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
Category: Income Tax
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
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
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