Page 72 of Income tax News: Income tax Latest News, Income tax Today news, Income tax Breaking News

Attention taxpayers! New ITR e-filing website at incometax.gov.in to be launched in June. Check benefits

New e-filing Income Tax website launch in June 2021: The Income Tax Department may launch a new e-filing web portal…

May 20, 2021 15:22 IST

New Income Tax Return, TDS payment and belated ITR due dates amid Covid-19 second wave – All details here

Extended Income Tax Timelines due to Covid-19 second wave: The Income Tax department recently extended certain timelines to ease the…

May 17, 2021 10:17 IST

The government should consider doubling the limits under Section 80D.

How India is leading by example with its faceless E-assessment system for income tax

The most important aspect of new procedure is coverage of ‘Best judgement assessment’ in faceless Assessment Scheme.

May 8, 2021 11:44 IST

CBDT issues refunds of over Rs 24,792 crore to more than 15 lakh taxpayers between 1st April 2021 to 17th May 2021," the Income-tax department tweeted.

Your Queries – Income Tax: Gains from share trading taxed under business profit, file ITR 3/4

Separate disclosure of each source of income shall have to be made in the ITR Form, whether or not you…

May 5, 2021 02:45 IST

Govt extends timelines for tax compliance, ITR for FY20 can be filed till May 31

Nangia & Co LLP Partner Shailesh Kumar said the government has given relaxation to income taxpayers for various compliances till…

May 1, 2021 15:09 IST

India’s tax revenue below potential by about 4% of GDP: 15th Finance Commission Chairman NK Singh

Speaking at the CSEP-IMF event on “Securing Sustainable Finances and Medium-term Fiscal Frameworks: International Experience and Relevance for India”, Singh…

April 23, 2021 21:21 IST

Key Budget proposals effective from new fiscal 2021-22: Income tax rules, dividend relief, privatisation, more

The new financial year has started From April 1, 2021, and with it, rules and announcements made by Finance Minister…

April 2, 2021 13:16 IST

No Income Tax on salary income of Non-Residents Indians in Gulf countries! Sitharaman says it is exempt

Finance Minister Nirmala Sitharaman on Thursday said salary income earned by non-resident Indians in Gulf countries would continue to be…

April 1, 2021 19:27 IST

New TDS rule 2021 for non filers explained.

TDS Calculation: Rs 1 lakh Tax Deducted At Source on Rs 20 lakh cash payment to non-filers – New rule explained

TDS Payment Rules 2021 (Section ‘206AB (I) Explained): The Finance Act 2021 recently cleared by the Parliament has introduced a…

Updated: March 30, 2021 14:03 IST

Income Tax Alert! Employees Provident Fund, LTC to ITR Filing rules – 10 big changes to know before April 1

Income Tax Changes: March 31 is an important date for income taxpayers in India as a number of changes are…

March 28, 2021 11:54 IST

Income Tax for non-residents: Stranded in India & facing double taxation? New CBDT circular explained for you

Income Tax for non-residents: Due to the coronavirus outbreak and subsequent lockdown last year (2020), many non-residents were stuck in…

Updated: March 18, 2021 01:28 IST

As per the provisions of the Income Tax Act, long term capital loss can only be set off against long term capital gain.

Your Queries – Income Tax: Assessee can claim deduction of up to Rs 50 lakh under Section 54EC

Long term capital loss can be set off only against long term capital gain

March 17, 2021 04:30 IST

IT dept detects Rs 220 crore black income after raids on TN-based tiles manufacturer

The Central Board of Direct Taxes (CBDT), that frames policy for the tax department, meanwhile, said it was fully prepared…

February 28, 2021 09:21 IST

Taxman has another trick up his sleeve under GST Act; here’s all you need to know

The objective of GST Audit is to ensure and promote the correctness of turnover declared, taxes paid, refund claimed &…

February 20, 2021 14:49 IST

IT dept raids on Bengaluru liquor company leads to over Rs 870-crore blackmoney

Income Tax dept raids on Bengaluru liquor company leads to over Rs 870-crore blackmoney

“In all, the search and seizure action has resulted in the detection of total undisclosed income of Rs 878.82 crore,”…

February 11, 2021 20:28 IST

Disputed tax cases worth Rs 97,000 crore offered for settlement under Vivad Se Vishwas scheme

So far, 1,25,144 cases have opted for the Vivad se Vishwas (VsV) Scheme, which is 24.5 per cent of the…

February 5, 2021 22:19 IST

The Railways has been given the highest allocation of Rs 1.1 lakh crore. The Railways had ensured that transportation of goods went on unhindered during the pandemic, and it is expected to chug India forward in 2021.

Budget 2021: Finance Minister offers stability in tax regime even as India hunts for growth

Union budget 2021: In the last couple of years, the Government has been rationalising the rates of corporate tax, slashing…

February 2, 2021 19:06 IST

Belated Income Tax Return time reduced; ITR filing due date AY 2021-22 extended for these taxpayers

ITR, Belated Income tax Return Filing AY 2021-22: Proposed changes to be effective from April 1, 2021 and accordingly apply…

Updated: February 3, 2021 09:39 IST

Page 72 of Income Tax

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