Income Tax Rule Changes 2019: The year 2019 brought several good news for income taxpayers as the government introduced multiple changes in the income tax
Category: Income Tax
FM must slash income tax rates, only way to stimulate demand – The Financial Express
Vikram Kirloskar’s advice to the government that personal income tax (PIT) cuts can wait and that it should focus on other areas comes as a
Govt asks tax officials to identify, book tax evaders through data analytics – The Financial Express
To genuine taxpayers who have mistakenly missed out some information in their tax return, tax authorities have provided them an opportunity to submit their revised
TDS on Cash Withdrawal, Payment, Rent, Property: Latest rules for income taxpayers – Explained – The Financial Express
TDS on Cash Withdrawal, Payment, Rent, Property Latest rules: The Central Board of Direct Taxes (CBDT) has extended the due date of payment of tax deducted
It’s time to revisit income tax rates: Bibek Debroy, Chairman PMEAC – The Economic Times
It is time to rationalise GST rates, but it may not happen. This is not a perfect GST. In an ideal GST, all products should
Demonetisation bump over, taxman needs a new plan, quickly – The Financial Express
In the case of personal income taxes, buoyancy levels more than doubled to 2.3 in FY17, and are now back to pre-demonetisation levels. With direct
Selling your property but don’t want to invest in another? Here’s how you can reduce LTCG outgo–Business Today
One can choose the bond route provided under section 54EC of the Income Tax Act Property is one of the most valuable assets one may
GST, Excise & Customs Duty Taxpayers! Here’s how you can check authenticity of tax notice – The Financial Express
Step-by-step guide to verify CBIC-DIN: In a big relief for millions of taxpayers who are required to pay any of the three indirect taxes – GST,
Commerce Ministry considers 5-year extension of income tax benefits for SEZ units – The Hindu BusinessLine
With exports and investments on the slide, the Centre is considering a five-year extension of tax benefits for units in Special Economic Zones (SEZs) by
Companies undergoing restructuring attract taxman’s gaze – The Economic Times
A tax official said that the tax department may not object to a merger or restructuring plan but can still question the treatment of goodwill.
Just 15% of outstanding arrears of corporate tax recovered in five years – The Hindu BusinessLine
The government has been able to recover just 15 per cent of the total outstanding arrears of corporate tax of Rs 20,78,267 crores in the
The SEBI diktat on auditor resignations is welcome – The Hindu BusinessLine
But a remedy needs to be found for auditors who are consistently negligent in their duties Implementing its proposals from its July discussion paper, the
All you wanted to know about E-Assessment – The Hindu BusinessLine
Following the Finance Minister’s announcement that faceless scrutiny will be implemented from Vijayadashami day, i.e. October 8, 2019, the Central Board of Direct Taxes recently
Income tax | Individual residential status: How is the residential status of an individual determined for income tax–Economic Times
The residential status is determined based on the number of days of presence of the taxpayer in India. The residential status of taxpayers plays a
Corporate tax cuts and growth | Business Standard Column
On September 20, Finance Minister Nirmala Sitharaman announced major changes in the structure of taxation for large Indian companies: The basic rate of company income tax was
Income Tax Returns: You can file ITR for FY 18-19 by December 31 – The Financial Express
By Chirag Nangia I missed filing ITR for FY18-19 (AY19-20) as I was abroad from June to August end. Can I file it now with
58,000 cases filtered for e-assessment: CBDT chairman – The Economic Times
Central Board of Direct Taxes (CBDT) chairman PC Mody on Monday said that 58,000 cases have been filtered for electronic assessment for the year 2018-19. “By using
Doesn’t make sense to let go MAT credits: Vedanta’s Pallavi Joshi Bakhru | Business Standard Column
Doesn’t make sense to let go MAT credits: Vedanta’s Pallavi Joshi Bakhru Pallavi Joshi Bakhru, group head taxation, Vedanta Limited, the metals-cum-mining conglomerate, explains why
The macro arithmetic of corporate tax cuts – The Hindu BusinessLine
C Rangarajan / DK Srivastava The changes in corporate income tax (CIT) changes announced last month by the Finance Minister constitute an important milestone in
No MAT credit, additional depreciation if you chose new lower tax rates – The Economic Times
The Central Board of Direct Taxes (CBDT) on Tuesday evening said that companies that opt for the new tax rate will lose out on the Minimum Alternate Tax (MAT)
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