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tax payers

Tax Payers on Social Media: 'My Taxes for National Progress, Not for Freebies' Campaign

Tax Payers on Social Media: 'My Taxes for National Progress, Not for Freebies' Campaign

Fri, Jun 14, 2024

Tax payers are running "My tax for the progress of the country, not for free" campaign on social media. watch this video

Money Guru: NPS, PPF, ELSS - Where will the tax be saved come from? Learn how to save money on taxes.

Money Guru: NPS, PPF, ELSS - Where will the tax be saved come from? Learn how to save money on taxes.

Mon, Feb 27, 2023

How much tax relief did the common man get in Budget 2023? For which taxpayers is the old regime beneficial? For which taxpayers is the new tax regime beneficial? After the changes in tax system, now how should you do financial planning? New or old tax regime, which one you should opt?

Money Guru Budget 2023 Special: Old Vs New Tax Regime - Which One You Should Opt? Experts Decode

Money Guru Budget 2023 Special: Old Vs New Tax Regime - Which One You Should Opt? Experts Decode

Thu, Feb 02, 2023

How much benefit did the common man get from the new tax regime in Budget 2023? How much tax relief did the common man get in Budget 2023? For which taxpayers is the old regime beneficial? For which taxpayers is the new tax regime beneficial? After the changes in tax system, now how should you do financial planning? New or old tax regime, which one you should opt? To know, watch this special show of Money Guru 'Budget 2023' with Swati Raina.

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Be prepared taxpayers; first installment of advance tax due tomorrow

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

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

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.

Over 5.27 lakh taxpayers respond to IT department's 'Operation Clean Money '

Over 5.27 lakh taxpayers respond to IT department's 'Operation Clean Money '

Tue, Feb 14, 2017

"The explanation of cash deposit submitted by the taxpayer is being analysed in the context of nature of business and business profile in the earlier returns of the taxpayer," said the Ministry of Finance.

Centre wants Air India to survive, says Raju

Centre wants Air India to survive, says Raju

Tue, Feb 14, 2017

"If it is left like what it is, it is bound to die.... we want Air India to survive, we don't mind where it is, who runs it. As long as it serves the Indian people and Indian skies, we are happy," Raju said.

Tax dept scans 1-crore accounts under 'Operation Clean Money'

Tax dept scans 1-crore accounts under 'Operation Clean Money'

Sun, Feb 05, 2017

"We have initially matched 1-crore accounts with the profile in our database and identified 18 lakh people with suspicious deposits of over Rs 5 lakh. We will expand the scope of data analytics further and match the profiles with our data base," the source told PTI.

Govt rules out tax incentive beyond Rs 2 lakh for second home

Govt rules out tax incentive beyond Rs 2 lakh for second home

Sat, Feb 04, 2017

"Government resources are very very limited. The question is should the government be subsidising first-time home owners who are occupying own house or should the government be subsidising the second acquisition of the property by people who have got surplus money to invest in real estate," Adhia said while addressing industry representatives here.

Tax Dept asks taxpayers to e-verify deposits post note ban

Tax Dept asks taxpayers to e-verify deposits post note ban

Thu, Feb 02, 2017

As the Income Tax Department uses Big Data to catch evaders, it is asking taxpayers to verify online the deposits they made in their accounts post demonetisation and respond to queries of any mismatch.

Tax dept leans on 'Big Data' to mark out multiple PAN holders

Tax dept leans on 'Big Data' to mark out multiple PAN holders

Sun, Jan 29, 2017

To plug tax loopholes, the I-T department will use Big Data analytics to track down evaders by collecting information such as common address, mobile number and e-mail to establish relationship between their multiple PANs.

This Budget needs social re-engineering

This Budget needs social re-engineering

Wed, Jan 25, 2017

Kotak Bank, in a research report said, “Many tax payers see the payment of taxes as a burden as they believe that the government has failed to deliver the desired level of social benefits to them in exchange for payment of taxes.”

Digitisation to ensure people pay taxes, says Paytm chief

Digitisation to ensure people pay taxes, says Paytm chief

Fri, Jan 20, 2017

The demonetisation came into play and people had to come in and deposit the money or else it would go waste, he said.

Taxpayers want basic income tax slab to be raised to Rs 5 lakh: Survey

Taxpayers want basic income tax slab to be raised to Rs 5 lakh: Survey

Mon, Jan 16, 2017

A large majority of tax payers also said that the deductions on the investment limit, medical reimbursement and travel reimbursement should be increased.

CBEC initiates process of migration of existing central excise & service tax assesses to GST

CBEC initiates process of migration of existing central excise & service tax assesses to GST

Mon, Jan 09, 2017

With a goal to meet the government's aim of meeting April 1 deadline for implementing GST across India, the CBEC has initiated the process of migration of its existing central excise and service tax assesses to the new tax regime with effect from Monday.

Tax Dispute Resolution Scheme: Government extends deadline to January 31, 2017

Tax Dispute Resolution Scheme: Government extends deadline to January 31, 2017

Fri, Dec 30, 2016

The DRS which came into force on June 01, 2016, aimed on settling pending disputes with the Commissioner of Income Tax (Appeals). It covers two kinds of litigation.

TCS, Deloitte, EY make it to shortlist for GST interface

TCS, Deloitte, EY make it to shortlist for GST interface

Fri, Dec 09, 2016

The GSP is mandated to provide innovative and convenient ways to taxpayers and other stakeholders in interacting with the GST Systems from registration of entity to uploading of invoice details to filing of returns.

GST: No consensus on jurisdiction over assessees

GST: No consensus on jurisdiction over assessees

Sun, Nov 20, 2016

The government aims to roll out GST, which will subsume excise, service tax and local levies, from April next year.

Tax Regime: CBDT signs 20 unilateral agreements with Indian tax payers

Tax Regime: CBDT signs 20 unilateral agreements with Indian tax payers

Tue, Aug 30, 2016

The 20 APAs signed includes varipous sectors of the economy such as Information Technology, Banking & Finance, Insurance, Human Resources, Pharmaceutical, Solar Energy, Oil & Gas, Foods & Beverages, Telecommunications and NGO.

Tax resolution scheme: CBDT to write to nearly 2.60 lakh taxpayers

Tax resolution scheme: CBDT to write to nearly 2.60 lakh taxpayers

Sun, Aug 28, 2016

Keen to bring down the number of tax litigations, the I-T Department will soon write to over 2.59 lakh taxpayers asking them to avail the one-time dispute resolution scheme to settle their cases.

Officers should give 'best advice' to tax payers: CBDT

Officers should give 'best advice' to tax payers: CBDT

Tue, Aug 23, 2016

To clean up tax administration, CBDT Chairperson Rani Singh Nair today promised that the tax department will try to create a regime where people could fearlessly walk up to officers to seek best possible advice.

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