Clipped from: https://www.thehindubusinessline.com/opinion/too-much-onus-on-tax-deductors/article33733832.ece They cannot be expected to track the non-filers Where income tax is deductible at source, the person responsible for deducting is required to
Category: Income Tax
Info-based assessments will help reduce harassment of taxpayers: PC Mody, CBDT chairman – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/info-based-assessments-will-help-reduce-harassment-of-taxpayers-pc-mody-cbdt-chairman/articleshow/80660999.cmsSynopsis The provision, announced in the budget for 2021-22 on Monday, along with limiting the time to three years from six years for opening
Stricter rules for non-complaint taxpayers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/budget/budget-stricter-rules-for-non-complaint-taxpayers/article33727244.ece?homepage=true Will suffer a higher rate of tax deduction at source On one hand where the Finance Minister had proposed the easing of certain
About 23% of tax disputes amounting to ₹95,000 cr settled under ‘Vivad se Vishwas’: CBDT chairman – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/about-23-of-tax-disputes-amounting-to-95000-cr-settled-under-vivad-se-vishwas-cbdt-chairman/article33729697.ece?homepage=true A disputed amount of ₹95,000 crore has been settled by about 1.20 lakh entities who opted for the ‘Vivad se Vishwas’ scheme to
Key Budget 2021 proposals on direct tax front – The Financial Express
Clipped from: https://www.financialexpress.com/budget/key-budget-2021-proposals-on-direct-tax-front/2184237/ On the direct tax front, the FM has given great relief by not increasing the rate. For the first time, the taxpayers may
6 key budget proposals taxpayers should be aware of – -BUDGET 2021: The Financial Express
Clipped from: https://www.financialexpress.com/budget/budget-2021-6-key-budget-proposals-taxpayers-should-be-aware-of/2184687/ Union Budget 2021-22: Here’s a look at some budget proposals which may impact the salaried class and the common man. Union Budget 2021-22: Keeping
Tax axe on big-ticket PF – -UNION BUDGET 2021: The Financial Express
Clipped from: https://www.financialexpress.com/budget/union-budget-2021-tax-axe-on-big-ticket-pf/2185305/ Interest accrued on PF contributions by employees of more than `2.5 lakh annually to be taxed The Budget has proposed that the interest
Interest earned on PF contributions above Rs 2.5 lakh is taxable now – How you will get impacted – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/interest-earned-on-pf-contributions-above-rs-2-5-lakh-is-taxable-now-how-you-will-get-impacted/2185771/ Since we do not have a social security system in our country, why should the government discourage anyone from contributing a higher amount
ITR, Belated Income tax Return Filing AY 2021-22: Income Tax Return filing due date AY 2021-22 extended for these taxpayers; belated ITR deadline cut | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-filing-due-date-ay-2021-22-extended-for-these-taxpayers-belated-itr-deadline-cut/2185637/ ITR, Belated Income tax Return Filing AY 2021-22: Proposed changes to be effective from April 1, 2021 and accordingly apply for the assessment
What Budget 2021 had in store for individual taxpayers – The Financial Express
Clipped from: https://www.financialexpress.com/budget/what-budget-2021-had-in-store-for-individual-taxpayers/2185933/ While no changes have been proposed to the individual tax rates, the Finance Minister accorded relief in the form of ease of compliance
करावे कर-समाधान : दीर्घावधीच्या भांडवली तोटय़ाची वजावट, दीर्घावधीच्या भांडवली नफ्यातूनच! | लोकसत्ता
Clipped from: https://www.loksatta.com/arthvrutant-news/long-term-capital-loss-deduction-only-from-long-term-capital-gains-abn-97-2391293/ करोना, टाळेबंदी, मंदावलेली अर्थव्यवस्था या पार्श्वभूमीवर अर्थसंकल्पातून काय बदल केले जाणार आहेत याकडे सर्वाचे लक्ष लागले आहे (संग्रहित छायाचित्र) प्रवीण देशपांडे करोना, टाळेबंदी,
Key income tax announcements for taxpayers | BUDGET 2021 |–Deccan Herald
Clipped from: https://www.deccanherald.com/business/union-budget/budget-2021-key-income-tax-announcements-for-taxpayers-946139.html The time limit for reopening of income tax assessment cases has been reduced to three years from six years India unveiled a massive spending
Here’s how I-T return filing will become simpler now | BUDGET 2021: –The Indian Express
Clipped from: https://indianexpress.com/article/business/budget/budget-2021-i-t-return-filing-7169925/ In yet another major announcement, the Government has sought to reduce the compliance burden on senior citizens by exempting those above 75 years
Budget 2021 top proposals explained–indian express
Clipped from: https://indianexpress.com/article/explained/explained-what-top-budget-2021-proposals-are-trying-to-do-7169789/ Budget 2021 explained: Finance Minister Nirmala Sitharaman proposed many new measures in the Budget 2021 to prop up the flagging economy amid the
Budget 2021 eases startup funding; FM extends eligibility for claiming tax holiday, capital gains exemption – The Financial Express
Clipped from: https://www.financialexpress.com/budget/budget-2021-eases-startup-funding-fm-extends-eligibility-for-claiming-tax-holiday-capital-gains-exemption/2184235/ Union Budget 2021 India: A company or an LLP incorporated on or before March 31, 2022 (earlier terminal date of March 31, 2021)
revised ITR filing deadline | belated ITR filing deadline: 3 months less to file belated, revised ITR now: Deadline for filing ITR voluntarily is now Dec 31–economic times
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/3-months-less-to-file-belated-revised-itr-now-deadline-for-filing-itr-voluntarily-is-now-dec-31/articleshow/80631000.cmsSynopsis The deadline of March 31 for voluntarily filing of ITR (also the deadline for filing belated ITR) is proposed to be shifted forward
15th Finance Commission keeps tax devolution to states at 42%, suggests fiscal deficit glide path – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/15th-finance-commission-keeps-tax-devolution-to-states-at-42-suggests-fiscal-deficit-glide-path/articleshow/80629623.cmsSynopsis Finance Commission is a constitutional body that gives suggestions on Centre-state financial relations. The report of the 15th Finance Commission was tabled in
income tax slab: No changes in income tax slabs, rates, deductions, exemptions in Budget 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/no-changes-in-income-tax-slabs-rates-deductions-exemptions-in-budget-2021/articleshow/80628697.cmsSynopsis With no change in the basic exemption limit, income tax slabs and rates, an individual tax payer will continue to pay the tax
LTC Cash Voucher Scheme notified in Budget 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/ltc-cash-voucher-scheme-notified-in-budget-2021/articleshow/80630267.cmsSynopsis The benefit of the LTC Cash Voucher scheme is available in the old tax regime. If an individual opts for the new tax
Tax benefit on mergers and acquisitions withdrawn – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/tax-benefit-on-mergers-and-acquisitions-withdrawn/articleshow/80629225.cmsSynopsis The government in the Budget 2021 said that no depreciation would be allowed on goodwill. Up until now many companies would end up
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