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I-T department proposes new norms for taxing MNCs in India
Fri, Apr 19, 2019
The income tax department on April 18 proposed change in the methodology for taxing multinational companies, including digital firms, having permanent establishment in India by giving weightage to factors like domestic sales, employee strength, assets and user base.
Samsung spent $13.6bn on taxes globally in 2017
Mon, Jun 18, 2018
The record-breaking amount posted last year nearly doubled from 7.8 trillion won posted in 2015, Yonhap news agency reported.
Income tax returns (ITR) filing: 12 power points to ensure you never get a call from taxman
Fri, Mar 02, 2018
Income tax returns (ITR) filing is one of the biggest duties of a citizen that should be followed religiously every year. Having said that, the process can be confusing and cumbersome for many.
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
Know how Budget announcements affect your finances
Thu, Feb 01, 2018
Jaitley re-introduces standard deduction for salaried class upto Rs. 40,000 in lieu of transport, medical allowance. Standard deduction to cost Rs 8000 crore to government.
Ahead of Union Budget FY19 key things to note as govt presents Economic Survey FY18
Mon, Jan 29, 2018
All eyes on the NDA government as it presents the economic survey ahead of the Union Budget 2018.
US Inc urges Jaitley to reduce tax uncertainty for MNCs
Mon, Jan 29, 2018
Ahead of Finance Minister Arun Jaitley`s last full Union Budget, the US-India Business Council (USIBC) has urged him to further reduce tax uncertainty for multinational companies and foreign investors, even as Indian industry has voiced its own areas of concern.
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.