- Bloomberg Quint•3 days ago
Income Tax Department Seeks Industry Views On Taxing Overseas Online Companies
Digital players who are earning revenues from the vast Indian consumer base may be taxed.
- NewsBytes•4 days ago
#FinancialBytes: Know all about Income Tax in India
Income tax refers to the percentage of your income that you're required to pay to the government under the Income Tax Act. Income tax is applicable to both individuals and companies and all types of income, be it from salary, capital gains, business/profession or any other source.The government
- NewsBytes•4 days ago
#FinancialBytes: How to verify your Income Tax return
You might think that filing your Income Tax return on time is all you have to do. But, if you're filing your I-T return, or have already filed one, you should also get it verified. You can do it either online or offline, as per your convenience. Read on to know the procedure for I-T return verification
- News18•5 days ago
5 Income Tax Deductions to Save Tax for ITR FY2017-18
If you have a valid loan agreement in place, you can claim deduction for the interest paid by you under Section 24.
- News18•5 days ago
Pay Income Tax for FY 2017-18 Before 31 July 2018 to Avoid Late Fee; Two Changes Since 1 April You Should be Wary Of
Since 1st April 2018, a lot of changes have come to effect including penalty on late filing of ITR as well as reduction in the time-limit to revise your ITR.
- News18•5 days ago
5 Easy Steps to File Your Income Tax Return Today
New to filing Income Tax Returns? Here are five easy ways to file it today.
- News18•5 days ago
Can I File Income Tax Return Without Form 16?
Although Form 16 is the first thing you need to file your ITR, but if you don’t have one, then you can fetch details of your TDS from Form 26AS.
- News18•5 days ago
Pay Income Tax for FY 2017-18 Before 31st July 2018 to Avoid Late Fee; Two Changes Since 1st April You Should be Wary Of
Since 1st April 2018, a lot of changes have come to effect including penalty on late filing of ITR as well as reduction in the time-limit to revise your ITR.
- Firstpost•6 days ago
Income tax returns: Ahead of 31 July due date, a look at new changes in the filing process
While the deadline for filing the return remains the same at 31 July, one of the biggest change is the introduction of late filing fees of Rs 5,000 (if the return is filed by 31 December) or Rs 10,000 (if filed after 31 December).
- News18•7 days ago
5 Income Tax Deductions to Save Tax for ITR FY2017-18
If you have taken a home loan recently then you must paid processing fee as well as other ancillary charges. These fees are treated as interest and under Sector 24 you can claim a deduction for the processing fee/ancillary charges paid by you on home loan.
- India Today•7 days ago
Income Tax dept sells Cairn Energy shares in Vedanta for $216 million
The Income Tax Department seized the shares after issuing Cairn with a Rs 10,247 crore tax demand on capital gains made on at the time of the sale of business to Anil Agarwal-led Vedanta.
- NewsBytes•7 days ago
#FinancialBytes: 10 Documents you need while filing your I-T Return
The deadline for filing of Income Tax Return for the FY 2017-18, i.e. July 31, 2018, is approaching fast. The process of filing the income tax return becomes way easier when you have all the necessary documents handy with you. So, here we bring to you the list of all documents you will need while e-filing
- News18•9 days ago
Income Tax Returns Filing: How to Claim House Rent Allowance Exemption
It is important to know that you can claim HRA exemption benefit only when you are living in a rented house. Those who live in their own house cannot avail tax exemption benefit on HRA.
- Bloomberg Quint•13 days ago
Income Tax Refunds Worth Rs 70,000 Crore Issued, 99% Claims Processed, Says CBDT
Nearly all refund claims pending as on June-end have been processed, taxman says.
- Firstpost•17 days ago
What you need to know before filing your income tax return
Taking a look at the various criteria/situations that make return filing mandatory for taxpayers.
- Moneycontrol•19 days ago
Two senior Income Tax officers get 5-year jail in bribery case
The builder had approached the CBI's ACB on April 12, 2010 claiming that the two officers, who were posted at the Thane Income Tax office, were demanding bribe to reduce tax liabilities of his firm Ram Developers.
- Moneycontrol•20 days ago
BJP questions Rahul Gandhi over income tax notice to Robert Vadra
"Fugitive tycoon Vijay Mallya and Robert Vadra, the epitome of corruption during the Congress-led UPA government, are now feeling the heat of the law. They are feeling insecure," the BJP spokesperson Sambit Patra told reporters here.
- Moneycontrol•21 days ago
Filing Income-Tax Returns: 5 tax implications of mutual fund investments
While you can claim up to Rs 150000 deduction for investment in ELSS scheme during the financial year, there are other tax implications on mutual funds which one should be aware of while filing their ITR.
- Moneycontrol•26 days ago
Australian Senate delivers $106 billion in income tax cuts
The center-left opposition Labor Party supported the proposed initial tax relief for low and middle-income earners from next month.
- NewsBytes•27 days ago
#FinancialBytes: Missed filing I-T return? Here's what you can do
The due date for filing the Income Tax Return for the financial year 2016-17 was July 31, 2017. However, in case you missed the above deadline, you could have still filed the return as 'belated tax return', latest by March 31, 2018. But if you have missed even the due date for the belated tax
- ClearTax•28 days ago
Is your donation eligible for a tax deduction? Check now!
Every taxpayer, makes an attempt to optimise tax saving investments during the year to keep tax outgo to the minimum. But did you know that besides making these investments, even the donations you make during a year can also help you save taxes! Interestingly, the income tax law gives you back what you
- Moneycontrol•28 days ago
Income Tax Department files review plea in Chidambaram family members' petition
The department also filed a counter to the petitions filed by Chidambaram's wife Nalini, son Karti and daughter-in-law Srinidhi and a firm, challenging the complaints filed on May 11 in a court here for alleged non-disclosure of assets in the 2016-17 returns.
- NewsBytes•29 days ago
#FinancialBytes: Know all about Income Tax in India
Income tax refers to the percentage of your income that you're required to pay to the government under the Income Tax Act. Income tax is applicable to both individuals and companies and all types of income, be it from salary, capital gains, business/profession or any other source.The government
- NewsBytes•last month
#FinancialBytes: 10 Documents you need while filing your I-T Return
The deadline for filing of Income Tax Return for the FY 2017-18, i.e. July 31, 2018, is approaching fast.The process of filing the income tax return becomes way easier when you have all the necessary documents handy with you.So, here we bring to you the list of all documents you will need while e-filing
- NewsBytes•last month
#FinancialBytes: Know all about ELSS that helps you save tax
Are you looking for an investment instrument which can not only offer you high returns but can also help you save tax? Well, then you can choose to invest in Equity-Linked Saving Scheme (ELSS), which is often touted as the best investment and tax-saving instrument. Read on to know all about ELSS and
