Prospective home buyers may face dilemma in deciding if it would be a financially prudent decision to buy a property or to keep on staying
Category: Income Tax
Yes, only 15 million Indians pay tax; but who is to blame for this? | Business Standard Column
The prime minister has drawn attention to the fact that only 15 million people in India pay income tax. He is right to complain, since more than
home loan interest rate: New tax regime allows deduction of interest on home loan on rental property – The Economic Times
By Abhishek Soni For taxpayers who have an on-going home loan, the interest paid on such loans helps them to lower their tax-outgo in the
income tax exemption: Incomes that are exempted under the proposed new tax regime – The Economic Times
At the time of retirement, many companies offer payment in lieu of leaves that are not taken. An individual taxpayer opting for the new tax regime would
FM holds meeting with industry on direct tax dispute resolution scheme – The Economic Times
NEW DELHI: Finance Minister Nirmala Sitharaman on Monday met industry representatives on the proposed direct tax dispute resolution scheme that provides opportunity to taxpayers to pay outstanding taxes and get waiver
Budget 2020: Vivad Se Vishwas Bill – moving towards a disputeless tax–Business Today
The introduction of the bill in the Lok Sabha on February 5 has garnered renewed hope amongst taxpayers and authorities of settling long-standing disputes in
A clarification: Lost in detail–Economic Times
By Sachin Dave If one were to pass by a conference room in one of the country’s best tax consultancies in Mumbai, one would think a
Grandfathering option to provide relief to taxpayers: FM – The Hindu BusinessLine
Nirmala Sitharaman also hinted that there could be some ‘grandfathering option’ that could be made available to investors who have made long term investments, keeping
No one will be a loser in the new income-tax regime, says Revenue Secretary – The Hindu BusinessLine
‘New regime will benefit those who were not able to take advantage of exemptions’ Revenue Secretary Ajay Bhushan Pandey on Sunday made it clear that
Finance ministry expects at least 80 per cent of taxpayers to move to new tax regime – The Economic Times
Mumbai: The finance ministry expects at least 80 per cent of the taxpayers to move to the new income tax regime, Revenue Secretary Ajay Bhushan Pandey said on Friday.
Budget 2020: Vivad Se Vishwas Bill – moving towards a disputeless tax regime–Business Today
The introduction of the bill in the Lok Sabha on February 5 has garnered renewed hope amongst taxpayers and authorities of settling long-standing disputes in
Tax dispute settlement scheme details: No penalty, interest if you settle tax dispute by Mar 31 – The Economic Times
Taxpayer availing the benefit on or after April 1, 2020, then thirty per cent of disputed interest or disputed penalty or disputed fee will be
Budget 2020: Not all can switch back to old system once moved to new tax regime–Business Today
Individual tax payers will be able to choose between old tax regime and new tax regime Individual income tax payers will be free to choose
Budget 2020: FM Nirmala Sitharaman should make taxpayer-friendly announcements like pre-filled ITR forms–Business Today
Budget 2020: Taxpayers expect a helping hand as far as filing tax returns are concerned Budget 2020: Finance minister Nirmala Sitharaman in her budget speech of 2019-20, quoted the
Budget 2020: Pre-filled ITR forms to take the pain out of filing income tax returns–Business Today
Union Budget 2020: Pre-filled income tax return forms might become a reality soon Budget 2020: If income tax return filing is a headache for you,
Budget 2020: 5 personal taxation rules announced in FM Nirmala Sitharaman’s speech explained–Business Today
Budget 2020: FM Nirmala Sitharaman with an intent of reducing the hassles and simplifying the current tax regime has proposed a few changes and has
Income Tax Slab Impact on Senior Citizens: Will proposed new income tax slabs rates benefit senior citizens? Here’s the answer
The new lower income tax rate regime proposed in budget 2020 does not provide a higher tax exemption limit for resident senior and super senior citizens, unlike
Ajay Bhushan Pandey: Avail scheme to get out of demonetisation jam: Revenue secy Ajay Bhushan Pandey – The Economic Times
Individuals who received the income tax notices following demonetisation in 2016 will be able to take advantage of the amnesty scheme announced in the budget, revenue secretary Ajay Bhushan Pandey said. These will
India faces first fall in direct taxes in at least two decades: Report – The Economic Times
The tax officials also say that a surprise cut in headline corporate tax rate last year aimed at wooing manufacturers and boosting investment in Asia’s
Arbitrary or excessive tax results in “social injustice” by a govt: CJI Bobde – The Financial Express
Justice Bobde emphasised on the use of next generation technology artificial intelligence to expedite the process with caution that it should not replace the human
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