Taxpayers
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Number of crorepati taxpayers shoot up 20% to 97,689: CBDT data
Business | Oct 11, 2019, 08:59 PM ISTThe 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.
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Important buildings, roads or monuments to be named after top taxpayers: Economic Survey proposes
Budget | Jul 04, 2019, 05:14 PM ISTTo encourage tax payers, the Economic Survey 2018-19 proposes great rewards for people paying their due tax. The Economic Survey suggests 'diplomatic'-type privileges for top-10 taxpayers in each district.
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Most taxpayers don't expect direct tax changes in budget: Survey
India | Jul 02, 2019, 10:29 PM ISTAround 53 percent of the taxpayers interviewed in the KPMG's pre-budget survey felt that there will not be any major announcement on direct taxes. Around 27 percent said that there will be major changes, while 20 percent were not sure of any eventuality, the report showed.
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Govt working on ambitious policy proposal to honour consistent taxpayers, PMO to give final nod
Business | Oct 14, 2018, 04:44 PM ISTThe proposal will be vetted by the Finance Ministry and sent for final approval to the Prime Ministers Office (PMO) before it is cleared by the Union cabinet.
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File final July GST returns by Tuesday: Government to taxpayers
Business | Oct 09, 2017, 08:35 PM ISTThe government on Monday asked businesses to file final GST returns for the month of July by tomorrow as it ruled out any extension to the due date.
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Within month of GST launch, taxpayer registrations cross 10 lakh mark
Jul 30, 2017, 09:27 AM ISTJust a month into the new tax regime, the number of registrations under the Goods and Services Tax (GST) crossed the 10 lakh mark on Saturday
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How taxpayers are finding ways to circumvent Aadhaar-PAN linkage
Jul 23, 2017, 08:33 AM ISTA large proportion of taxpayers filed their returns manually, via snail mail, rather than getting an Aadhaar card. Several others filed their returns online early, before June 30, when the Aadhaar linkage was not compulsory
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Aadhaar-PAN linking must for taxpayers from July 1: Govt notifies amended I-T rules
Jun 28, 2017, 11:48 AM ISTAmending income tax rules and notifying the same, the government has made quoting of the 12-digit biometric Aadhaar or the enrolment ID a must at the time of application of permanent account number (PAN)
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91 lakh people added to tax net post demonetisation, says Arun Jaitley
May 17, 2017, 09:02 AM ISTThe Income Tax department has identified at least one lakh “high-risk individuals” with more than Rs 1.72 lakh crore deposits in their bank accounts
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Pay dues in advance to avoid last-minute rush: RBI asks taxpayers
May 16, 2017, 02:53 PM ISTThe Reserve Bank of India (RBI) on Monday issued an advisory asking taxpayers to pay their dues well on time to avoid last-minute rush.
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Arvind Panagariya raises concern over harassment of taxpayers post-demonentisation: Report
India | Jan 02, 2017, 10:29 AM ISTArvind Panagariya, vice chairperson of Niti Aayog, is learnt to have written to the Prime Minister’s Office stressing on the need to specify rules to ensure that people, especially women, are not made to suffer for having deposited old notes
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Taxpayers earning over Rs 10L may have their LPG subsidy blocked
Dec 20, 2016, 09:01 PM ISTTaking forward the government's initiative to effectively block subsidised cooking gas to higher income groups, the Income Tax department will soon begin sharing personal data--like PAN, residential address and mobile number--of a taxpayer earning ov
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‘Taxing with love’ and lessons from PM Modi: I-T sleuths to get tips on being taxpayer-friendly
Jun 13, 2016, 01:40 PM ISTNew Delhi: In a first of its kind exercise, Income Tax sleuths in the country will get lessons on adopting a more friendly approach towards taxpayers from none other than Prime Minister Narendra Modi. Under
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Only 1 per cent Indians pay income tax, shows government data
May 01, 2016, 11:40 PM ISTNew Delhi: Taxpayers account for just about one per cent of India’s population, but tax outgo was over Rs. 1 crore for as many as 5,430 individuals, as per the latest data disclosed by the
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Finance Ministry asks taxpayers to e-file Income Tax returns early
Jul 02, 2015, 07:09 AM ISTNew Delhi: The Finance Ministry on Wednesday asked taxpayers to file their I-T returns for 2015-16 early to avoid the rush towards the last date of August 31.The tax department, yesterday, made fully operational its
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Taxpayers cannot be terrorised by scrutiny: CBDT chief
Jun 24, 2015, 07:02 PM ISTNew Delhi: Seeking to allay concerns of taxpayers, CBDT has asked them not to get terrorised by threats of their cases being wilfully chosen for "scrutiny" by the taxman as the procedure is fully electronic
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Check your new I-T assessment range before filing returns
Apr 22, 2015, 07:47 PM ISTNEW DELHI: With income tax returns filing season commencing soon, taxpayers have been advised to re-check their new assessment ranges as the I-T department has carried out a large-scale restructuring and jurisdictional change of its
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Budget 2015: Decoding how taxpayer benefit adds up to Rs 4.44 lakh
Feb 28, 2015, 02:41 PM ISTNew Delhi: Finance Minister Arun Jaitley in his Budget Speech in Lok Sabha today proposed rationalization of various tax exemptions and measures to improve tax administration.He said the government has provided medium term guidance wherein
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30 Karnataka MLAs leaving on Amazon trip, costing taxpayers Rs 2.25 crore
India | Dec 26, 2013, 08:24 AM ISTBangalore: A 30-member Karnataka legislators delegation is heading for the Amazon rain forests in January to apparently understand its flora and fauna. This study tour will cost the state exchequer Rs 2.25 crore.The study tour
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Govt To Issue Biometric PAN Cards
India | Apr 11, 2011, 07:02 PM ISTNew Delhi, Apr 11: The government has decided to issue biometric PAN cards to taxpayers across the country to weed out the problem of duplicate and fake ones.The decision was taken recently by the Finance