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New Year Tax Planning 10 Best Tax Saving Options in India in 2022 read here in details

New Year Tax Planning: नए साल में फिर से करें टैक्स बचाने की कसरत, ये 10 विकल्प बचाएंगे आपके पैसे

New Year Tax Planning: हम सभी खाने-पीने की चीजों से लेकर मूवी टिकट्स पर टैक्स चुकाते हैं. इससे बचने का…

Updated: January 5, 2022 10:42 am

income tax, income tax return, ITR, ITR filing, capital gain, long-term capital gain, LTCG, equity, equity-oriented mutual fund, MF, SIP, page 112A

Common mistakes to avoid in the last days of filing ITR

ITR filing after the due date would attract a penalty up to Rs 5000. Another drawback of not filing the…

Updated: December 31, 2021 4:29 pm

Fiscal deficit for FY22 may narrow on higher tax collection, says India Ratings

India Ratings and Research expects the fiscal deficit for FY22 to be at 6.6% of the GDP, 20 basis points…

Updated: December 31, 2021 1:58 pm

7 sure shot ways for every taxpayer to reduce Income Tax liability

Income Tax का बोझ कर रहा है परेशान? तो इन 7 तरीकों से घटा सकते हैं अपनी आयकर की देनदारी

अगर आप हर साल टैक्स में राहत चाहते हैं, तो अभी से अपनी रिटायरमेंट प्लानिंग को ध्यान में रखते हुए…

Updated: October 11, 2021 6:21 pm

Robust tax revenues this fiscal to improve tax-GDP ratio: Revenue secretary Tarun Bajaj

The governments’ gross tax collections (after refunds but before devolution) stood at Rs 5.31 lakh crore in Q1FY22, 97% higher…

Updated: August 12, 2021 12:48 am

As was expected, the 2012 law drew the ire of investors as well as global taxpayer fraternity.

Retrospective Tax Law: Good riddance to a bad taxation approach

The move to defang the 2012 retrospective tax law will boost investor sentiment

Updated: August 9, 2021 1:24 am

The law, widely contested in the courts, hounded Vodafone for years over its acquisition of Hutchison’s India telecom stake.

Govt proposes to withdraw retrospective tax bill that hounded Vodafone, Cairn for years

The amendment to the Income-Tax Act, 1961, which received the President’s assent in May 2012, allowed the government to ask…

Updated: August 5, 2021 7:04 pm

GST bonanza for old gold jewellery buyers; now pay tax only on difference between purchasing, selling price

When any product is purchased, it is loaded with GST. When a business entity resells the same product after refurbishing,…

Updated: July 17, 2021 10:00 am

The Income Tax Act, 1961, was amended to the extent that goodwill will have to be removed from the block of asset as on April 1, 2020, such value to be reduced will be cost of goodwill, net of depreciation claimed till date.

Short-Term Capital Gains: New goodwill rule seen imposing tax liabilities on firms

Finance Act, 2021, had amended that ‘goodwill’ will no more be regarded as an “intangible asset” and depreciation would be…

Updated: July 8, 2021 10:58 pm

While the Sale of Goods Act, 1932(SOGA) defines 'goods' to include stocks and shares within its genre, a matching definition in Central Goods and Services Tax Act 2017 (CGSTA) excludes securities from its ambit.

Tax Talk: Do shares come under the ambit of ‘goods’?

Clarity from the tax department is needed on TDS implications on transactions in unlisted shares and securities

Updated: July 8, 2021 10:56 pm

how mutual fund return tAXED KNOW HERE IN DETAILS AND MAXIMIZE YOUR RETURN

Tax On Mutual Funds: म्यूचुअल फंड्स से हुई कमाई पर कैसे लगता है टैक्स, जानिए क्या कहते हैं आयकर के नियम?

Mutual Fund Taxation: म्यूचुअल फंड में निवेश का एक बड़ा फायदा इसका टैक्स एफिशिएंट होना भी है.

Updated: July 8, 2021 9:32 pm

Covid relief: No income tax on financial aid for treatment; exemption to ex-gratia received by kin of deceased

It also extended the due date of various compliances, including the last date of linkage of Aadhaar with PAN from…

Updated: June 25, 2021 11:32 pm

Manjula Muthukrishnan, MD —India operations, Avalara

Tax automation: Easing GST compliance and taxation with technology solutions

Leveraging Artificial Intelligence, Avalara aims to make a mark in the Indian market by addressing dynamic taxation and accounting needs…

June 17, 2021 8:32 am

Refunds declined 32% to Rs 30,731 crore as on June 15 of FY22 compared with Rs 45,143 crore in the year-ago period.

Advance tax collections rise 150% in Q1 on low base

The net direct tax collections include corporation tax (CIT) at Rs 74,356 crore and personal income tax (PIT), including security…

Updated: June 16, 2021 10:53 pm

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 am

Tax Waiver: कोविड रिलीफ के लिए सरकार का बड़ा एलान, मुफ्त बांटने के लिए इंपोर्ट किए सामानों पर नहीं लगेगा IGST

निजी इस्तेमाल के लिए इंपोर्ट किए जाने वाले ऑक्सीजन कंसंट्रेटर पर IGST रेट पहले ही 28 फीसदी से घटाकर 12…

May 3, 2021 10:17 pm

GST, goods and services tax, tax, world bank

No backdate entries, recovery cases, more return filing, others help tax officers to up GST collection

Every taxpayer in India spends a good deal of time and money in undertaking tax compliance and procedures, still the…

April 10, 2021 5:02 pm

The collection figure crossed Rs 1 lakh crore despite the fact that most states have been under strict lockdown due to the pandemic, the ministry said.

System generated returns under GST to accelerate digitization; more GST reforms may boost taxpayer confidence

Majorly, at present two returns are required to be filed by every registered taxpayer. GSTR-1 and GSTR-3B. GSTR-1 is a…

April 10, 2021 11:28 am

REITs have emerged as a potent asset monetisation tool. With three REIT listings in India, the door has opened for more potential REIT listings from FY22E onwards.

REITs in India: How REITs are listed on stock exchanges; check dividend, tax benefits for investors

Real Estate Investment Trust (REIT) — the new kid on the Indian bourses — offers an exciting investment opportunity for…

April 10, 2021 10:42 am

No Change in Income Tax Slab, Budget 2021 Income Tax Slabs and Rates Union Budget 2021 Income Tax Slabs Live Updates

Income Tax Budget 2021 Highlights: What Budget says for home buyers, EPF, ULIP, NRIs, Senior Citizens

Budget 2021 Income Tax Slabs and Rates, Income Tax Budget 2021 Announcements Updates: Ahead of the Budget presentation, income tax…

Updated: February 3, 2021 9:25 am

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Tax Photos

Budget 2021: Taxpayers eye relief in income tax, slash in TDS, increase in 80C limit, among other reforms

Union Budget 2021 India: In the midst of an economic slowdown induced by the ongoing pandemic, the Hon’ble Finance Minister…

Updated: February 1, 2021 7:23 am

Union Budget 2021 must rationalise taxation of dividends on REITs, InvITs to attract more investment

Union Budget 2021 India: Before the Finance Bill, 2020 was enacted, the Finance Minister provided certain relaxations to address the…

Updated: January 28, 2021 2:33 pm

Union Budget 2021: No major tax changes on cards; government to focus on these sectors

Union Budget 2021 India: The variations across formal versus informal, rich versus poor, manufacturing versus services, fiscal profligacy versus rectitude,…

Updated: January 28, 2021 12:40 pm

These tax, legal reforms in Budget 2021 may boost Indian economy as tax revenue seen at record low

Union Budget 2021 India: In addition to serious health implications for the humankind, the unrelenting crisis has left an indelible…

Updated: January 27, 2021 3:10 pm

Taxpayers eye Union Budget 2021; PLI scheme, labor tax reforms, others, may aid Atmanirbhar Bharat vision

Union Budget 2021 India: Stakeholders have high expectations from the upcoming Union Budget for introducing measures to foster indigenous businesses.

Updated: January 27, 2021 2:10 pm

share market Budget 2021 Expectations, Budget 2021 Expectations for share market

Capital markets eye Union Budget 2021; TCS, STT rebate, among 6 expectations from Finance Minister

Union Budget 2021 Expectations for Share markets: While the Indian economy appears to be getting back on track and capital…

Updated: January 26, 2021 12:29 pm

Smarter Addressing imperative for better property taxation

Though many ULBs (Urban Local Bodies) have invested in technologies like GIS mapping, the challenge is in making this data…

Updated: January 21, 2021 3:45 pm

Income Tax, What is faceless assessment and faceless appeal, features of taxpayers charter, transparent taxation system, honoring the honest, PM Modi

Transparent Taxation: फेसलेस असेसमेंट और फेसलेस अपील से कैसे बदलेगा टैक्स सिस्टम? करदाताओं को क्या होगी सुविधा

गुरुवार को प्रधानमंत्री नरेन्द्र मोदी ने ईमानदार करदाताओं के लिए ट्रांसपैरेंट टैक्सेशन प्रोग्राम (पारदर्शी टैक्सेशन व्यवस्था-ईमानदारों को सम्मान) की शुरुआत…

Updated: August 13, 2020 5:17 pm

NPS, tax benefits, savings, section, APY, contribution, pension, withdrawals,

4 ways how current taxation system may ease compliance and boost ease of doing business for MSMEs

Ease of Doing Business for MSMEs: Considering the fact that we majorly depend on MSMEs for employment, exports, and GDP…

Updated: July 27, 2020 12:36 pm

बकाया सैलरी नहीं मिली है तब भी देना होगा टैक्स, एक्सपर्ट से समझें

वर्तमान संकट से कर्मचारियों के टैक्स आउटगो पर क्या असर होगा और उन्हें वर्तमान स्थिति में कैसे काम करना चाहिए.

Updated: May 19, 2020 7:20 pm

reduced tds rates, reduced tcs rates, rates of TDS TCS reduced by 25%, 20 lakh crore, special economic package, reduced TDS and TCS rates valid until 31st March 2021,

राहत! 31 मार्च 2021 तक इन विशेष भुगतान के लिए 25% कम देना होगा TDS, TCS; कल से ही फैसला लागू

नॉन सैलरीड स्पेसिफाइड पेमेंट के लिए 31 मार्च 2021 तक टीडीएस रेट में 25 फीसदी की कटौती की गई है.

Updated: May 13, 2020 7:56 pm

1 अप्रैल: नया वित्त वर्ष 2020-21 शुरू, लागू हो गए टैक्स से जुड़े ये बदलाव

सरकार द्वारा हाल ही में टैक्स व टैक्स सेविंग को लेकर की गई कुछ घोषणाओं का असर या यूं कहें…

Updated: April 1, 2020 5:48 pm

gst collecton, gst in february, indirect tax collection, goods and services tax

GST collection falls even as govt raises monthly target; doubts over ambitious March goal

GST collections in February stood at Rs 1.05 lakh crore, which is Rs 10,000 crore shorter than the revised target.

Updated: March 2, 2020 11:58 am

income tax saving: tax benefits of section 80DDB of income tax act, you can claim tax deduction on the treatment of certain diseases

Tax Saving: इलाज के खर्च पर भी मिलता है टैक्स डिडक्शन, सेक्‍शन 80DDB करता है मदद; शर्तें लागू

आयकर कानून का सेक्‍शन 80DDB चुनिंदा बीमारियों के इलाज पर टैक्स डिडक्शन का फायदा उपलब्ध कराता है.

Updated: March 2, 2020 12:48 pm

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Revenue Secretary Ajay Bhushan Pandey explains why tax revenue target for FY21 is not unrealistic

The FY21 budget had estimated nominal GDP growth at 10 per cent while the estimate for gross tax revenue was…

March 1, 2020 1:46 pm

Sabka Vishwas amnesty scheme, large taxpayers has yet to make declaration, 1.71 lakh crore ammount of tax under litigation, सबका विश्वास, कर माफी एवं विवाद समाधान योजना

मुकदमेबाजी में फंसा 1.7 लाख करोड़ का टैक्स, ‘सबका विश्वास’ का लाभ उठाने से अब तक दूर बड़े करदाता

कर माफी एवं विवाद समाधान योजना ‘सबका विश्वास’ के तहत पात्र करदाताओं में से 87.5 फीसदी ने ही अब तक…

January 7, 2020 12:42 pm

Govt extends last date for Sabka Vishwas scheme till Jan 15, sabka vishwas scheme, amnesty, narendra modi, tax dispute, litigation

‘सबका विश्वास योजना’ आज नहीं हुई खत्म, 15 जनवरी तक बढ़ी आखिरी तारीख

करदाताओं की रुचि को देखते हुए यह विस्तार केवल एक बार के लिए और अंतिम होगा.’’

Updated: January 1, 2020 10:44 am

GST, GST Return ,GSTR 3B, Input Tax Credit, New Input Tax Credit Rule

Latest GST Circular: Experts seek more clarity as doubts persist ahead of the deadline to file return

GST experts have sought clarification on the latest GST circular issued by the CBIC on Monday.

Updated: November 14, 2019 10:55 am

income tax returns - income not under taxable limit

India needs bold measures to end tax terrorism

The phrase ‘tax terrorism’ has become part of the tax lexicon, ever since the BJP, in its manifesto for the…

Updated: June 14, 2016 10:34 am

Opinion: PM Narendra Modi must curb political influence on the taxman

Prime Minister Narendra Modi attending the joint annual conference of the CBDT and CBEC will help only if the tax…

Updated: June 13, 2016 7:22 pm

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Tax Videos

Here’s what is India’s greenest power promise

In today’s robust and dynamic business environment, corporate entities endeavour to grow and expand by adopting various inorganic growth strategies…

Updated: June 13, 2016 7:18 am

Tax scrutiny will open ‘Pandora’s box’ in EU: Greek shipowners

Greece’s top shipping lobby today warned that EU scrutiny of their tax concessions would open a “Pandora’s box” of revelations…

Updated: June 11, 2016 2:28 pm

Switzerland, black money, tax havens, Narendra Modi, stolen data, swiss bank

Switzerland to ease tax info exchange norms on stolen data

Switzerland today said it will relax norms for providing information to foreign nations seeking banking details about their citizens on…

Updated: June 10, 2016 6:52 pm

NDMC passes resolution withdrawing hike in property tax rates

North Delhi Municipal Corporation (NDMC) today passed a resolution withdrawing the hike in property tax rates as per the Municipal…

June 9, 2016 6:04 pm

As income-tax returns filing date nears, 7 documents to be kept ready

The income-tax returns filing season is fast approaching with the initial deadline being July 31.

Updated: June 8, 2016 1:22 pm

Tax moves that come into effect from June 1

Supreme Court bench to examine validity of entry tax

A nine-judge Constitution bench of the Supreme Court will examine the validity of levy of entry tax on goods by…

Updated: May 19, 2016 2:09 am

Editorial: MAP-ping tax reform

Good start to resolving transfer-pricing row with the US

Updated: January 30, 2016 1:56 am

All communication of tax scrutiny to be via e-mail from FY17

The Income Tax department is planning to carry out nationwide all communication related to the scrutiny of returns through e-mails…

January 10, 2016 1:00 pm

Tax talk: Time to move away from must-file appeal policy

The government and its various agencies are the pre-dominant litigants in courts and tribunals.

Updated: January 8, 2016 12:03 am

Tax Talk: Tax technology is the new normal

Recent initiatives taken by the government conveys the message that it will improve the tax administration by making the system…

Updated: December 24, 2015 11:49 pm

vodafone tax case, shell tax case, tax recovery

‘Govt should not resort to coercive methods to recover taxes’

The Committee feels that ‘if Make in India initiative is to succeed, taxation has to be stable and predictable’.

Updated: December 21, 2015 7:59 pm

Are you an HNI? here are 5 ways to save your tax

In taxation parlance, pursuant to the recent Finance Act 2015 which has been legislated, 2 per cent additional surcharge has…

Updated: December 14, 2015 2:12 pm

Tax talk: Simplifying the process of scrutiny assessment

Tax authorities in India have the power of initiating scrutiny assessment under section 143 (3) of the Income Tax Act…

Updated: November 30, 2015 11:52 pm

Investing: Save tax, maximise returns

For salaried employees, investments for tax planning must have prudent asset allocation of debt and equity.

Updated: November 26, 2015 11:29 pm

Indirect tax receipts grow 35.9% during April-October

The finance ministry said that indirect tax collections so far have reached 59.2% of the R6.4-lakh-crore annual target, which is…

Updated: November 9, 2015 11:02 pm

After the petrol price cut, the fuel will cost Rs 60.48 per litre from mid-night tonight in Delhi as against Rs 60.70 a litre currently. Diesel price will be Rs 46.55. (AP)

Taxes exceed actual cost of petrol; Rs 31.20 in retail price of Rs 60.70 in Delhi is tax

Petrol price: With excise duty being hiked five times in a year, taxes and duties now exceeded the actual cost…

Updated: November 10, 2015 12:19 pm

Income Tax returns filing on job change: Resolving issues arising from multiple Form-16

Claiming tax benefit on serious ailment expenses made easy

Finance Ministry has made it easier to claim tax benefit on expenditure with regard to serious ailments like thalassaemia…

October 14, 2015 6:46 pm

Coming soon, a sunset clause on tax exemption

The income tax department is planning to introduce a sunset clause for open-ended corporate tax exemptions while simultanously pruning the…

October 10, 2015 8:19 am

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Road tax for company-owned vehicles up by 25 pct in Delhi

Delhi Government today hiked road tax by 25 per cent for vehicles owned by companies and firms in the national…

September 16, 2015 9:22 pm

Tax collection challenging task as many segments uncomfortable in paying taxes: Arun Jaitley

Finance Minister Arun Jaitley on Monday said that tax collection is a challenging task for Central Board of Excise &…

August 24, 2015 4:37 pm

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