- Moneycontrol•6 days ago
PODCAST | All you need to know about Income Tax Department's warning
Here’s all that you need to know about the Income Tax Department’s warning to salaried class against filing wrong ITRs and the action it plans to take.
- Moneycontrol•6 days ago
Relax, your reimbursements will remain what they were. They stay GST-free, income tax-free
Earlier this week, a financial daily had reported that companies may have to restructure the reimbursement component of their employee’s salary to ensure that it doesn’t attract GST.
- Bloomberg Quint•6 days ago
New Income Tax Return Forms: All You Need To Know
Taxpayers would be taking a big risk by not taking professional help in filling up the new ITR forms.
- Firstpost•6 days ago
Income Tax Department's warning to the salaried against bogus refund claims smacks of inept assessment
Pleading and issuing warnings smack of ineptness, an ineptness in making a proper assessment of refund claims filed through income tax returns (ITRs).
- Firstpost•6 days ago
Cash crunch: Income tax officials raid currency hoarders in Karnataka, Andhra Pradesh; target large contractors
Amid the ongoing cash crunch in the country, tax authorities conducted 30-35 raids in Karnataka and parts of Andhra Pradesh in order to corner cash hoarders
- Bloomberg Quint•8 days ago
ITR-1 Form For FY18-19 Activated For E-Filing: Income Tax Department
ITR-1 form has been activated on the official e-filing portal of the Income Tax Department.
- Bloomberg Quint•10 days ago
Income Tax Department Seizes Cairn Energy’s Rs 440 Crore Dividend Income
The Income Tax department has seized a further Rs 440 crore of dividend income due to Cairn Energy Plc.
- Moneycontrol•10 days ago
Income Tax Dept seizes Rs 440 cr dividend income of Cairn Energy
The tax department had previously seized Rs 666 crore of dividends due to Cairn from its 4.95 per cent residual holding in Vedanta Ltd.
- Moneycontrol•11 days ago
This week in Personal Finance: How to get your tax refund early; when to exit a mutual fund
Has the falling capital market prompted the thought of discontinuing your SIP instalments? In fact, a falling market may be the best time for your SIPs amount to be deducted from your bank.
- Moneycontrol•12 days ago
Are you often confused between the Income Tax and TDS? Here’s how they differ
TDS represents part of Income-tax that is already paid by the assessee, which can be set off against Income tax and balance tax liability to be paid.
- Moneycontrol•13 days ago
Want your income tax refund early? Follow these 10 steps while filing returns
Taxpayers whose refunds are delayed are often responsible themselves because most of the reasons are in their control, say tax experts
- Moneycontrol•14 days ago
Regional offices of income tax dept collected Rs 1 L cr, but staff says it doesn't have money to pay for essentials
The association said that the non-payment of dues hampered their efficiency in crucial months of December to March
- Firstpost•15 days ago
PNB scam: Income Tax Department asks tax havens to furnish account details of fraudster Nirav Modi
I-T department is reportedly set to launch legal action against Nirav Modi, who is wanted in connection with PNB fraud, under Black Money Act
- Moneycontrol•16 days ago
5 changes you need to focus while computing your taxes for filing tax returns this year
As a taxpayer, it is necessary for you to keep abreast of the latest amendments to enable a salaried individual to compute taxes and file individual tax returns.
- Firstpost•19 days ago
Setback for Robert Vadra: SC rejects plea, Income Tax Department to probe SkyLight Hospitality over DLF land deal
In 2017, the Justice SN Dhingra Commission concluded that blaw of party vice-president Rahul Gandhi, Robert Vadra made illegal profits of Rs 50.5 crore from a land deal in Haryana in 2008 without spending a single penny.
- NewsBytes•21 days ago
Deepak Kochhar's 'funds from Mauritius' under income tax department's scrutiny
Deepak Kochhar, the founding director of NuPower Renewables, was served a notice by the Income Tax department, asking him to furnish all the details of the hundreds of crores worth of investments that he allegedly received from two Mauritius companies. Deepak, who is married to ICICI Bank MD-CEO Chanda
- Reuters•22 days ago
China gives preferential tax rate for generic drugmakers
China will offer preferential tax rates to generic drugmakers, setting corporate income tax for qualified high-tech firms at 15 percent, China's cabinet said in a policy document on Tuesday. The State Council also said it would draw up new incentives aimed at encouraging the development and production
- Moneycontrol•22 days ago
Have you missed filing tax return for previous year (FY 2016-17)? Here’s what you should do
The income tax return may also be required as documentary evidence for any application for visas or for loans, etc.
- Firstpost•25 days ago
If the Income Tax Department can go to town, the RBI too could name and shame defaulters
Naming and shaming has greater justification in the context of loan defaults vis-à-vis income tax defaults.
- Moneycontrol•26 days ago
How to file Income Tax Returns online in 5 simple steps
While filing ITR, it is always better to keep few things readily available with you like - Aadhaar number, PAN Card, Bank details and other investment documents
- Bloomberg Quint•27 days ago
Income Tax Department Publicly Names Defaulters Owing Rs 490 Crore Taxes
Here are the 24 defaulters owe Rs 490 crore in taxes, as per list published by Income Tax Department
- Firstpost•27 days ago
Income Tax Department publishes countrywide list of 24 defaulters as part of its name and shame initiative
IT dept published a list of defaulters who are currently either untraceable or have reported assets inadequate for payment of their dues
- IANS•27 days ago
Income Tax Office issues list of defaulters, some untraceable
New Delhi, March 29 (IANS) The Income Tax Department on Thursday published a countrywide list of 24 defaulting individuals and companies who are currently either untraceable or have reported assets inadequate for payment of their dues. In full-page advertisements issued in major national dailies as
- IANS India Private Limited•27 days ago
Income Tax Office issues list of defaulters, some untraceable
New Delhi, March 29 (IANS) The Income Tax Department on Thursday published a countrywide list of 24 defaulting individuals and companies who are currently either untraceable or have reported assets inadequate for payment of their dues. In full-page advertisements issued in major national dailies as
- Firstpost•28 days ago
Income Tax Department takes cognisance of Cognizant's Rs 2,500 cr tax avoidance, but will not succeed
Tax avoidance is still a potent part of a tax payer’s armour. The only way to end tax avoidance is legislative interference.
