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Tax

IT department issues guidance note on Vivad Se Vishwas dispute resolution scheme

IT department issues guidance note on Vivad Se Vishwas dispute resolution scheme

Wed, Oct 16, 2024

It would also include cases pending before the Dispute Resolution Panel (DRP) and revision petitions pending before the Commissioner of Income Tax.

Budget 2024: How can Budget make the new income tax regime more attractive for salaried tax payers?

Budget 2024: How can Budget make the new income tax regime more attractive for salaried tax payers?

Mon, Jul 22, 2024

Budget 2024: The government is set to table its first full budget after elections and the wish list of taxpayers is as long as ever. This is especially so as the government did not make any key changes in the interim budget as it was a Vote on Account budget.

Tata Consumer gets Rs 171.83 crore tax demand from I-T department

Tata Consumer gets Rs 171.83 crore tax demand from I-T department

Sat, Jun 29, 2024

In a stock exchange filing, the fast-moving consumer goods (FMCG) major said the “demand is not maintainable and it is in the process of preferring an appeal and rectification against the said order”.

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Survival of bidi industry at stake, urgent need for slashing tax: Stakeholders

Survival of bidi industry at stake, urgent need for slashing tax: Stakeholders

Wed, Feb 23, 2022

Representatives of the bidi industry and labour organisations have called for an immediate reduction of tax on the indigenous smoke, contending that high taxes threatened the survival of the sector.

Budget 2022: What Is Wealth Tax & Why Was It Abolished?

Budget 2022: What Is Wealth Tax & Why Was It Abolished?

Thu, Jan 20, 2022

The Wealth Tax Act, 1957 was an Act of the Parliament of India that provides for the levying of wealth tax on an individual, HUFs or company. The wealth tax was levied on the net wealth of a person on 31 March of every year. Wealth tax was abolished in the Union Budget (2016–2017) presented by Union Finance Minister Arun Jaitley on 28 February 2016. It was then replaced with an additional surcharge of 2 per cent on the super rich with a taxable income of over 1 crore annually.

What Is Gift Tax And Who Introduced It?

What Is Gift Tax And Who Introduced It?

Mon, Jan 17, 2022

Gift Tax was introduced in 1958-59 by former prime minister Jawahar Lal Nehru. Nehru, who was also the finance minister at that time, presented the gift tax provision during the union budget presentation. Watch the full video to know why exactly this tax was introduced.

Money Guru: How to save tax on salary

Money Guru: How to save tax on salary

Tue, Nov 09, 2021

In this segment of Money Guru, know how to save tax on salary and gratuity?

Under what conditions did the Senior Citizen get tax exemption in Union Budget 2021?

Under what conditions did the Senior Citizen get tax exemption in Union Budget 2021?

Mon, Feb 01, 2021

Presenting the Union Budget for FY21-22, Finance Minister Nirmala Sitharaman today proposed no filing of Income Tax Return (ITR) by senior citizens who are above 75 years of age and have an only pension and interest income.

Money Guru: How to save tax with investment?

Money Guru: How to save tax with investment?

Thu, Jan 07, 2021

In this episode of Money Guru, Swati Raina will discuss how to save tax with investment?

Income Tax: Important ITR filing message for you for assessment year (AY) 2020-21 (fiscal year 2019-20)

Income Tax: Important ITR filing message for you for assessment year (AY) 2020-21 (fiscal year 2019-20)

Sun, Dec 27, 2020

The Income Tax Department has confirmed that as many as 3.97 crore taxpayers have already filed their income tax returns for assessment year (AY) 2020-21 (fiscal year 2019-20) till December 24.

GST tax liability in cash: No confusion now! Modi government's decision on mandatory payment of at least 1% only for these entities

GST tax liability in cash: No confusion now! Modi government's decision on mandatory payment of at least 1% only for these entities

Sun, Dec 27, 2020

The new rules stoked fears that the mandatory cash payment will adversely affect small businesses and will increase their working capital requirement.

Power Bills: New tax in this state on electricity - What consumers should know

Power Bills: New tax in this state on electricity - What consumers should know

Thu, Dec 24, 2020

An official statement issued said the state government has decided to levy the tax on use of electricity.

Big rebate in taxes! Good news for these traders from Modi government

Big rebate in taxes! Good news for these traders from Modi government

Sun, Apr 19, 2020

In a good news for Garment exporters, the Ministry of Textiles has issued a notification extending the Scheme of Rebate of State and Central Taxes and Levies on Export of Garments and Made-ups (RoSCTL) which was in force up to March 31, 2020.

Coronavirus: Good news! Validity of all these tax orders extended by three months

Coronavirus: Good news! Validity of all these tax orders extended by three months

Tue, Mar 31, 2020

In the wake of hardships caused due to COVID-19 pandemic, the Finance Ministry on Tuesday extended the validity of all lower withholding tax orders by three months till June 30.

Annual direct tax collection target of Rs 13.35 lakh crore! Strategy meeting done - Here are details

Annual direct tax collection target of Rs 13.35 lakh crore! Strategy meeting done - Here are details

Sat, Jan 04, 2020

Revenue Secretary Ajay Bhushan Pandey held a high-level meeting with senior officials of CBIC and CBDT on Friday to strategise and streamline the field functions in order to achieve the direct tax and the GST target of Rs 1.10 lakh crore each in the next two months and Rs 1.25 lakh crore in the f

After France, Italy approves digital tax on tech giants

After France, Italy approves digital tax on tech giants

Wed, Dec 25, 2019

The tax is similar to the one France implemented earlier this year which has attracted severe criticism from the US.

PM Modi chairs meeting on Economy conditions, says, 'trying to put transparency in taxes'

PM Modi chairs meeting on Economy conditions, says, 'trying to put transparency in taxes'

Sat, Dec 21, 2019

PM Modi chairs meeting on Economy conditions. He says, 'trying to put transparency in taxes'. Watch this video to know more. #ZeeBusiness #IndianEconomy

Money Guru: Know what is Bond ETF and benefits?

Money Guru: Know what is Bond ETF and benefits?

Thu, Dec 12, 2019

In this segment of Money guru know- what is Bond ETF and what are the benefits of trading in it.

Positive signs! GST collection goes up - What led to whopping Rs 1 lakh crore mark | Check latest figures

Positive signs! GST collection goes up - What led to whopping Rs 1 lakh crore mark | Check latest figures

Sun, Dec 01, 2019

The positive signs of growth are here.

'One Nation One Tag’ for paying entry tax

'One Nation One Tag’ for paying entry tax

Fri, Sep 27, 2019

'One Nation One Tag' is set to be rolled out in the next couple of months. Watch to know more

FM says yes to what Anil Singhvi demanded for Indian economy

FM says yes to what Anil Singhvi demanded for Indian economy

Sun, Sep 22, 2019

Modi government gave a big booster shot to Indian economy on Friday as Union Finance Minister Nirmala Sitharaman announced a series of tax incentives to boost the industry and restart investment. What is important and noteworthy here is that FM has listened to what Zee Business has been demanding and advocating in order to revive and boost the economy.

An initiative to end up the 'Tax-Terror,' Now no notice from tax department

An initiative to end up the 'Tax-Terror,' Now no notice from tax department

Sun, Sep 15, 2019

An initiative of PM Modi to end up the 'Tax-Terror,' Now no notice from the tax department.

Income Tax Reforms: 'Acche Din' coming for individual taxpayers?

Income Tax Reforms: 'Acche Din' coming for individual taxpayers?

Tue, Aug 20, 2019

Taxpayers earning up to Rs 45-55 lakh per year may end up with a major tax relief. Watch this video to know more.

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