Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-icici-bank-customers-can-download-form-16a-interest-certificate/articleshow/77143765.cmsSynopsis ICICI Bank customers can download the TDS certificates i.e. Form 16A and interest certificates via Net Banking facility. Here is the step by
Category: Income Tax
ITR filing: List of essential documents to finalise tax return – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-filing-list-of-essential-documents-to-finalise-tax-return/articleshow/79579559.cmsSynopsis An individual is not required to submit any documents while filing an income tax return. However, there are several documents that are required
Income tax return: Last date for filing is Dec 31. Here is how to file yours online – business news – Hindustan Times
Clipped from: https://www.hindustantimes.com/business-news/income-tax-return-last-date-for-filing-is-dec-31-here-is-how-to-file-your-online/story-FAJam8pkhTmQKwNhV44Y8I.html According to rules, those who earn Rs 250,000 or more annually are mandatorily required to file ITRs. The limit for senior citizens or
Failed gambit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/weak-outcome-of-vivad-se-vishwas-scheme-highlights-flawed-revenue-assessment-policies/article33438760.ece?homepage=true Weak outcome of Vivad Se Vishwas scheme highlights flawed revenue assessment policies With the last day for declarations under the Vivad Se Vishwas
To tax and to please – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/india-can-well-make-the-claim-of-sovereign-right-to-tax-but-it-shouldnt-do-so-retrospectively/article33431750.ece India can well make the claim of sovereign right to tax, but shouldn’t do so retrospectively The government has decided to contest the
About 40% small businesses say it’s impossible to file tax returns by month end, want extension: LocalCircles – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/about-40-small-businesses-say-its-impossible-to-file-tax-returns-by-month-end-want-extension-localcircles/articleshow/79977398.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis As per the survey 41% of small businesses have said that it would be impossible for them to file income tax returns by
Learning to let go: The Hindu Editorial on retro taxes after Vodafone, Cairn setbacks – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/learning-to-let-go-the-hindu-editorial-on-retro-taxes-after-vodafone-cairn-setbacks/article33413359.ece India must ensure policy stability, and not rely on retrospective laws to levy tax The Permanent Court of Arbitration at The Hague on
Courts taxed by too much litigation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/courts-taxed-by-too-much-litigation/article33419231.ece There are no strict limits on reopening tax assessments. This issue should be resolved, leveraging faceless assessment systems That India is a highly
income tax returns: 3.97 crore ITRs filed for 2019-20 fiscal till December 24 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/3-97-crore-itrs-filed-for-2019-20-fiscal-till-december-24/articleshow/79954067.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “Over 3.97 crore Income Tax Returns have already been filed till 24th of December, 2020. Have you filed yours as yet? If not,
I-T Department cracks down on evaders ignoring calls, messages – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/i-t-department-cracks-down-on-evaders-ignoring-calls-messages/article33412888.ece?homepage=true Over 6,000 assessees, whose ITRs did not match bank transactions, identified Think twice before you decide to ignore a call or message from
Banking on Budget: Some key indirect tax measures govt should focus on | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/banking-on-budget-some-key-indirect-tax-measures-govt-should-focus-on-120122300437_1.html Having multiple GST rates not only leads to complexities in compliance and tax structure, but also does not optically make India tax-friendly and
Arrests for alleged tax evasion isn’t a joke, time taxman gets a new textbook – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-arresting-for-alleged-tax-evasion-is-not-a-knock-knock-joke-time-the-taxman-gets-a-new-textbook/articleshow/79945163.cms Synopsis–Given the fact that arrest under tax laws has become a fairly regular affair, it is necessary that GoI comes out with detailed
Income tax department to zero in on tax evaders under faceless assessment scheme – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/income-tax-department-to-zero-in-on-tax-evaders-under-faceless-assessment-scheme/articleshow/79943835.cms Synopsis–Under the faceless assessment scheme, transactions with the ITRs of taxpayers/entities and selects tax returns for scrutiny that show wide discrepancies in financial
कर बोध – विवरणपत्र : वेळेवर दाखल न केल्यास? | लोकसत्ता
Clipped from: https://www.loksatta.com/arthvrutant-news/article-about-income-tax-return-time-limit-to-file-written-statement-zws-70-2360343/ विवरणपत्र वरील मुदतीत दाखल न केल्यास करदात्याला विवरणपत्र भरण्यापूर्वी विलंब शुल्क भरावे लागेल प्रवीण देशपांडे विलंब शुल्क, व्याजाचा भुर्दंड आणि प्रसंगी कारावासारख्या शिक्षेपासून
I-T reaches out to individuals, firms as the Vivaad Se Vishwas scheme (VSVS) deadline nears – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/i-t-reaches-out-to-individuals-firms-as-the-vivaad-se-vishwas-scheme-vsvs-deadline-nears/articleshow/79803379.cmsSynopsis Assessing officers have identified cases where the I-T department has filed appeals in courts for settlement and in cases where the interest component
Barking up the wrong tree? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/barking-up-the-wrong-tree-120121501323_1.html Instead of pursuing Vivad Se Vishwas, greater focus on collecting tax dues without dispute may yield better results The Union finance ministry is
Big Story | How your salary perks are taxed – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/big-story/how-your-salary-perks-are-taxed/article32931148.ece Your employer might provide you perquisites such as reimbursements, stock options and accommodation. Taxes on these are usually deducted at source by the
ITR Filing: Claim your tax deductions for the extended period under Schedule DI – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/itr-filing-claim-your-tax-deductions-for-the-extended-period-under-schedule-di/2147069/ The claim for deductions and exemptions under Schedule DI will pertain to the investments a taxpayer wants to make for FY 2019-20. Usually,
tax impact on NRIs: What will be tax impact on NRIs stranded in India due to novel coronavirus pandemic – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/business/citigroup-trial-reveals-chain-of-gaffes-that-led-to-the-900-million-blunder/articleshow/79654896.cmsSynopsis At the heart of the breakdown was a system known inside the bank as the “six eyes” approval process. Under the six-eyes protocol,
नोकरदारांसाठी महत्त्वाची बातमी; पुढच्या वर्षीपासून हातात येणार कमी पगार | लोकसत्ता
Clipped from: https://www.loksatta.com/desh-videsh-news/new-wage-rule-to-be-effective-from-1st-april-next-year-your-take-home-salary-may-reduce-bmh-90-2349731/ नवीन वेतन नियम एप्रिलमध्ये होणार लागू संग्रहित छायाचित्र करोना आणि लॉकडाउनमुळे आधीच आर्थिक चणचणीचा सामना करत असलेल्या नोकरदार वर्गाची चिंता आणकी वाढण्याची शक्यता
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