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.
Sun, Jul 19, 2020
In a bid to prevent suppression of information by taxpayers, the income tax department will provide full details of their financial transactions.
Sat, Jul 18, 2020
In a great boost to the fight against black money, the Income-Tax Department (I-T Dept) has become even more empowered now, making it ultra-difficult for tax evaders to hoard money in foreign banks.
The Income Tax Department will start an e-campaign on voluntary compliance of income tax for the convenience of taxpayers from Monday.
The Income Tax Department on Saturday said the new Form 26AS would have additional details of taxpayers' high-value financial transactions undertaken during a financial year.
Fri, Jul 17, 2020
Bank deposits, especially recurring deposits (RD) and fixed deposits (FD) are some of the most popular investment tools among the earning individuals.
Wed, Jul 15, 2020
The Central Board of Direct Taxes (CBDT) has come up with a new circular, stating that taxpayers will now be able to complete the ITR process, if they hadn’t done so in the last five years.
Tue, Jul 14, 2020
The instant PAN applicant is required to access the e-filing website of the Income Tax Department (www.incometaxindiaefiling.gov.in)to provide her/his valid Aadhaar number
Income Tax Calculator: The Income Tax Return (ITR) filing for the Financial Year 2019-20 has been extended up to 30th November 2020 due to the Coronavirus spread.
Mon, Jul 13, 2020
It's a good piece of news for Income Tax return filers as they have now got time till 30 September to rectify incomplete tax returns of last five years.
In a major development, the Central Board of Direct Taxes, Government of India has provided a utility to ascertain TDS Applicability Rates on Cash Withdrawals.
Thu, Jul 09, 2020
Gold Bond Scheme: Gold price on the MCX is currently trading at Rs 49,256 per 10 gm levels while if we add near Rs 2,000 premium into it, then the retail gold price in the Indian Sarafa Bazaar will be around Rs 51,000 per 10 gm.
There is good news for government employees as they can now save more tax. Earlier this week, the government had issued a notification, announcing more income tax benefits on NPS Tier II account. The central government through a gazette notification dated July 7, 2020, has introduced the National Pension Scheme Tier II- Tax Saver Scheme, 2020.
Wed, Jul 08, 2020
PPF Calculator: The Public Provident Fund (PPF) is generally considered as the most preferred retirement-oriented investment scheme in India.
Mon, Jul 06, 2020
The Central Board of Direct Taxes (CBDT), though a notification, has amended the IT rules and included TDS on e-commerce operators, dividend distributed by mutual funds and business trusts, cash withdrawals among others.
Sat, Jul 04, 2020
Gratuity Tax Calculator: An employee working in an organisation for five years or more is eligible for gratuity income and where there is income, there is tax liability too.
In a bid to provide relief to income tax payers who had to file their TDS and TCS statement by 30th June 2020, the Income-Tax Department has extended the deadline to 31st July 2020 for FY2019-20.
Fri, Jul 03, 2020
LIC SIIP Plan: The LIC of India has various offers for an earning individual. Its offer ranges from purely insurance plans to investment-oriented ULIP plans as well.
Wed, Jul 01, 2020
If you have received a gratuity income from your company and want to know the tax liability on it, here is how you can do it easily. Your gratuity money is an income and is therefore taxable
Tue, Jun 30, 2020
Income Tax Slab: In Budget 2020, FM Sitharaman gave income taxpayers an option to either choose the old income tax slab and get benefits of Section 80C tax exemption or opt for a new income tax slab without these benefits.
Mon, Jun 29, 2020
Now you will get conveyance allowance from your office. CBDT announces new rules for tax exemptions
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