Clipped from: https://www.thehindubusinessline.com/economy/i-t-refunds-worth-176-lakh-cr-issued-till-january-18/article33623057.ece?homepage=true Of this, personal income tax refunds of ₹58,631 crore have been issued in 1,62,39,742 cases The Income Tax department on Wednesday said it
Category: Income Tax
CBIC calls for ‘disciplinary’ action in case of appeal dismissed on account of late filing – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/cbic-calls-for-disciplinary-action-in-case-of-appeal-dismissed-on-account-of-late-filing/article33617935.ece?homepage=true Officials told to strictly adhere to timeline in filing appeals/ petitions before courts or tribunal The Central Board of Indirect Taxes & Customs
करावे कर-समाधान : चढय़ा शेअर बाजारात विक्रीच्या विचारात असाल तर.. | लोकसत्ता
Clipped from: https://www.loksatta.com/arthvrutant-news/capital-gains-tax-capital-gain-tax-on-shares-zws-70-2381670/ भांडवली नफ्यावरील कर आकारणी जाणून घ्या! भांडवली नफ्यावरील कर आकारणी जाणून घ्या! प्रवीण देशपांडे मागील काही दिवसात शेअर बाजारात तेजी दिसून येत आहे
Cleaning up taxes | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/cleaning-up-taxes-121011801532_1.html Govt must seize opportunity to reform holes in tax system In the run-up to the Union Budget, the finance ministry must be wrestling
Not the time for big bang tax reform–the economci times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/not-the-time-for-big-bang-tax-reform/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The coming budget offers narrow scope for sweeping
Senior citizens: Strike a balance between tax saving and liquidity | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/senior-citizens-strike-a-balance-between-tax-saving-and-liquidity-121011801444_1.html They must also maximise the utilisation of the higher deductions available to them The government offers several benefits to senior (60-80 years of
Cleaning up taxes | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/cleaning-up-taxes-121011801532_1.html Govt must seize opportunity to reform holes in tax system In the run-up to the Union Budget, the finance ministry must be wrestling
Budget may offer new direct tax dispute resolution framework – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/budget-may-offer-new-direct-tax-dispute-resolution-framework/articleshow/80321893.cmsSynopsis Govt is considering options such as mediation or a permanent dispute resolution system with pre-specified benchmarks on the lines of the ‘Vivad Se
Budget may offer new direct tax dispute resolution framework – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/budget-may-offer-new-direct-tax-dispute-resolution-framework/articleshow/80317756.cmsSynopsis Govt is considering options such as mediation or a permanent dispute resolution system with pre-specified benchmarks on the lines of the ‘Vivad Se
Late income-tax returns surge slows direct tax mop-up contraction | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/late-income-tax-returns-surge-slows-direct-tax-mop-up-contraction-121011500037_1.html Net collection stands at Rs 6.57 trn, compared with Rs 7.24 trn a year ago A surge in filing income-tax returns for the financial year
Gujarat HC declines to interfere in CBDT’s order of not extending due date of Audit Reports – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gujarat-hc-declines-to-interfere-in-cbdts-order-of-not-extending-due-date-of-audit-reports/article33575916.ece?homepage=true Gujarat High Court has decided not to overrule the order by Central Board of Direct Taxes (CBDT) related to the due date for
Now, I-T Dept unveils faceless penalty scheme – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/now-i-t-dept-unveils-faceless-penalty-scheme/article33568767.ece Will set up national, regional centres to conduct e-proceedings and impose penalties As a corollary to faceless assessment and faceless appeal scheme, the
income tax returns: 5% more income tax returns filed this year – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/5-more-income-tax-returns-filed-this-year/articleshow/80231571.cmsSynopsis Over 5.95 crore income tax returns (ITRs) for the fiscal year ended March 31, 2020 (2019-20) were filed by January 10, the Income
income tax: CBDT rejects all representations for further extension of ITR due date – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cbdt-rejects-all-representations-for-further-extension-of-itr-due-date/articleshow/80219698.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The order was passed in compliance with the directions of the Gujarat High Court that had directed the finance ministry to look into
Income Tax Return: Visiting 80D page is a must even if you don’t have health insurance – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-visiting-80d-page-is-a-must-even-if-you-dont-have-health-insurance/2167907/ In case an assessee has incurred the expenses allowed as deductions u/s 80D for his/her parents, he/she may also claim deductions for the
How to check income tax return status | Check ITR Filing Status
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-check-income-tax-return-status/articleshow/60856625.cmsSynopsis Once the income tax return is filed by you, the income tax department processes your return and is required to send you the
Income tax notice response: How to respond to income tax notice online
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-respond-to-an-income-tax-demand-notice/articleshow/60286178.cmsSynopsis While processing your ITR, if the assessing officer finds that you have paid less tax than what he has calculated, you will be
How to read tax intimation notice under section 143(1) – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-filing-how-to-read-tax-intimation-notice-under-section-1431/articleshow/70875246.cmsSynopsis This notice is sent to you on your registered email ID to inform you whether income tax calculation in the ITR filed by
5 reasons you could get an income tax notice and how to deal with it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/5-reasons-you-could-get-an-income-tax-notice-and-how-to-deal-with-it/articleshow/79811868.cmsSynopsis Once you have filed your income tax return, the income tax department processes your tax return. If a discrepancy is found, the department
Income Tax dept surveys Flipkart arm, Swiggy on charges of tax evasion by associated vendors – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/income-tax-dept-surveys-flipkart-arm-swiggy-on-charges-of-tax-evasion-by-associated-vendors/2166650/ Tax officials said the action was undertaken at the offices of the two entities– Instakart and Swiggy– in Bengaluru, apart from the office
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