As new financial year has commenced and every professional is busy making financial plans by looking into different investment options in-order to save tax. We will guide you as how your old age financial aid NPS can give you tax benefits. Just read out few facts about NPS investment and tax benefits.
The Income Tax department has issued over 10.2 lakh refunds worth Rs 4,250 crore within a week, the Central Board of Direct Taxes (CBDT) said on Wednesday.
Besides, all pending GST and custom refunds will also be released benefiting close to 1 lakh businesses, the note stated. The total refund amount will be to the tune of Rs 18,000 crore, finance ministry said.
With the beginning of the new financial year, some changes in income tax rules have come into effect from today. Here is all you need to know.
The government on Tuesday brought in an Ordinance to give effect to various relief measures, including an extended deadline for filing income tax, customs and central excise returns, to help taxpayers tide over the coronavirus crisis.
Addressing a press conference in Delhi, Finance Minister Nirmala Sitharaman informed that last date for income tax return of financial year 18-19 has been extended to June 30.
The last date for the income tax return for the financial year 18-19 is extended to 30th June 2020. For delayed payments interest rate has been reduced from 12% to 9%: Union Finance Minister Nirmala Sitharaman
The last date for the income tax return for the financial year 18-19 is extended to 30th June 2020. For delayed payments interest rate has been reduced from 12 per cent to 9 per cent, Union Finance Minister Nirmala Sitharaman announced on Tuesday.
The Income Tax Department on Monday has issued a public message stating that it was 'mandatory' to link PAN card with Aadhaar. The IT Department also advised people not to 'miss' the deadline of March 31 for the same.
Whenever you talk of PPF or Public Provident Fund account, you think of saving income tax deductions. But here we try and explain to you how PPF investment should not just be once a year tax saving scheme.
Banks have been asked by the Principal Controller of Defence Accounts (Pensions) to deduct income tax from the pensions of disabled soldiers. As per the clarification issued by the Central Board of Direct Taxes (CBDT) in June 2019, banks have cut pensions of disabled veterans for the month of February. The controversial move has sparked protest a protest amongst the affected veterans, some of whom have been credited with meager amounts as their monthly pensions.
Income Tax raids conducted in Chhattisgarh have revealed that "unaccounted cash" sourced from liquor and mining businesses was being paid to public servants every month, the CBDT said on Monday.
The number of income tax appeals pending at various judicial fora stood at 4,78,801 at the end of the financial year 2018-19, the Lok Sabha was informed on Monday.
The Congress has launched an attack on the Union Government over Income Tax raids in Chhattisgarh for the past 4 days and termed it as "Coercive & Insecure Centrism".
Income Tax Department officials on February 28 conducted raid at residence of Saumya Chaurasia.
Income Tax e-Filing Caution: Even clicking on a link can land you in trouble these days. While we file our income taxes, there are certain traps you must not fall into. These can use your personal and financial details to harm you in every possible way. The below mentioned are certain e-mail ids, SMS source codes and URLs you can trust.
There are many sections under which one can save taxes accordingly by investing in different tax saving methods and showing income from other sources like rental property and rental income. But apart from salary, rental income or income from property is one of the most common sources of income in India which taxpayer want to add on especially the ones who are retired and have rental income as the main source of their livelihood.
The Income Tax department has launched an e-calculator to answer all your queries on the new vs old tax regime. People can calculate how much they will have to pay in eighter of the tax regimes, how much they can save and which scheme will be suitable for an individual.
The Income Tax Department has detected about Rs 470 crore TDS (tax deducted at source) default by some big Delhi-based corporate houses after surveys were conducted against them recently, officials said. The department's TDS wing in Delhi has launched a special monitoring of private companies and government organisations in order to ensure that due taxes are deducted under this direct taxes category in the last quarter of this financial year that ends on March 31.
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