Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/should-those-above-65-years-go-for-the-national-pension-system/article36291126.ece?homepage=true The logic for investing may be very different for those over 65 years of age The Pension Fund Regulatory and Development Authority (PFRDA)
Category: Income Tax
Why tax transparency report enhances value – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/why-tax-transparency-report-enhances-value/article36302051.ece?homepage=true Stakeholders’ growing demand for tax info from MNCs necessitate the maintenance of maximum standards of tax transparency Global tax environment has entered a
In big relief, 75-plus need not file IT returns from AY22-23 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/in-big-relief-75-plus-need-not-file-it-returns-from-ay22-23/article36292991.ece?homepage=true The bank will deduct TDS and issue Form 16 to the senior citizen – istock.com/lakshmiprasad S The bank will deduct TDS and issue
IT and IT – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/it-portal-centre-infosys-it-infra-taxpayers-gst-portal-e-governance-govt-projects/article36141630.ece The tax portal glitches highlight deficiencies in the process of awarding e-governance contracts It is most unflattering to see a country that corners
Sold unlisted shares? Know the tax implications – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/sold-unlisted-shares-know-the-tax-implications/2324027/ As equity shares of a company are considered as capital assets, selling such shares would either result in a capital gain or capital
Madras High Court sets aside order questioning effectiveness of E-Proceeding facility
Clipped from: https://taxguru.in/income-tax/madras-high-court-sets-order-questioning-effectiveness-e-proceeding-facility.html DCIT Vs Salem Sree Ramavilas Chit Company Private Limited (Madras High Court) The Deputy Commissioner of Income Tax (Appellant) has filed the current appeal against Order
CBDT notifies rules to calculate taxable interest in provident fund accounts | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/cbdt-income-tax-rule-provident-fund-7484731/ According to the Income-tax (25th Amendment) Rules, 2021, for the purpose of calculation of taxable interest, separate accounts within the provident fund account
No addition for bogus purchases in case of lack of enquiry by AO–TAXGURU.IN
Clipped from: https://taxguru.in/income-tax/addition-bogus-purchases-case-lack-enquiry-ao.html Supertechforgings (India) Pvt. Ltd. Vs DCIT (ITAT Amritsar) Conclusion: Additions made for alleged bogus purchase bills by AO was not justified as AO
Reassessment restrained in 79 cases for not following section 148A procedure–TAXGURU.IN
Clipped from: https://taxguru.in/income-tax/reassessment-restrained-79-cases-following-section-148a-procedure.html Tarun Goel Vs ITO (Delhi High Court) Conclusion: Revenue authorities were restrained from continuing with reassessment till further orders with respect to notices issued
Income Tax Return: With glitches in e-filing site yet to be removed, due date extension looks inevitable – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-with-glitches-in-e-filing-site-yet-to-be-removed-due-date-extension-looks-inevitable/2322014/ Finance Minister Nirmala Sitharaman has given Infosys a final deadline of September 15 to remove all the glitches from the new e-filing site.
60-65 small- to mid-sized companies on I-T radar for TDS mismatch | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/60-65-small-to-mid-sized-companies-on-i-t-radar-for-tds-mismatch-121083001100_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 These companies had reported healthy advance tax payments According to sources, taxmen have observed a mismatch in TDS payments from at least 60-65
Make sure you don’t miss extended tax filing deadline: Analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/make-sure-you-don-t-miss-extended-tax-filing-deadline-analysts-121090100044_1.html The new deadlines for uploading declarations in Form 15G/15H for Q1 is November 30. For Q2, the deadline is December 31 While submitting
IT and IT – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/it-portal-centre-infosys-it-infra-taxpayers-gst-portal-e-governance-govt-projects/article36141630.ece The tax portal glitches highlight deficiencies in the process of awarding e-governance contracts It is most unflattering to see a country that corners
Income Tax Return filing for AY 2021-22: Before ITR filing, check things to do and documents required – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-filing-for-ay-2021-22-before-itr-filing-check-things-to-do-and-documents-required/2308502/ Income Tax Return filing for AY 2021-22: ITR filing is mandatory for individuals if their taxable income is more than Rs 250,000 per
India Inc will not get call for extra tax in March: Revenue Secretary – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/india-inc-will-not-get-call-for-extra-tax-in-march/article35851464.ece?homepage=true DIPAM Secretary says it’s a 1991 moment for public sector enterprises Revenue Secretary Tarun Bajaj assured India Inc that the tax department will
The repeal of the retrospective tax shows Modi government means business on reforms | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/the-repeal-of-the-retrospective-tax-shows-modi-government-means-business-on-reforms-7447879/ The end to the retro tax is also a pointer to more capital reforms to come. China’s GDP growth peaked more than a
2012, 2021 & our future: Tax certainty is critical if the economy is to attract enough capital to grow at 7%-8% for decades
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-edit-page/2012-2021-our-future-tax-certainty-is-critical-if-the-economy-is-to-attract-enough-capital-to-grow-at-7-8-for-decades/Neelkanth Mishra The writer is co-head of Asia Pacific Strategy and India Strategist for Credit Suisse Hard as it is forming a view of
NRI investments: 2 expert modes NRIs can use to invest in Indian markets, using home currency advantage – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/invest/2-expert-modes-to-invest-in-indian-markets-using-home-currency-advantage/articleshow/85169911.cmsSynopsis With a changed world of tech-enabled banking, secured payments and flexible country regulations, investment purchases in India transpire miraculously smoothly, all online in
NRI investments: 2 expert modes NRIs can use to invest in Indian markets, using home currency advantage – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/invest/2-expert-modes-to-invest-in-indian-markets-using-home-currency-advantage/articleshow/85169911.cmsSynopsis With a changed world of tech-enabled banking, secured payments and flexible country regulations, investment purchases in India transpire miraculously smoothly, all online in
INCOME TAX: Senior citizens can claim tax deduction on medical expenses up to Rs 50,000 – The Financial Express
lipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-senior-citizens-can-claim-tax-deduction-on-medical-expenses-up-to-rs-50000/2307454/ According to Section 80D of the Income Tax Act, senior citizens may avail a deduction of up to Rs 50,000 for payment of
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