Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-how-to-get-tds-certificate-from-mutual-funds/article37726980.ece?homepage=true I have a few doubts with respect to my ITR for FY 2020-21 i.e. current AY 2021-22. I have invested ₹20,000 in Templeton
Category: Income Tax
How do you verify your ITR? – Portfolio podcast |The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/multimedia/audio/portfolio-podcast-how-do-you-verify-your-itr/article37715878.ece?homepage=true The tax filing season for assessment year (AY) 21-22 is here. Have you filed your income tax return or ITR yet? Know that
How to verify your Income Tax Return – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/how-to-verify-your-income-tax-return/article37726332.ece?homepage=true Remember to verify your ITR within 120 days of filing A phone call between two friends leads to a conversation on verifying the
‘Foreign funds invested in India can’t be taxed as unexplained income’ – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/foreign-funds-invested-in-india-cant-be-taxed-as-unexplained-income/articleshow/87941381.cms MUMBAI: In a recent order, the Income-Tax Appellate Tribunal (ITAT), Mumbai bench, has held that purchase of a flat by a non-resident using
Over 2.6 crore I-T returns filed, portal issues sorted: Government – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/wealth/tax-planning/over-2-6-crore-i-t-returns-filed-portal-issues-sorted-government/articleshow/87790865.cms NEW DELHI: The government has ruled out an extension beyond December for filing income tax returns and is nudging taxpayers to make their
The Revision of Tax Audit Reports–TAXGURU.IN
Clipped from: https://taxguru.in/chartered-accountant/revision-tax-audit-reports.html Tax audit is a cross-examination of the books of accounts of the taxpayer by a practicing Chartered Accountant under the Income Tax Act
Section 54F exemption cannot be denied merely for purchase of property by HUF in members name–TAXGURU.IN
Clipped from: https://taxguru.in/income-tax/section-54f-exemption-denied-merely-purchase-property-huf-members-name.html PCIT Vs Vaidya Panalalmanilal (HUF) (Gujarat High Court) The materials on record would suggest that there was no dispute at the hands of
Faceless assessment: Taxpayers seek redress from courts over thorny issues | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/faceless-assessment-taxpayers-seek-redress-from-courts-over-thorny-issues-121112400577_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Newsletter_11072018 Experts says that the system is a mixed bag of experiences for the taxpayer, but agree that it largely circumvents the principle of
Getting dividend as regular income? Beware! You have to pay tax and reveal it in ITR this year – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/getting-dividend-as-regular-income-beware-you-have-to-pay-tax-and-reveal-it-in-itr-this-year/2375475/ While investing in mutual fund (MF) schemes, many people opt for the dividend payout option to get regular income while staying invested. Till
करावे कर-समाधान : वार्षिक माहिती विधान (एआयएस) काय आहे?–लोकसत्ता
Clipped from: https://www.loksatta.com/arthvrutant/tax-satisfaction-annual-information-statement-ais-ysh-95-2687833/ गेल्या काही वर्षांपासून करदात्याविषयी बरीच माहिती ‘फॉर्म २६एएस’मध्ये दर्शविली जाते. प्रवीण देशपांडे pravin3966@rediffmail.com गेल्या काही वर्षांपासून करदात्याविषयी बरीच माहिती ‘फॉर्म २६एएस’मध्ये दर्शविली जाते. परदेशात
How to get errors in Annual Information Statement corrected – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-get-errors-in-annual-information-statement-corrected/articleshow/87731142.cmsSynopsis Annual Information Statement (AIS) contains pre-filled information shared by various financial entities such as banks, mutual funds, stockbrokers etc. and your employer (salary
Made money from Nykaa and other IPO listings? Check how much tax you need to pay – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/made-money-from-nykaa-and-other-ipo-listings-check-how-much-tax-you-need-to-pay/2373543/ Income Tax on IPO Listing Gains: Several investors have made money from IPO listings this year. Representative image Income Tax on IPO Listing
Income Tax paying mistakes: How to correct mistakes made at the time of paying income tax – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/how-to/how-to-correct-mistakes-made-at-the-time-of-paying-income-tax/articleshow/87648887.cmsSynopsis Here is a look at how taxes are paid and how to correct any mistakes made at the time of paying self-assessment tax.
Buy-back tax inhibits business efficiency – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/buy-back-tax-inhibits-business-efficiency/2373374/ Instead, abolish this and ensure shareholders pay tax on any income from buy-back Consequently, unlisted companies had to either pay DDT or buy-back
IT Department unearths unaccounted income of over ₹100 crore from searches in Gujarat – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/it-department-unearths-unaccounted-income-of-over-100-crore-from-searches-in-gujarat/article37607446.ece Searched Group engaged in chemicals manufacturing, real estate The Income Tax Department has carried out a search and seizure operation on a prominent
Karnataka HC allows Income Tax deduction of loss due to Foreign Exchange Rate Fluctuation–TAXGURU.IN
Clipped from: https://taxguru.in/income-tax/karnataka-hc-allows-income-tax-deduction-loss-due-foreign-exchange-rate-fluctuation.html Income Tax deduction allowed by Karnataka High Court on loss suffered by assessee on Foreign Exchange Rate Fluctuation The Hon’ble Karnataka High Court
Residential Status for Income Tax: You can be deemed resident, taxed in India even if you haven’t spent even one day in the country: Here’s how – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/you-can-be-deemed-resident-taxed-in-india-even-if-you-havent-spent-even-one-day-in-the-country-heres-how/articleshow/87711480.cmsSynopsis The recent changes in the Income-tax Act, 1961 has made an individual’s income taxable in India even he has not spent a single
Annual Information Statement download: What is Annual Information Statement (AIS) and how to download it from new income tax portal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/what-is-ais-and-how-to-download-it-from-new-income-tax-portal/articleshow/87732363.cmsSynopsis It is important to check the information contained in AIS to ensure that the income tax department has the correct information about you.
Government to change tax laws in Budget to tax cryptocurrency gains – The Financial Express
Clipped from: https://www.financialexpress.com/economy/government-to-change-tax-laws-in-budget-to-tax-cryptocurrency-gains/2372449/ Revenue Secretary Tarun Bajaj said that in terms of income tax, some people are already paying capital gains tax on the income from
Know your tax on dividends and sale of shares | Deccan Herald
Clipped from: https://www.deccanherald.com/business/family-finance/know-your-tax-on-dividends-and-sale-of-shares-1032207.html It is important to note that the benefit of indexation is not available for LTCG on the sale of listed shares Representative image.
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