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.
Category: Income Tax
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
How India can fix its problem of not collecting enough taxes – The Economic Times
When Budget Day approaches, the discussion turns to tax cuts and the fiscal deficit. India simply does not collect as much tax as it should.
A tax cut for you in Budget won’t give India the boost it needs – The Economic Times
The annual real GDP growth estimated by the CSO at 5% for FY20 is the lowest since FY09, the year of the global economic and
Income tax department lets ‘deserving’ assessees to pay up 20% tax demand in parts – The Economic Times
MUMBAI: What does the taxman do when the money market dries up and businesses struggle? It tries to figure out a way to inch towards
Income Tax Slab changes | Budget 2020 should cut income tax slabs, offer tax breaks to boost investment: EY–Economic Times
By Shalini Jain Individual taxpayers are hoping for some beneficial tax reforms in the upcoming Budget 2020 to restitute economic sentiments. We have recently seen
Moral hazard | Business Standard Editorials
The government is reportedly planning to come up with an immunity scheme for direct tax assessees in the upcoming Budget. The scheme will allow them
ITR Filing New Eligibility Rules: Check out the latest ITR1 eligibility norms for FY2019-20–Economic Times
CBDT is yet to notify the ITR forms for the individuals who are not eligible for ITR-1. In a surprise move, the income tax department
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Tax Department rolls back order; allows joint property owners to file returns using simple forms – The Economic Times
The department said the issue was examined and “it has been decided to allow a person, who jointly owns a single house property, to file
Tax Dept allows joint property owners to file returns using simple forms | Business Standard News
Rolling back its week old order, the Income Tax Department on Thursday allowed joint owners of single house property to file income tax return using
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