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  Facing issues with GST portal? Govt likely to extend filing deadline for taxpayers

  January 10, 2025 16:34 IST

  The GST portal is facing significant technical glitches, causing disruptions in GSTR-1 filings for December 2024. Businesses and tax professionals have raised concerns about delays and operational challenges.

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  Good news for FD investors: Finance Minister likely to make major announcements in Budget

  January 04, 2025 23:49 IST

  The Union Budget 2025-26 may bring good news for FD investors, with potential tax exemptions on fixed deposit income and shorter lock-in periods for tax-saving FDs. FM Nirmala Sitharaman is expected to introduce measures to boost FD investments and address banking sector liquidity challenges.

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  ITR filing: Deadline of 'Vivad Se Vishwas' extended, revised and belated filing now till January 15

  December 31, 2024 12:48 IST

  The Income Tax Department has extended the deadline for filing revised and belated ITR for AY 2024-25 to January 15, 2025. This move, announced by CBDT, aims to help taxpayers address AIS and ITR mismatches and ensure accurate filings. Here’s everything you need to know.

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  PAN 2.0 explained: Govt clarifies validity of existing cards and costs for upgrades

  December 26, 2024 13:22 IST

  The Government of India launched the PAN 2.0 project with dynamic QR codes and enhanced services. Existing PAN cards remain valid—Know more about the features and FAQs here.

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  KVP scheme: Double your money in 115 months with zero risk | Post office investment plan

  December 24, 2024 12:56 IST

  Explore the Kisan Vikas Patra (KVP) scheme from India Post that guarantees doubling your investment in 115 months with zero risk. Know how it works, the interest rate, tax implications, and more.

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  GST Council postpones decision on reducing tax for life, health insurance premiums

  Business | December 21, 2024 14:41 IST

  The GST Council has postponed its decision on reducing tax rates for life and health insurance premiums. With further deliberations planned for January, key proposals include exemptions on term life insurance and premiums for senior citizens.

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  Cryptocurrency tax in India: Know how much you will have to pay on Crypto investments

  December 11, 2024 13:50 IST

  Planning to invest in cryptocurrencies in India? Understand the 30 per cent tax on gains, 1 per cent TDS, and the legality of cryptocurrencies under India’s taxation laws.

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  How to check your TDS refund status: A simple guide

  Brand Content | December 09, 2024 19:51 IST

  If you have paid excess tax deducted at source or noticed that you’re owed a refund from the Income Tax Department, you might be wondering how to check the status of your TDS refund. This step-by-step guide will walk you through the process, making it simple and easy to follow.

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  Missed reporting foreign assets in ITR? File revised return to avoid Rs 10 lakh penalty | DETAILS

  November 19, 2024 16:01 IST

  Missed declaring foreign assets or income in your ITR for AY 2024-25? File a revised return by December 31, 2024, to avoid a penalty of up to Rs 10 lakh under the Black Money Act.

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  Truecaller reacts to Income-Tax Department's survey at offices in Mumbai, Gurugram | READ statement

  India | November 07, 2024 21:45 IST

  The Income Tax Department surveyed the Truecaller's offices in Mumbai and Gurugram for allegedly violating transfer pricing regulations, also called as tax evasion.

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  Himachal CM Sukhu calls 'toilet tax' claims baseless, accuses BJP of political manipulation | VIDEO

  India | October 04, 2024 21:41 IST

  Toilet tax Himachal controversy: CM Sukhu said that before the 2022 Assembly elections, the previous BJP govt had introduced free schemes worth Rs 5,000 cr, including provisions for free water, in an attempt to win electoral success. Despite these efforts, the people voted in favour of Congress.

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  TDS deposit rules for employers relaxed from Oct 1: Could employee TDS credit be at risk?

  October 01, 2024 13:52 IST

  From October 1, 2024, new TDS rules provide employers with extended time to deposit TDS, raising concerns about employee TDS credits. However, experts clarified that the new rule won't affect employee tax credits.

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  Fake registration drive: Tax authorities uncover over 10,000 bogus firms under GST across country

  Business | September 24, 2024 14:28 IST

  An amount of Rs 24,010 crore of suspected tax evasion was detected during the first special drive last year. The second all-India drive against fake registration began on August 16 and will continue till October 15.

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  Windfall tax on crude petroleum slashed to zero by govt, effective from September 18

  Business | September 17, 2024 23:45 IST

  The Indian government has reduced the windfall tax on domestically produced crude oil to zero, effective September 18. Previously set at Rs 1,850 per metric ton, the cut comes amid a drop in global oil prices and could lead to lower petrol and diesel costs.

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  Cars, bikes get more expensive in Punjab | Check revised tax slabs

  India | August 22, 2024 21:54 IST

  The new rates of motor vehicle taxes will be levied on the actual price of the vehicle.

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  SC allows states to levy taxes on minerals, land holding minerals from 2005 | Details

  India | August 14, 2024 12:02 IST

  Supreme Court's ruling is a landmark decision as the verdict overruled a 1989 judgement, which held that only the Centre has the power to impose a royalty on minerals and mineral-bearing land. Now, states can also levy taxes on mineral rights and mineral-bearing land.

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  Net direct tax collection grows 22 per cent to Rs 6.93 lakh crore for current fiscal: Govt data

  Business | August 12, 2024 21:33 IST

  The rise in direct tax collections is seen as a positive indicator for the government's fiscal health and its ability to fund various developmental and welfare programmes.

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  Finance Bill 2024: Sitharaman proposes amendments to LTCG tax provision on immovable properties

  Business | August 07, 2024 18:41 IST

  Centre has brought an amendment to the Finance Bill 2024, to allow taxpayers to select either a 12.5 per cent long-term capital gains tax rate without indexation or a 20 per cent rate with indexation for property acquired before July 23 this year.

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  INDIA bloc holds protest against GST on health, life insurance premiums, calls it 'tax terrorism'

  India | August 06, 2024 12:03 IST

  Surprisingly, Union Minister Nitin Gadkari also wrote to Finance Minister Nirmala Sitharaman urging her to consider withdrawing the GST which, he said, amounted to taxing uncertainties of life and restricting the industry's growth.

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  Budget 2024: Centre abolishes 'Angel tax' | What it means and how it impacts startups?

  Budget | July 23, 2024 13:25 IST

  While presenting the Union Budget 2024 on Tuesday, Finance Minister Nirmala Sitharaman announced that the "Angel Tax" would be abolished. This decision is expected to significantly benefit Indian startups and foster a better environment for their growth.