Tue, Dec 17, 2024
How to save tax: With the right strategy and investment, anyone can save up to Rs 8 lakh in income tax. Here are 10 effective ways that will not only help you keep more of your income but also support your financial planning.
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Thu, Dec 12, 2024
Food delivery aggregator Zomato on Thursday said the GST department in Thane has imposed a tax demand of Rs 803.4 crore, including interest and penalty. The demand order has been received in respect of non-payment of GST on delivery charges with interest and penalty thereon, Zomato said in a regulatory filing.
This year-on-year surge showcases not only the capacity of the system but also the proactive engagement of taxpayers in adhering to filing deadlines.
Wed, Oct 28, 2020
Vivad Se Vishwas Scheme: The government on Tuesday extended the deadline for making payment under the direct tax dispute settlement scheme ‘Vivad Se Vishwas’. This is the third time the date has been extended. The new deadline is now March 31, 2021
Tue, Oct 27, 2020
It's yet another big crackdown against black money by PM Narendra Modi-led government at the Centre.
Mon, Oct 26, 2020
Income Tax Return AY 2020-21: Giving a big relief to taxpayers, the Income-Tax (I-T) Department extended the last date for filing of individual Income Tax returns (ITRs) for FY 2019-20 or Assessment Year (AY) 2020-21 by another month till December 31.
Sat, Oct 24, 2020
For those taxpayers whose accounts need to be audited, the Income-Tax Return filing deadline has been extended by two months till January 31, 2021.
Sat, Oct 17, 2020
A petition has been filed in Delhi HC seeking a direction to government to grant an opportunity of hearing to all taxpayers/assessees under the Faceless Appeals Scheme 2020.
Thu, Oct 15, 2020
The income tax department on Wednesday said it has issued refunds of over Rs 1.23 lakh crore.
Wed, Oct 14, 2020
The critical issue for adjudication was whether (Dividend Distribution Tax) DDT was tax on the company or a tax on the shareholder.
Tue, Oct 13, 2020
CBDT has warned IRS officers not to use political or other outside influence for transfer postings.
Wed, Oct 07, 2020
Income Tax Return filing: Are you one of those opting for the new income tax regime? Then, there is a new form that you need to fill. The Central Board of Direct Taxes (CBDT) notified a new form to be filled by those opting for the new tax regime for financial year 2020-21.
Thu, Oct 01, 2020
In a major development, Ministry of Finance has issued a clarification on doubts arising on account of new Tax Collection at Source (TCS) provisions.
The Income Tax department on Wednesday said it has issued refunds worth over Rs 1.18 lakh crore to over 33 lakh taxpayers in 6 months till September 29
Wed, Sep 30, 2020
ITR Last Date: CBDT has once again extended the deadline for Income Tax Return (ITR) filing for the Assessment year or AY 2019-20. The new deadline for the ITR filing for AY 2019-20 is 30th November 2020.
Mon, Sep 28, 2020
In a major announcement, the Finance Ministry has said there is no requirement of scrip-wise reporting in the Income Tax returns form for day trading or short-term sale/purchase of listed shares.
Fri, Sep 25, 2020
The Income Tax Department today launched Faceless Income Tax Appeals under which all income tax appeals will be decided in a faceless manner, according to a government release. The Central Board of Direct Taxes (CBDT) which launched this service has made provisions of faceless settlements under this faceless ecosystem
Wed, Sep 23, 2020
To deal with the irregularities in income tax payment, the tax department has started taking stern actions against the offenders. The Income Tax Department has started sending notices on non-payment of taxes or irregularities. The notices are being sent for big and small amounts Zee Business’ Brajesh K. Mishra has the full report
Sun, Sep 20, 2020
During the same period of the last financial year, 2018-19, the net direct tax collection stood at over Rs 2.79 lakh crore.
Thu, Sep 17, 2020
Income tax return filing: It is the duty of every salary earner to file income tax returns. And, if you are an income tax payer, you need to complete a highly important task before September 30 to avoid penalty.
Sun, Sep 13, 2020
Chartered Accountants of India (ICAI) has written to the GST Council seeking deferment of 2018-19 GST annual return filing deadline
Sun, Sep 06, 2020
The Central Board of Excise and Customs (CBIC) has decided to roll out the faceless assessment at an all India level in all ports of import and for all imported goods by October 31.
Fri, Sep 04, 2020
If you have been making payments through UPI, your transactions are set to get cheaper. Private banks have decided to waive off charges on Unified Payments Interface (UPI)-based transactions after the Central Board of Direct Taxes (CBDT) asked banks to refund the fee collected from customers and merchants for UPI transactions from January onwards.
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