Clipped from: https://economictimes.indiatimes.com/wealth/tax/budget-2022-bars-set-off-of-losses-against-undisclosed-income-found-in-tax-raids/articleshow/89270396.cmsSynopsis It has been observed that in many cases where undisclosed income or suppression of sales etc. is detected, payment of tax is avoided
Category: Income Tax
After Delhi and Allahabad, Rajasthan HC quashes assessment notices issued under Section 148 of the Income Tax Act – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/rajasthan-hc-followed-delhi-allahabad-hc-in-quashing-reassessment-it-notices-issued-on-or-after-april-121/article64944869.ece Centre’s plea against Allahabad HC to be heard soon in the Supreme Court After the Delhi and Allahabad High Courts, the Rajasthan High
BS Number Wise: A case for taxing India’s rich on stock market profits | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/bs-number-wise-a-case-for-taxing-india-s-rich-on-stock-market-profits-122012801798_1.html As economic inequality in the country widens, crorepatis pay very little on long-term capital gains Billionaire Warren Buffett, in a column written more
‘Remove MAT for troubled firms under resolution’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/exempt-cos-admitted-by-nclt-for-resolution-from-mat-edelweiss-arc-chief/article64941378.ece Edelweiss ARC seeks level playing field vis-a-vis other stressed asset investors A company admitted by the National Company Law Tribunal (NCLT) for resolution should
A case for taxing India’s rich on stock market profits | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/bs-number-wise-a-case-for-taxing-india-s-rich-on-stock-market-profits-122012801798_1.html As economic inequality in the country widens, crorepatis pay very little on long-term capital gains Billionaire Warren Buffett, in a column written more
Your queries (Income Tax): Use ITR Form 2 to file tax on capital gains on sale of property – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-use-itr-form-2-to-file-tax-on-capital-gains-on-sale-of-property/2415834/ Discharge tax liability by payment through an authorised bank or through the internet by availing e-Tax payment facility. The long-term capital gains arising
Gentle nudge – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/tax-regime/article64940882.ece The Budget should aim to make the new tax regime more attractive for individuals India’s direct tax collections have shown significant buoyancy this
Will property become Benami if you purchase Relatives Name?–Taxguru.in
Clipped from: https://taxguru.in/income-tax/property-benami-purchase-relatives-name.html?utm_source=feedburner&utm_medium=email It is very common to purchase property in the name of our close relatives like spouse, children, parents and siblings. However it is
Corporate tax cuts do boost investments – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/corporate-tax-cuts-do-boost-investments/article64938246.ece A study based on tax cuts of September 2019 shows that firms that benefited invested more in asset creation Given that the Union
Income Tax return: File a rectification request to expedite stuck refund | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/income-tax-return-file-a-rectification-request-to-expedite-stuck-refund-122012400557_1.html Correct your mistake or provide additional information required by Department so that your return gets processed If you had filed your Income-Tax Return (ITR)
Reforming individual income tax – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/reforming-individual-income-tax/2413793/ Replace the six-slab tax structure with a new three-slab structure with no deductions and exemptions, except towards insurance premium and donations Senior citizens
Smartly tweak tax treatment for savings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/smartly-tweak-tax-treatment-for-savings/articleshow/89047684.cmsSynopsis The existing tax-exempt limit under Section 80 C of the I-T Act is ₹1.5 lakh, while the annual standard deduction is ₹50,000. A
No tax claims after winding up order of company passed, says CBIC – The Economic Times
No tax claims after winding up order of company passed, says CBIC – The Economic Times https://economictimes.indiatimes.com/news/economy/policy/no-tax-claims-after-winding-up-order-of-company-passed-says-cbic/articleshow/89051544.cmsThe circular says in case of a bankrupt defaulter,
I-T notice issued against a dead person not valid: Delhi HC – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/national/no-it-notice-proceeding-in-the-name-of-dead-person-delhi-hc/article64929571.ece The Court also highlighted from previous ruling that it is not a statutory obligation on the part of legal heir to inform the
4 things to do after filing your tax returns – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/big-story/4-things-to-do-after-filing-your-tax-returns/article64927889.ece Are you sitting back relaxed, having beaten the December 31 deadline to file income tax returns? Wait, there’s more to do! Heaving a
Smartly tweak tax treatment for savings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/smartly-tweak-tax-treatment-for-savings/articleshow/89047684.cmsSynopsis The existing tax-exempt limit under Section 80 C of the I-T Act is ₹1.5 lakh, while the annual standard deduction is ₹50,000. A
Daughters to inherit fathers’ self acquired, other properties, get preference over others: SC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/daughters-to-inherit-fathers-self-acquired-inherited-properties-to-get-preference-over-otherssc/articleshow/89032972.cmsSynopsis Justice Murari, writing the 51-page judgment for the bench, also dealt with the question of whether such property will devolve on to the
Mutual benefit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/taxing-stocks/article64928644.ece LTCG on equity funds needs review in order to nudge investors to take the funds route The equity market has been among the
Can tax benefits be claimed on both HRA, home loan interest? – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/ask-money-today/story/ask-money-today-can-tax-benefits-be-claimed-on-both-hra-home-loan-interest-319871-2022-01-21 HRA per say is not tax free unless you are actually paying rent for your place of residence. Tax benefits on HRA I
Streamline issuance of lower/nil TDS certificate – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/streamlining-lowernil-tax-deduction-certificate-issuance/article64926528.ece The process of getting lower/nil tax deduction certificate needs to be made more objective and user-friendly To protect one’s cash flow from the
aniltikotekar4sme.com 