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
Category: Income Tax
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
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
Income Tax Return: Know the key changes in ITR Forms, filing processes before you start – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-know-the-key-changes-in-itr-forms-filing-processes-before-you-start/2265499/ Apart from a change in the e-filing site, some changes are also made in the ITR Forms for AY 2021-22, as well as
Income Tax Return: Know the key changes in ITR Forms, filing processes before you start – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-know-the-key-changes-in-itr-forms-filing-processes-before-you-start/2265499/ Apart from a change in the e-filing site, some changes are also made in the ITR Forms for AY 2021-22, as well as
Get tax refunds faster now! I-T department to launch new portal on Jun 7–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/get-tax-refunds-faster-now-i-t-department-to-launch-new-portal-on-jun-7/story/440936.html The new taxpayer-friendly portal will be integrated with immediate processing of Income Tax Returns (ITRs) to issue quick refunds to taxpayers, CBDT said.
Simplify the Tax: Put more cash in taxpayers’ hands – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/simplify-the-tax-put-more-cash-in-taxpayers-hands/2264740/ The government should increase the Section 80G deduction limit from 10% to 30% for this year The government should consider doubling the limits
Excise duty mop-up up by 62% in FY21, highest during Modi regime – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/excise-duty-mop-up-up-by-62-in-fy21-highest-during-modi-regime/article34719631.ece Petrol, diesel shore up govt’s revenues to ₹3.89-lakh crore The Centre has collected over ₹3.89-lakh crore through central excise duty during FY21; this
ICAI issues exposure draft of self-evaluation matrix for audit firms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/icai-issues-exposure-draft-of-self-evaluation-matrix-for-audit-firms/article34716686.ece Centre for Audit Quality expected to issue the final version on July 1 The CA Institute has now set the ball rolling on
FEMA and the Income-tax Act: Understanding your tax obligations before you move abroad – Compliance with FEMA | The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/invest/fema-and-the-income-tax-act-understanding-your-tax-obligations-before-you-move-abroad/compliance-with-fema/slideshow/83204678.cms 1/5 Compliance with FEMA According to an article by Archit Gupta, Founder and CEO, ClearTax, any person moving abroad or coming back to
Income Tax Return: From mobile app to new payment options – know benefits of new e-filing site – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-from-mobile-app-to-new-payment-options-know-benefits-of-new-e-filing-site/2263115/ The ITR filing process will resume from June 7, 2021, a day after launch of the new e-filing site – incometax.gov.in – on
Cannot adjust LTCG gains against payments for flat made over 5 years – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-cannot-adjust-ltcg-gains-against-payments-for-flat-made-over-5-years/2262545/ The long-term capital gains from sale of a residential house property (held for more than 24 months) can be claimed as exemption under
All about MF dividend plan nomenclatures – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/simply-put-mf-dividend-plan-nomenclatures/article34678819.ece Under dividend option, certain portion of the capital can be distributed as dividend College mates discuss money, politics and life over a video
Is flat registration must for claiming long term capital gains? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-is-flat-registration-must-for-claiming-long-term-capital-gains/article34679745.ece I have a flat in one of projects of Amrapali Group in Noida. The builder did not complete the projects on time and
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