The central government on Monday clarified that it has not extended the current financial year 2019-20 which is set to end today March 31. The
Category: Income Tax
Nirmala Sitharaman: Tax filing dates extended, business rules eased, ATM, bank charges waived off in Covid relief measures. Here are key announcements by Nirmala Sitharaman – The Economic Times
Here are the key announcements: Tax measures *For Financial year 2018-19, last date for returns extended to June 30, 2020. Delayed payments made till June
GST Returns date extended: GST Return filing date extended, relief from late fee, penalties–Economic Times
The date for opting for composition scheme has also been extended to June 30, 2020. To provide relief to businesses grappling with the economic impact
Costly delay | Business Standard Editorials
Union Finance Minister Nirmala Sitharaman on Tuesday announced a series of measures that essentially provide or extend a grace period for several payments and regulations.
I-T department asks top corporates, HNIs to settle tax disputes – The Economic Times
MUMBAI: After nudging the central and state public sector units (PSUs) to avail of the Vivad se Vishwas dispute resolution scheme, the income-tax department is
Coronavirus impact on economy: Govt may miss tax, disinvestment mop-up targets this fiscal due to coronavirus – The Economic Times
NEW DELHI: The government is likely to fall short of its revenue collection estimates in the current fiscal and may face challenges meeting the same
Vivad se Vishwas FAQs issued: Litigant can get refund under scheme if more tax already paid – The Economic Times
The ‘Vivad se Vishwas’ Scheme aims at dispute resolution in respect of pending income tax litigation. If a tax payer availing the income tax dispute
Let Taxpayers Take Own Call on Merits–Economic Times
The government should tread with caution in its drive to garner revenues from the new tax amnesty scheme ‘Vivad Se Vishwas’, which offers some tax
Vivad Se Vishwas Scheme: I-T department draws up list of PSUs to settle tax disputes
MUMBAI: The Income Tax department has drawn up a list of central and state public sector units (PSUs) and tabulated the exact disputed tax demand
Licence to harass | Business Standard Editorials
The Union government is looking to raise a significant amount of revenue through its Vivaad Se Vishwas scheme, announced in the Budget. Union Finance Minister
Rid dividend tax of all uncertainty–Economic Times
Nothing is certain, it is said, except death and taxes. But the budget proposal to scrap the dividend distribution tax (DDT) levied on companies and
Centre sets eyes on Rs 3 lakh crore from tax amnesty | Deccan Herald
The revenue-starved Centre is awaiting a windfall of close to Rs 3 lakh crore before March 31 from the one-time direct tax amnesty scheme announced
Is the new Income Tax dispute settlement scheme attractive enough? – The Economic Times
According to the I-T Act, sleuths can either survey or search a place for undisclosed wealth. In layman’s terms, these operations are usually called a
Vivaad se Vishwas gives chance to slay demonetisation demons – The Economic Times
MUMBAI: The new Vivaad se Vishwas tax litigation settlement scheme appears to have come as a blessing for those who came under scrutiny following demonetisation,
income tax: Post tax, Rs 5 lakh income will be higher than Rs 5.16 lakh: Here’s why – The Economic Times
Individuals, whose income just exceeds Rs 5 lakh, would be liable to pay more tax than the amount by which their income exceeds Rs 5
कर बोध : अर्थसंकल्प आणि गुंतवणूक रणनीती |लोकसत्ता
प्रवीण देशपांडे अर्थसंकल्पातील शेअर्स आणि म्युच्युअल फंडातील गुंतवणुकीच्या संदर्भात महत्त्वाच्या बदलांचा वेध.. यंदाच्या अर्थसंकल्पात सुचविलेल्या या बदलांमुळे गुंतवणुकीवर भराव्या लागणाऱ्या करावर परिणाम झाला आहे. या
Income Tax: Budget does not sweeten the deal for homebuyers – The Financial Express
By Suraj Nangia & Shailesh Kumar Over the past few years, the government has been driving an objective of ‘Housing for All by 2022’, giving
Taxing targets | Business Standard Editorials
It has now become a regular feature of India’s fiscal management. First, the government sets an overly ambitious target for revenue mobilisation, and when the
tax news: Faceless tax assessment system prone to errors: HC – The Economic Times
Mumbai: The Madras High Court in a recent order has opined that the faceless tax-assessment system “can lead to erroneous assessment, if officers are not
Why a simplified tax regime is the need of the hour – The Economic Times
Tax rules must be clear-cut if the government wants to lower tax arrears. Listed companies have no incentive really to hide their income, given that
