I-T dept proposes online filing of tax exemption application Educational institutions, hospitals, charitable and religious trusts will soon have to file the online application for seeking income tax exemption,… By PTIOctober 29, 2018 23:11 IST
Robust growth: E-filing of income tax returns rises 65% in Apr-Sept Also, average tax paid by an individual filer came in at close to Rs 35,000 in H1, up from a… By Sumit JhaUpdated: October 27, 2018 09:25 IST
Taxpayers beware! You can now be prosecuted if you fail to file your income tax return on time The Delhi High Court has recently approved initiating prosecution proceedings against an individual taxpayer for not filing ITR and failing… By Sanjeev SinhaUpdated: October 30, 2018 13:01 IST
Rental income taxed in hands of legal heir on death of owner For transfer of lease in case of death, the rental income will be taxed in the hands of the legal… By Amit MaheshwariOctober 23, 2018 02:45 IST
Tax evaders beware! Revenue authorities identifying potential cases of tax non-compliance Income Tax Department is analysing the deposits made during the demonetisation period. Accordingly, suspicious transactions are being brought under scrutiny… By Sanjeev SinhaUpdated: October 20, 2018 14:17 IST
Good news! IT officer can’t take away your tax refund and adjust against outstanding demand without notice The Bombay High Court has in a recent case set aside the adjustment of tax refund against the tax demand,… By Sanjeev SinhaUpdated: October 18, 2018 16:38 IST
Selling jointly owned flat? Both have to pay tax Income from joint ownership property is taxed in the hands of both the owners in the ratio of their share… By FE BureauOctober 16, 2018 00:22 IST
Tax talk: Buying property worth more than Rs 50 lakh? Deduct TDS From June 1, 2013, purchasers of immovable property (other than rural agricultural land) are required to deduct tax at source… By FE BureauOctober 15, 2018 01:04 IST
Good news for taxpayers: Government to ‘facilitate’ honesty and consistency, to roll out benefits The government is working on an ambitious policy proposal to “facilitate” honest and consistent taxpayers in availing a variety of… By PTIOctober 14, 2018 15:01 IST
ITR filings set to double under NDA: Finance Minister Arun Jaitley In the field of indirect taxation, implementation of the goods and services tax (GST) also brought in a huge number… By FE BureauOctober 12, 2018 03:39 IST
Arun Jaitley says number of direct taxpayers may double to 7.6 crore during 5 years of Modi government Finance Minister Arun Jaitley said Thursday the number of direct taxpayers is expected to double to 7.6 crore during the… By PTIOctober 11, 2018 20:32 IST
What is the difference between salary on Form 16 and 26AS Short-term capital loss is allowed to be set off against both long-term and short-term capital gains. By Amit MaheshwariOctober 10, 2018 01:01 IST
Know how you can save tax on capital gains Independent capital gains rules are applicable for each asset class. However, there are numerous sections under which if you reinvest… By Adhil ShettyOctober 9, 2018 01:18 IST
CBDT extends deadline for filing ITR, audit report till October 31 The government today extended by a fortnight till October 31 the deadline for filing Income Tax return (ITR) and audit… By PTIOctober 8, 2018 19:48 IST
Late tax refunds: Don’t feel helpless, you can go to the tax ombudsman; Here’s what to do Taxpayers need to make known their acceptance of the ombudsman’s decision within 15 days of receiving the letter stating the… By FE BureauUpdated: October 8, 2018 12:09 IST
PPF to NPS to NSC to PF to ELSS to insurance plans: Do you know tax impact of each? Tax deductions under section 80C and other similar sections help people inculcate saving habits as the tax saved on such… By Amitava ChakrabartyUpdated: October 3, 2018 13:33 IST
Waiting for income tax refund? Here is how to check the status of your ITR The tax department will start the refund process only after the ITR is verified and the refund amount will be… By Amitava ChakrabartyUpdated: October 3, 2018 15:15 IST
Earned foreign income this year? Here’s how you can avoid Double Taxation Double taxation means taxation of the same income of a person in more than one country. This results due to… By GuestSeptember 26, 2018 12:07 IST
iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max launch tomorrow: When, where, how to watch Apple ‘Awe Dropping’ event live
‘I realised this a bit late’, Man regrets leaving job with insane perks, says ‘looking back, I now see it was…’
10 Photos World Food India 2023: PM Modi inaugurates mega food event – See photos 2 years agoNovember 3, 2023
2 Photos Delhi chokes as AQI remains ‘very poor’! Air quality turns hazardous – See Photos 2 years agoNovember 3, 2023
9 Photos Agartala Akhaura rail link project: PM Modi, Bangladesh PM Sheikh Hasina inaugurate cross-border rail link- See Photos 2 years agoNovember 2, 2023
