking income tax exemption for FY19? click here to know
Mon, Feb 19, 2018
A tax-payer who has taken benefit under Section 80TTB cannot take tax benefit under Section 80TTA, because benefits under Section 80TTB and Section 80TTA are exclusive.
Here's all you need to know while calculating your taxable income
Fri, Jan 19, 2018
Taxable income are the final amount that you derive after making all adjustments on which income tax is levied as per the respective tax slab for an individual.
Corporates anxiously await govt stand on MAT, AMT in upcoming Budget
Tue, Jan 09, 2018
Initially, the MAT was introduced for companies and was later made applicable to all other taxpayers in the form of AMT.
Country paying recap, banks can't get easy money, says Govt
Mon, Nov 13, 2017
It is the Indian taxpayer who will foot the bill for the banks` recent recapitalisation plan and the state-run lenders cannot expect to get easy money in this manner, the government said on Sunday.
Independence Day: Full speech of Prime Minister Narendra Modi
Tue, Aug 15, 2017
Prime Minister Narendra Modi today on occasion of India's 71st Independence Day addressed the nation at Red Fort, New Delhi.
Demonetisation cut cash in economy by 20%: Economic Survey-II
Sat, Aug 12, 2017
Describing the impact of demonetisation on the Indian economy, Chief Economic Adviser (CEA) Arvind Subramanian said on Friday that there has been a 20 per cent reduction in cash in the economy.
7 important things to take care before you file your tax return on last day
Sun, Jul 30, 2017
Return filing is nothing but a declaration from your side to the government and it reports your income from all the sources as specified under the income tax act as earned during the previous year.
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.
Aadhaar is must for income tax returns if you have one; Here's how you can file it online
Wed, Jun 21, 2017
Aadhaar card is a must for your Income Tax returns this year. Due date for IT returns are usually on July 31 of every year.
Black money: Switzerland ratifies auto info sharing with India
Fri, Jun 16, 2017
Adopting the dispatch on introduction of the AEOI, a global convention for automatic information exchange on tax matters, the Swiss Federal Council said the implementation is planned for 2018 and the first set of data should be exchanged in 2019.
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.
Lower tax rates possible when all pays dues: Goyal
Sat, Feb 25, 2017
"I wonder what revenue neutral rate it would be, if we will put every thing in zero or low rates. Do we have to make profit at the cost of the nation," the minister said.
Income Tax department to go easy on up to Rs 5 lakh deposits by 70-plus people
Wed, Feb 22, 2017
"There is absolutely no cause for panic. We are not going after everyone who deposited their holding of the demonetised currency in bank accounts between November 8 and December 30, 2016. Very clear thresholds have been set for tax department to take up deposits for verification. I repeat, it is for verification and not scrutiny or assessment," a senior Finance Ministry official said.