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  What are major changes in TDS and TCS rules from April 1? Here's what taxpayers must know

  March 06, 2025 13:09 IST

  India’s taxation system is an evolving structure aimed at economic growth and equitable revenue distribution. With continuous reforms, the central government aims to simplify tax compliance, reduce the burden on taxpayers, and enhance ease of doing business.

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  ITR Refund FY 2023-24: Know four types of income tax refund status and reasons behind delay

  Business | August 30, 2024 17:09 IST

  If it's been a considerable amount of time since you filed your ITR, you can check the status on the Income Tax Department's e-filing portal or contact their support for more information.

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  GST collections surge by 10.3 per cent in July, cross Rs 1.82 lakh crore mark

  Business | August 01, 2024 19:57 IST

  In a positive economic development, the government announced that July's Gross Goods and Services Tax (GST) collections have surged by 10.3%, reaching over Rs 1.82 lakh crore. This marks a significant improvement from the same period last year.

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  ITR filing 2024: Over 7 crore income tax returns filed till 7 PM on deadline day, says IT department

  July 31, 2024 21:56 IST

  The I-T department's helpdesk has been operational 24x7, offering support through calls, live chats, WebEx sessions, and social media to assist taxpayers with ITR filing and related services.

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  Budget 2024: How the new tax regime announced by Sitharaman will impact taxpayers?

  Budget | July 23, 2024 14:59 IST

  Sitharaman unveiled new income tax slabs under the revised tax regime, which provided relief to salaried taxpayers and pensioners. The Standard Deduction limit has been increased from Rs 50,000 to Rs 75,000 for salaried taxpayers.

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  LIC to keep offices open on March 30, 31 to help taxpayers

  Business | March 29, 2024 13:40 IST

  Business news: The RBI has said that all branches of the banks dealing with Government receipts and payments will remain open for transactions on March 30 and March 31 to account for all the Government transactions relating to receipts and payments in the FY 2023-24 itself.

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  'Whatever tax money collected, Govt ploughing it back to people': PM Modi in Andhra Pradesh

  India | January 16, 2024 18:10 IST

  The Prime Minister inaugurated the new campus of National Academy of Customs, Indirect Taxes & Narcotics (NACIN) at Palasamudram in Andhra Pradesh. He also visited historic Veerabhadra Temple at Lepakshi in Sri Sathya Sai district.

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  'It will burden future taxpayers' | NITI Aayog VC warns against revival of old pension scheme

  India | November 27, 2022 14:30 IST

  Old Pension Scheme: NITI Aayog Vice Chairman Suman Bery also underlined the need for enhancing capital expenditure and creating a space for the private sector through fiscal consolidation.

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  Now, pre-filed ITR forms with capital gains, dividend, other details

  March 18, 2021 10:58 IST

  Transaction details of individual tax filers with respect of capital gains, dividend income, and interest income will soon become a standard of the pre-filled Income Tax return (ITR) form as the government looks to make tax compliance convenient for taxpayers.

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  GST taxpayers to get flexibility to decide on monthly tax payment

  Business | December 13, 2020 16:11 IST

  Come January 1 and GST taxpayers would be able to pay their tax dues on a self assessment basis without having to go through the cumbersome process of filing tax returns on a monthly basis.

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  Top 25,000 defaulting taxpayers to be persuaded to file GST returns by Nov 30

  Business | November 29, 2020 8:06 IST

  Tax officials have been directed to follow up personally with these defaulting taxpayers so that their GSTR-3B returns due for October get filed by Nov 30.

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  India among select nations which recognise taxpayers: PM Modi

  Business | November 11, 2020 18:37 IST

  PM Modi on Wednesday inaugurated the state-of-the-art-office cum residential complex of Income Tax appellate Tribunal-ITAT in Cuttack, Odisha. Addressing the event via video conferencing, PM Modi said, "India among select nations which recognise taxpayers' rights and responsibilities; step towards creating trust in tax system."

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  Taxpayers not required to disclose high-value transactions in ITR

  August 17, 2020 17:49 IST

  Only third parties would report high-value transactions to the I-T department as per the Income Tax Act. Such information would be used to identify people who are not paying up due taxes, and not for examining affairs of honest taxpayers.

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  What is faceless appeal, faceless assessment as part of BIG Ticket tax reforms: All you need to know

  Business | August 13, 2020 17:37 IST

  Prime Minister Narendra Modi has launched the 'transparent taxation' platform having components — faceless appeals by taxpayers, faceless assessment of taxpayers and the Rights' Charter for the taxpayers. An in-depth look into what these tax reforms mean.

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  BIG Ticket Tax Reforms: PM Modi calls it 'honouring the honest' | Top Points

  Business | August 13, 2020 14:10 IST

  Prime Minister Narendra Modi launched a platform to honour honest taxpayers via video conferencing at 11 AM on Thursday (today). The launch of the platform for 'Transparent Taxation - Honoring the Honest' will further carry forward the journey of direct tax reforms.

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  PM Narendra Modi launch platform for honouring honest taxpayers

  Business | August 12, 2020 14:47 IST

  Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman and Minister of State for Finance and Corporate Affairs, Anurag Singh Thakur will also present at the launch which will be done through a video conference.

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  Big relief for taxpayers: Govt exempts properties in Delhi's unauthorised colonies from income tax

  Business | June 30, 2020 19:13 IST

  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.

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  More relief for taxpayers, extra time for submitting Forms 15G, 15H till June 30

  Business | April 04, 2020 16:07 IST

  The Central Board of Direct Taxes (CBDT) has extended the validity of forms 15G and 15H by three months to June 30, 2020 and prevent banks from deducting TDS on interest income of individuals.

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  About 92% of large taxpayers filed annual returns for 2017-18: GSTN

  Business | February 16, 2020 15:51 IST

  The GST Network on Sunday said around 92 per cent of large taxpayers with turnover of over Rs 2 crore have filed annual returns for 2017-18 fiscal. 

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  Number of crorepati taxpayers shoot up 20% to 97,689: CBDT data

  Business | October 11, 2019 20:59 IST

  The number of crorepati taxpayers shot up 20 per cent to 97,689 during assessment year (AY) 2018-19, as per tax returns data released by the revenue department.