Category: Income Tax

Clipped from: https://www.thehindubusinessline.com/news/madras-hc-puts-the-onus-on-tax-payer-to-prove-no-wilful-intention-in-not-filing-itr/article37236042.ece The Court has ruled continuation of prosecution in this matter Accordingly, the Court has ruled continuation of prosecution in this matter. Experts advise

Clipped from: https://www.loksatta.com/arthvrutant/tips-for-tax-satisfaction-loss-and-income-tax-act-zws-70-2646723/ करदात्याला तोटा झाल्यास तो इतर उत्पन्नातून वजा करता येतो. मात्र हे तोटय़ाच्या आणि उत्पन्नाच्या प्रकारावर अवलंबून आहे प्रवीण देशपांडे pravin3966@rediffmail.com उद्योग-व्यवसाय करताना नफा

Clipped from: https://www.businesstoday.in/latest/story/is-the-surrender-value-of-ulip-taxable-310458-2021-10-26 Know all about tax implications if you surrender your Unit Linked Insurance Plan, or ULIP. Unit Linked Life Insurance Plan (ULIP) Life insurance

Clipped from: https://economictimes.indiatimes.com/news/india/it-department-detects-tax-evasion-worth-crores-after-raids-on-two-business-entities/articleshow/87079600.cmsSynopsis The first group is engaged in digital marketing and campaign management and the raids were carried out at seven premises located in Bengaluru,

Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-register-yourself-on-the-new-income-tax-portal-for-filing-itr/articleshow/86091656.cmsSynopsis ​Here is a look at the details you will have to provide and a step-by-step guide on how to do register and open

lipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-global-tax-restructuring-a-recognition-that-the-existing-system-is-weak/articleshow/87027399.cmsSynopsis Britain introduced the ‘Google tax’, India introduced the ‘equalisation levy’, and a host of other countries took different unilateral measures. Given that many

Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-filing-by-individuals-who-should-file-and-how-to-file-2/2348463/ An individual is obligated to file an ITR if his gross taxable income during a particular FY exceeds the maximum amount not chargeable

Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/know-the-key-points-about-new-tax-regime/article36916514.ece From this year onwards there is an option to choose between the old tax regime and a newer one Getting ready to file

Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/for-income-tax-filing-what-is-the-reference-document-for-forex-conversion-to-rupee/article36919280.ece On conversion from foreign currency to Indian rupee for income tax filing purposes, what is the reference document recognised by income tax rules?

Clipped from: https://economictimes.indiatimes.com/news/how-to/educational-services-tax-on-coaching-centres-in-india/articleshow/86886821.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis All cash received from the coaching profession has to be deposited into a separate bank account periodically and all expenses are to be

Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-pre-validate-bank-account-to-receive-income-tax-refund/articleshow/86363308.cmsSynopsis The income tax department had previously announced that from March 1, 2019, it will issue only e-refunds. These tax refunds will be credited

Clipped from: https://economictimes.indiatimes.com/news/india/it-department-unearthed-huge-no-of-black-assets-overseas-accounts-after-recent-raids-cbdt/articleshow/86756306.cmsSynopsis Several incriminating documents, loose sheets, diaries, emails and other digital evidence have been unearthed which indicates ownership of a large number of foreign