Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/honestly-a-new-code-salaried-taxpayers-bear-disproportionate-burden-goi-must-find-ways-to-make-evaders-pay/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
Category: Income Tax
investment: 5 investment strategies that can help you avoid tax legally, improve your investment returns – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/5-investment-strategies-that-can-help-you-avoid-tax-legally-improve-your-investment-returns/articleshow/84703486.cms SynopsisEarning higher returns is not in the hands of investors. However, they can take steps to minimise their tax outgo. In this cover
करावे कर-समाधान : करपात्र आणि करमुक्त भेटी | लोकसत्ता
Clipped from: https://www.loksatta.com/arthvrutant-news/article-about-tax-on-gifts-income-tax-on-gifts-gift-tax-exemption-zws-70-2533358/ प्राप्तिकर कायद्यानुसार करदात्याला मोबदल्याशिवाय किंवा अपुऱ्या मोबदल्याने मिळालेली संपत्ती त्याच्या करपात्र उत्पन्नात गणली जाते प्रवीण देशपांडे pravin3966@rediffmail.comभेटी देणे आणि घेणे हा आपल्या संस्कृतीचा
Govt must cut number of slabs in Customs duty | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/govt-must-cut-number-of-slabs-in-customs-duty-121072600027_1.html The finance ministry has made a good beginning by reviewing the exemptions with intent to eliminate them The finance ministry has taken up a review
How you use a loan determines tax benefit | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/how-you-use-a-loan-determines-tax-benefit-121072500810_1.html Interest paid on even a loan against property is tax deductible if you can prove that the loan was utilised for your child’s
Several companies, individuals get tax notices as data analytics uncovers gaps in filings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/several-cos-individuals-get-tax-notices-as-data-analytics-uncovers-gaps-in-filings/articleshow/84738929.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The government has used statistics of the last two financial years to create the audit checklist. Tax department have used big data analytics
Income Tax Return filing: 10 important things individual taxpayers must know before filing ITR – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-filing-10-important-things-individual-taxpayers-must-know-before-filing-itr/2296840/ Here are a few important things which individual taxpayers should know before filing their income tax return for AY 2021-22. Taxpayers are required
Targeting taxpayers | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/targeting-taxpayers-121072201549_1.html Tax department should not issue notices indiscriminately The latest dispute between the Income-Tax Department and some assessees is a good example of the
Delhi HC orders CBI probe over mail from ‘DONOTREPLY@incometaxindiaefiling.gov.in’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/delhi-hc-orders-cbi-probe-over-mail-from-donotreplyincometaxindiaefilinggovin/article35413539.ece Assessment Officer denies sending mail from that ID The Delhi High Court ordered a CBI enquiry in a case where an e-mail was
Govt considering options to counter tax-assessment litigations – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/govt-considering-options-to-counter-tax-assessment-litigations/article35441297.ece Delhi HC had stayed operation of I-T reassessment notices issued after March 31 The government is considering various options to counter tax-assessment litigations.
90 unique problems related to new income tax e-filing portal reported: Govt – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/90-unique-problems-related-to-new-income-tax-e-filing-portal-reported-govt/articleshow/84615488.cmsSynopsis This was stated by the minister of state for finance Pankaj Chaudhary in a written reply in Rajya Sabha on July 20, 2021.
Your Queries (Income Tax): Report mutual fund dividends as ‘income from other sources’ in ITR – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-report-mutual-fund-dividends-as-income-from-other-sources-in-itr/2293614/ Income from dividends is classified as income from ‘Other Sources’, accordingly, for AY 2021-22, the same may be reported in ‘Schedule OS’, under
Delhi HC orders CBI probe over mail from ‘DONOTREPLY@incometaxindiaefiling.gov.in’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/delhi-hc-orders-cbi-probe-over-mail-from-donotreplyincometaxindiaefilinggovin/article35413539.ece Assessment Officer denies sending mail from that ID The Delhi High Court ordered a CBI enquiry in a case where an e-mail was
Relief to small companies: Relaxations in compliance with accounting standards – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/relief-to-small-companies-relaxations-in-compliance-with-accounting-standards/articleshow/84542985.cmsSynopsis The new rules will replace existing rules issued in the year 2006 and are applicable from accounting periods commencing on or after 1st
Tax Query: Will unlinked NRI PAN cards become inoperative? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-will-unlinked-nri-pan-cards-become-inoperative/article35385654.ece The Central Board of Direct Taxes has announced that all unlinked PAN cards by June 30, 2021 will be declared as “inoperative”. Does
All you wanted to know about 54EC bonds – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/all-you-wanted-to-know-about-54ec-bonds/article35381540.ece?homepage=true Investments can help you get exemptions of up to ₹50 lakh per year in capital gains tax A popular option for saving long-term capital
Maximise tax benefit on interest income from savings accounts: Analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/maximise-tax-benefit-on-interest-income-from-savings-accounts-analysts-121071501573_1.html For non-senior citizens, the maximum benefit can go up to Rs 17,000 using Section 80TTA and Section 10(15)(i) The maximum benefit an individual
Haven’t been issued Form 16? Here is how you can still file your tax return | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/haven-t-been-issued-form-16-here-is-how-you-can-still-file-your-tax-return-121071600839_1.html The last date for issuing Form 16 extended till July 31 The last date to file your income tax return (ITR) for financial year 2020-21 has
Minimum Tax Rate: A tale of great expectations – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/minimum-tax-rate-a-tale-of-great-expectations/2290490/ The proposed global minimum tax rate likely won’t adversely affect India’s recently-announced concessional rate of 17% for new manufacturing companies An effective MTR
Proposed global tax regime will benefit India: Pascal Saint-Amans, director-tax, OECD – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/proposed-global-tax-regime-will-benefit-india-pascal-saint-amans-director-tax-oecd/articleshow/84429083.cms SynopsisEarlier this month, 130 countries and jurisdictions signed an agreement to reform international tax rules and ensure that multinational enterprises (MNEs) pay their
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