- GoodReturns•yesterday
What Is Withholding Tax?
Withholding tax also referred as retention tax is generally found in all tax systems and is an income tax obligation that is charged to income at source and herein the payer of the income is liable to pay this tax to
- Bloomberg Quint•yesterday
Income Tax Department Surveys Jet Airways’ Mumbai, Delhi Offices
After SEBI and the corporate affairs ministry, the Income Tax department has put Jet Airways under the scanner.
- Firstpost•yesterday
Income Tax Department conducts 'verification surveys' at Jet Airways offices; shares fall over 4%
Jet Airways' market valuation fell by Rs 105.38 crore to Rs 2,774.62 crore on BSE
- GoodReturns•15 days ago
How To Check Income Tax Refund Status?
It may well be the case that after filing your Income tax return for the financial year 2017-18 (Assessment year 2018-19), you may be waiting for the excess income tax paid by you to be processed and verified by the department
- Bloomberg Quint•18 days ago
This Is Not A “Picnic Place”, Supreme Court Slams Income Tax Department
SC slams the Income Tax department for making “misleading statement” about the pendency of an appeal, fines Rs 10 lakh.
- GoodReturns•20 days ago
Over 60% Increase in The Number of Income Tax Returns Filing as Deadline Ends
More than 5.29 crore income tax returns (ITR) have been filed by taxpayers for the financial year 2017-18, within the deadline of 31 August 2018, according to a PTI report. This means that there has been an increase of more than
- Bloomberg Quint•20 days ago
More Than 5.2 Crore Income Tax Returns Filed As Deadline Ends
There was an increase of more than 60 percent in total returns filed, compared to the previous year.
- Firstpost•20 days ago
Extended IT returns filing deadline ends at midnight on 31 August; belated returns to attract a fine of up to Rs 10,000
Over five crore income-tax returns were filed till 30 August and 20 lakh returns were filed on 30 August.
- Firstpost•20 days ago
Walmart-Flipkart deal: Income Tax Department asks US retail giant to pay tax arising out of acquisition by 7 September
Following the CCI nod to the Walmart-Flipkart deal, the I-T department expects Walmart to approach it under Section 197 of the Income Tax Act.
- India Today•20 days ago
Former Flipkart stakeholders explore grounds for lower tax rate: Report
The buzz is that the Income Tax department stands to make a whopping $2 billion from the $16 billion Walmart-Flipkart deal.
- NewsBytes•21 days ago
#FinancialBytes: What happens if you miss tomorrow's ITR filing deadline
The new Income tax filing deadline, ie. August 31, is just a day away. Earlier, the due date was July 31, which was later extended by a period of one month. However, the applicants from Kerala can file their returns by September 15, on account of the devastating floods in the state. Here's what
- GoodReturns•23 days ago
Deadline for Filing Income Tax Returns Extended for Kerala
Considering the devastating floods which have affected life in the state, the due date for filing income tax return for assessees in Kerala has been extended by 15 days to September 15 by the CBDT (Central Board of Direct Taxes). The
- GoodReturns•24 days ago
ITR Filing: Claiming Excess Tax Paid As Refund-Note These Points
There can be cases when you forget to claim for one or the other deductions that you can benefit from or say fail to produce some other investment proofs to your employers and hence were required to pay higher taxes then.
- GoodReturns•28 days ago
How Demat Account Helps You Save Tax?
Though with the new provisions it is now mandatory to have a demat account in place for the day-to-day trading in shares or just to have the physical delivery in shares in demat form or electronic format. It is to be
- NewsBytes•last month
#FinancialBytes: Know which Income Tax Return form you should file
Since April 5, 2018, the Income Tax Department has been uploading the Income Tax Return (ITR) forms for the Assessment Year 2018-19 (Financial Year 2017-18). In total there are 7 such forms.So, out of all these 7 ITR forms, which one should you file?Read here to know your ITR form.
- Bloomberg Quint•last month
Higher Tax Rates To Impact Profitability This Year: Matrimony.com
Higher Tax Rates To Impact Profitability This Year: Matrimony.com
- NewsBytes•last month
#FinancialBytes: How to pay your taxes online and offline
In a given financial year, your income is taxable in three ways, namely- 1) Tax deducted at source, 2) Advance tax payments, and 3) Self-assessment taxes (before filing ITR).In case of salaried individuals, TDS is deducted directly from income.Taxpayers whose total tax-liability exceeds Rs. 10,000, have
- NewsBytes•last month
#FinancialBytes: Here's how you can file the I-T return yourself
Every individual, whose total income during a financial year exceeds the maximum income not chargeable to tax, is required to file an income tax return (ITR) as per the Income Tax Act, 1961.Have you wondered how you can file your ITR without seeking the help of a Chartered Accountant (CA)?Here's
- GoodReturns•last month
Income Tax Collection Crossed Rs 10 Lakh Crore in 2017-18: CBDT
Income Tax collection in the country stood at a record Rs 10.03 lakh crore during 2017-18, the Central Board of Direct Taxes (CBDT) said yesterday. Addressing a two-day conference of Income Tax Administrators of Eastern Zone here, Shabri Bhattasali, Member of
- Bloomberg Quint•last month
Income Tax Collection At Record Rs 10.03 Lakh Crore
The I-T Department added 1.06 crore new return filers during 2017-18 and aims to add 1.25 crore new filers for the current year.
- GoodReturns•last month
4 IT Return Refund Status Terms You Should Know
Income tax (IT) returns filing does not end with e-fling. You are required to verify your returns and the IT department will further process them. Verification of IT return means declaring that the filed information is as per your consent and
- GoodReturns•last month
Now Filing Of Income Tax Return Possible Without Aadhaar
As per one of the reports, the Central Board of Direct Taxes (CBDT) has allowed assesses to file online income tax returns without quoting of their Aadhaar number. On July 24, the Delhi High Court asked the Central Board of
- News18•last month
Auto Component Manufacturers Demand Uniform 18 Percent GST Tax Rate
On the industry's financial performance, the "Industry Performance Review" showed that the sector's turnover grew by 18.3 per cent to Rs 345,635 crore ($ 51.2 billion) during the last fiscal.
- IANS•last month
Auto component manufacturers association demands uniform 18% GST tax rate
New Delhi, Aug 6 (IANS) India's auto component manufacturing sector on Monday demanded that the industry be brought under a uniform 18 per cent GST rate. According to the Automotive Component Manufacturers Association of India (ACMA), currently 60 per cent of the components attract 18 per cent GST
- IANS India Private Limited•last month
Auto component manufacturers association demands uniform 18% GST tax rate
New Delhi, Aug 6 (IANS) India's auto component manufacturing sector on Monday demanded that the industry be brought under a uniform 18 per cent GST rate. According to the Automotive Component Manufacturers Association of India (ACMA), currently 60 per cent of the components attract 18 per cent GST
