Clipped from: https://www.financialexpress.com/money/income-tax/before-claiming-section-80c-income-tax-deduction-be-aware-of-these-conditions/2267264/ All of us avail tax benefits under Section 80C of the Income Tax Act, but only a few are aware that these benefits
Category: Income Tax
Your Queries – Income Tax: Grandfathering provision doesn’t affect set-off of long term capital loss from equity – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-grandfathering-provision-doesnt-affect-set-off-of-long-term-capital-loss-from-equity/2266933/ One needs to file ITR only when gross total income in a financial year exceeds the basic exemption limit. Income from share trading
Revenge spending: Auditors are facing a new challenge – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/consultancy-/-audit/revenge-spending-auditors-are-facing-a-new-challenge/articleshow/83328817.cms SynopsisGoing concern is a concept in auditing where auditors have to raise red flags for heavily debt ridden or other companies on whether
New I-T portal to make filing returns, refunds less taxing – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/new-i-t-portal-to-make-filing-returns-refunds-less-taxing/article34755683.ece All actions will be displayed on a single dashboard for the follow-up by taxpayer Over the weekend, income-tax payers were greeted with SMS
G7 makes a good start on tax reform – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/g7-makes-a-good-start-on-tax-reform/articleshow/83288635.cmsSynopsis Often, MNCs are known to shift their tax liability by assigning a share of costs and profits to a subsidiary in a low-tax
How to manage money, asset transfers after untimely death of a dear one – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/plan/how-to-manage-money-asset-transfers-after-untimely-death-of-a-dear-one/articleshow/83257677.cmsSynopsis Rules related to the transfer of money/asset in the name of a nominee or legal heir varies. Before being able to access any
What now for the G7 tax deal on multinationals? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/business/what-now-for-the-g7-tax-deal-on-multinationals/articleshow/83309870.cmsSynopsis Hailed as historic by its backers, the deal nonetheless contains much detail that still needs to be hammered out in time for countries
I-T dept launches new e-filing portal, asks taxpayers to update mobile number, email ID – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/i-t-dept-launches-new-e-filing-portal-asks-taxpayers-to-update-mobile-number-email-id/articleshow/83317211.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The income tax department also asked taxpayers to re-register their DSC (Digital Signature Certificate), update personal mobile number and email ID under ‘primary
Global minimum corporate tax: How does one pay ‘right taxes at the right place’? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/global-minimum-corporate-tax-how-does-one-pay-right-taxes-at-the-right-place/articleshow/83319689.cmsSynopsis A global consensus also ensures that MNCs are not caught between conflicting claims of governments and be subjected to double or multiple taxation.
करावे कर-समाधान : एचयूएफ आणि प्राप्तिकर कायदा | लोकसत्ता
Clipped from: https://www.loksatta.com/arthvrutant-news/hindu-undivided-family-under-the-income-tax-act-zws-70-2491175/ कर नियोजन करताना या बाबींचा विचार करदात्याने केला पाहिजे जेणेकरून कुटुंबाच्या उत्पन्नावर करदात्याला वैयक्तिकरीत्या कर भरावा लागणार नाही. प्रवीण देशपांडे pravin3966@rediffmail.com आता वाचकांकडून
Crypto assets: Hold crypto assets? Here’s how you are going to pay income-tax on it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/hold-crypto-assets-heres-how-you-are-going-to-pay-income-tax-on-it/articleshow/83277122.cmsSynopsis India’s tax authorities have not yet categorized returns from cryptocurrencies under any specific bracket and there have been no judicial precedents in this
All about global minimum tax, and what it means for India and the world – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/international/all-about-global-minimum-tax-and-what-it-means-for-india-and-the-world/articleshow/83277456.cmsSynopsis Why a global minimum tax? Major economies are aiming to discourage multinationals from shifting profits — and tax revenues — to low-tax countries
The great Indian tax paradox: Can the tax mop-up keep its pace in the current fiscal? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/the-great-indian-tax-paradox-can-the-tax-mop-up-keep-its-pace-in-the-current-fiscal/articleshow/83265391.cmsSynopsis Augmenting tax collection is critical. If the pandemic continues, pro-poor schemes will need more resources. Ramping up the heath infrastructure to prepare for
New e-filing website www.incometax.gov.in Live News: Free ITR software for Forms ITR-1, 2, 4 | new efiling website benefits | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/new-e-filing-website-www-incometax-gov-in-live-updates-benefits-highlights/2266070/ New e-filing website (www.incometax.gov.in) launch: Along with the launch of the new e-filing portal, the Income Tax Department will also provide free of
New online tax payment system, mobile app to be launched later: CBDT | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/new-online-tax-payment-system-mobile-app-to-be-launched-later-cbdt-121060501067_1.html The CBDT said a proposed new online tax payment system and a mobile app on its soon-to-be launched advanced e-filing website will be
India needs to firm up the digital tax pillar before agreeing to global tax reform – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-india-needs-to-firm-up-the-digital-tax-pillar-before-agreeing-to-global-tax-reform/articleshow/83289304.cmsSynopsis Will India and other developing economies gain from the proposed deal? India will gain only with a comprehensive pact that also covers an
Seal a tax deal | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/seal-a-tax-deal-121060600878_1.html Minimum global corporate tax rate solves many problems The group of seven industrialised countries, or G-7, has agreed in principle on what may
G7 makes a good start on tax reform – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/g7-makes-a-good-start-on-tax-reform/articleshow/83288635.cmsSynopsis Often, MNCs are known to shift their tax liability by assigning a share of costs and profits to a subsidiary in a low-tax
New tax portal to make self-filing a breeze but proceed with caution | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/new-tax-portal-to-make-self-filing-a-breeze-but-proceed-with-caution-121060200008_1.html Be doubly cautious if filing via a mobile app The new portal will be integrated with the I-T department’s central processing centre. This
Slump sale regulations could trigger transfer pricing complications for companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/slump-sale-regulations-could-trigger-transfer-pricing-complications-for-companies/articleshow/83253966.cmsSynopsis As per the rules, companies have to follow a particular methodology while valuing assets whenever they undertake a slump sale. However, many companies
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