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
Category: Income Tax
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
करबोध : कर नोटीस आली तर.. | लोकसत्ता
रवीण देशपांडे एकदा का विवरणपत्र भरले की काम झाले असे करदात्यांना वाटते. करदात्याने विवरणपत्र दाखल केल्यानंतर प्राप्तिकर खात्याचे काम सुरू होते. यामध्ये विवरणपत्राची पडताळणी आणि
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
High spenders can file income tax returns for AY 21 in Sahaj – The Hindu BusinessLine
Person jointly owning a single house property can file ITR-1, ITR-4 High spenders will now be able to file Income Tax Return (ITR) for Assessment
Income Tax return filing to become more detailed: Here’s what you should be aware of, Video Gallery – Business Standard
The income-tax (I-T) department has made significant changes to the I-T return (ITR) filing forms for the Assessment Year (AY) 2020-21. Every year, the tax
Power bill over Rs 100,000 or owning house jointly? Can’t use ITR-1 form | Business Standard News
Wadhwa said an individual taxpayer could not file returns either in ITR-1 or ITR-4 if he was a joint-owner of a house. The Income Tax
No more cuts in corporate tax: Abhijit Banerjee’s advice to FM – The Economic Times
Nobel laureate Abhijit Banerjee has opposed further cuts in corporate taxes and advocated the need to boost demand. He said the corporate sector is sitting
Tax certainty matters, not just tax rates–Economic Times
India has moved up 20 points in the World Bank’s ease of doing business, but is a laggard, at rank 115, when it comes to
Ease of doing business for NRIs | Business Standard Column
There seems to be a fundamental flaw in the way some of the income tax provisions are administered that hurts non-resident Indians’ (NRI) real estate
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
Note ban ghost comes to haunt jewellers as I-T dept passes recovery orders | Business Standard News
The income-tax (I-T) department has passed recovery orders against thousands of jewellers across the country on their cash deposits after demonetisation of high-value currency in
Income tax changes of 2019: The impact they made on your personal finances – The Economic Times
Another relief for the salaried class was the hike in standard deduction by Rs 10,000 to Rs 50,000. A lot of big things happened on
Income Tax: 5 taxpayer friendly initiatives taken by tax department in 2019–Economic Times
By CA Naveen Wadhwa and CA Tarun Kumar Over the past few years, the government has taken various steps to improve the taxpayers’ experience by
Glitches in ITR processing lead to bloated tax liability on capital gains – The Economic Times
Hundreds of taxpayers are believed to have received notices from the income tax (I-T) department whose systems are unable to process the tax returns correctly. This has
Tax Planning 2020: Income Tax Rules Changes 2019 and how taxpayers will be affected – The Financial Express
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
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
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