Taxes on cars in India, which are higher than in any other vehicle manufacturing country in the world, have created affordability issue for many aspiring car owners, according to Maruti Suzuki India (MSI) Chairman RC Bhargava.
The Central Association of Private Security Industry (CAPSI) has written to Prime Minister Narendra Modi, saying private security services should be exempted from paying service tax.
The Central Board of Direct Taxes(CBDT) has again extended the deadline for filing of Income Tax Return FY 2018-2019.This no doubt has given some relaxation for taxpayers to file ITR. However, at times it may happen that we make a mistake while filing our ITR at the last minute. Here are common mistakes you should avoid while filing for your Income Tax Returns.
The government on Wednesday extended the deadline for filing income tax returns for 2018-19 fiscal by two months till September 30.
Punjab petrol pump dealers closed their petrol stations to stage protest against high taxes on fuel in the state on July 29.
Appreciating its continuous efforts towards making the tax administration taxpayer-friendly, transparent and geared towards facilitating voluntary compliance, she said there has been a paradigm shift in its role in recent years, from being just a revenue collecting organisation to becoming a more citizen-centric establishment.
In a major move aimed to redefine "creamy layer" for OBCs, the government is mulling to increase the income bar from present Rupees 8 lakh to Rs 12 lakh and and drop "gross income" to bring in "net taxable income". The government had earlier proposed to include "salary" in determining "creamy layer".
CBDT on Saturday informed that from this Assessment Year (2020-20201), taxpayers will see an improved Form 26AS which would carry some additional details on taxpayers' financial transactions as specified Statement of Financial Transactions (SFTs) in various categories.
Sukanya Samriddhi Yojana (SSY) is the best tax saving option to secure your daughter's future. Parents can even save money for marriages of their two daughters with the help of this scheme. The scheme was started by PM Narendra Modi in the year 2015
Medical emergency is something which can occur anytime, anywhere and to anyone without giving a warning sign. So, experts suggest taking health insurance is the best option to secure yourself from any future emergencies. Taking health insurance also provides tax benefits as one can get tax deductions while under section 80D.
As the political crisis intensified in Rajasthan following deputy chief minister Sachin Pilot’s revolt against the Chief Minister – Ashok Gehlot, the IT department conducted raids on three business groups and individuals allegedly linked to the aides
Income tax team raids home of leaders close to Chief Minister Gehlot in Jaipur. The development came just before the meeting of Congress Legislative Party scheduled to be held at Rajasthan Chief Minister Ashok Gehlot's residence.
ITR Filing: The last date for Income Tax Return (ITR) filing for AY 2020-21 has been extended by the Income Tax Department. It will be applicable for filing of ITR for the financial year 2019-20. Here're the important things you need to know about Income Tax Return filing:
The Ministry of Home Affairs on Wednesday announced it has set up an inter-ministerial committee to probe into alleged violation of various legal provisions by Rajiv Gandhi Foundation, Rajiv Gandhi Charitable Trust and Indira Gandhi Memorial Trust.
The income tax department has amended the TDS form, making it more comprehensive and mandating deductors to state reasons for non-deduction of tax.
Understanding & keeping in mind the times that we are in, we have further extended deadlines. Now, filing of ITR for FY 2019-20 is extended to 30th Nov, 2020, the Income Tax Department said on Saturday.
The income tax department has issued refunds worth Rs 62,361 crore to over 20 lakh taxpayers between April 8 and June 30.
The GST investigation arm DGGI unearthed Rs 40 crore tax evasion by an unregistered pan masala/gutkha manufacturing unit in the national capital. The GST investigation arm DGGI unearthed Rs 40 crore tax evasion by an unregistered pan masala/gutkha manufacturing unit in the national capital.
Delhi's unauthorised colonies that were regularised last year, the government has exempted owners from income tax even if they had purchased land or house at rates below the prevailing market price.
The Central Board of Direct Taxes (CBDT) has now amended Income Tax rules to prescribe certain exemptions which can be availed by the employees.
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