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Income tax

Income Tax Savings: How you can save up to Rs 8 lakh tax through these 10 methods

Income Tax Savings: How you can save up to Rs 8 lakh tax through these 10 methods

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.

Zomato gets Rs 803.4 crore tax demand from GST authorities

Zomato gets Rs 803.4 crore tax demand from GST authorities

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.

Income tax refunds jump 46.3% to Rs 3.04 lakh crore in April-November

Income tax refunds jump 46.3% to Rs 3.04 lakh crore in April-November

Thu, Dec 12, 2024

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.

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How DGARM, 360-degree profiling will make tax evasion nearly impossible

How DGARM, 360-degree profiling will make tax evasion nearly impossible

Fri, Apr 12, 2019

Directorate General of Analytics & Risk Management ( DGARM ) is the apex body of under CBIC.

PM Modi slams Congress on Income Tax raids

PM Modi slams Congress on Income Tax raids

Tue, Apr 09, 2019

PM Modi today addresses a rally in Latur where he slammed Congress on Income Tax raid. Watch this video to know more.

New income tax returns (ITR) forms Alert!: 5 things you must check or do now

New income tax returns (ITR) forms Alert!: 5 things you must check or do now

Tue, Apr 09, 2019

The Income Tax Return (ITR) forms are notified every year by the Income Tax Department (ITD) after the end of every financial year. Continuing that procedure, the ITD has notified new ITR forms on April 1, 2019 incorporating some changes. The new form will be relevant for the FY 2019-20.

CBDT issues new Income Tax Return forms, here are the details

CBDT issues new Income Tax Return forms, here are the details

Sun, Apr 07, 2019

As per the data available with CBDT, 6.87 crore Income Tax Returns (ITRs) were filed during FY 2017-18 as compared to 5.48 crore ITRs filed during FY 2016-17, translating into a growth of 25 pre cent.

IT team from Delhi raids MP's CM Kamalnath's close aides

IT team from Delhi raids MP's CM Kamalnath's close aides

Sun, Apr 07, 2019

A team of Income tax department from Delhi raids MP's CM Kamalnath's aides early this morning. Watch complete video to know more.

Income Tax Department to use law to directly collect dues from bank accounts

Income Tax Department to use law to directly collect dues from bank accounts

Fri, Apr 05, 2019

Revenue officials are chasing huge tax collection deficit. To maximise collections by year end Income Tax Department will resort to deducting money directly from your bank account to fill a gap of thousands of crores.

CBDT notifies income tax return forms for FY18-19

CBDT notifies income tax return forms for FY18-19

Fri, Apr 05, 2019

New income tax return forms for AY 2019-20 have been notified. The return forms ask for more information from the tax payers as compared to previous year. Watch this video to know more.

Best Investment Schemes to Save Income Tax: From Mutual Funds to NPS, these are top options

Best Investment Schemes to Save Income Tax: From Mutual Funds to NPS, these are top options

Thu, Apr 04, 2019

Rs 5 lakh tax rebate is given under section 87A, where taxable amount will be only Rs 12,500. Apart from this, standard deduction was increased to Rs 50,000 from previous Rs 40,000.

Now, High-tech preparations to catch tax evasion

Now, High-tech preparations to catch tax evasion

Wed, Apr 03, 2019

IT Department caught the tax evasion of Rs.15 Crores through the help of satellite pictures from Ghaziabad.

How to check if your PAN card is linked with Aadhaar card? Follow these steps

How to check if your PAN card is linked with Aadhaar card? Follow these steps

Tue, Apr 02, 2019

Recently, the Supreme Court upheld the validity of Section 139AA of the Income-Tax Act which makes it mandatory to link PAN card with Aadhaar card for filing I-T returns.

All you must know about new changes in different sectors from April

All you must know about new changes in different sectors from April

Mon, Apr 01, 2019

In this segment, we will tell you about new changes in different sectors from April. Watch complete video to know in detail.

Income Tax changes: 5 new rules that come into effect today

Income Tax changes: 5 new rules that come into effect today

Mon, Apr 01, 2019

Income Tax changes: As the new financial year begins, many changes to taxation laws come into effect from today (April 1). These changes were announced by Union Minister Piyush Goyal while presenting the Interim Budget.

Income Tax verification begins, 11 lakh e-tax notices on way

Income Tax verification begins, 11 lakh e-tax notices on way

Mon, Apr 01, 2019

The first set of notices are being sent by newly incepted CenVC at the I-T Department to non-filers who have made a financial transaction but haven’t filed its ITR.

Provident Fund, Mutual Fund to GST: 10 changes that are set to affect your life from today

Provident Fund, Mutual Fund to GST: 10 changes that are set to affect your life from today

Mon, Apr 01, 2019

Financial Year 2019-20: April 1 marks the beginning of a new financial year. The new fiscal brings with it a number of changes in financial life. Some of these have a direct impact on your life, others affect indirectly.

Relax! You may have already finished PAN Card-Aadhaar Card linking; Here's why

Relax! You may have already finished PAN Card-Aadhaar Card linking; Here's why

Sun, Mar 31, 2019

PAN-Aadhaar linking: Today is the last day of Aadhaar-PAN linking. However, you don't need to worry. You may have already completed this if you did any of the three activities.

Explained: Income Tax slabs, benefits for Senior Citizen, Super Senior Citizens

Explained: Income Tax slabs, benefits for Senior Citizen, Super Senior Citizens

Sat, Mar 30, 2019

Income Tax: A senior citizen is an individual who is 60 years old but below 80 years while a Super Senior Citizen is those aged above 80.

PAN Card-Aadhaar Card Linking: Deadline is March 31; Here's how to link PAN-Aadhaar online, offline and via SMS

PAN Card-Aadhaar Card Linking: Deadline is March 31; Here's how to link PAN-Aadhaar online, offline and via SMS

Fri, Mar 29, 2019

PAN Card-Aadhaar Card linking: The deadline for PAN-Aadhaar linking is March 31. The Income tax department says on its official website that it is mandatory to link PAN with Aadhaar and it must be completed till March 31, 20219.

Want to save addl income tax? This new app will save you whopping Rs 46,800

Want to save addl income tax? This new app will save you whopping Rs 46,800

Thu, Mar 28, 2019

What if you could save an additional Rs 46,800 in taxes? Well, the latest solution by one of India's fastest growing payments platforms, PhonePe offers exactly that.

Is life insurance a good tax saving option for you? Find out now and benefit

Is life insurance a good tax saving option for you? Find out now and benefit

Thu, Mar 28, 2019

While investment schemes are a good way to to grow your money, there are some great options that also allow you to save tax. Among the top options are public provident fund (PPF), mutual funds, fixed deposits, etc.

Income Tax: 4 changes that would be introduced from April 1

Income Tax: 4 changes that would be introduced from April 1

Tue, Mar 26, 2019

Income Tax: There is only one week left for income tax return (ITR) linked investments! This is the last chance for the salaried employees to save taxes under Section 80C, Section 80D etc, and bring their income below the exemption limit.

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