The introduction of GST has slightly dampened the ‘brand value’ of other taxes such as Income Tax. This can be attributed to the fact that
Category: Income Tax
Tax Alerts – The Hindu BusinessLine
The Ministry of Corporate Affairs has made it mandatory for all directors to fulfil KYC obligations through a specific form called DIR-3 KYC. The form
income tax return Information of income tax return | कर-बोध : विवरणपत्र मुदतीत भरले नाही.. | Loksatta
तरी ही गोष्ट शक्य आहे! प्रवीण देशपांडे * प्रश्न : मी नोव्हेंबर २०१५ मध्ये एक घर विकले होते आणि या विक्रीवर मला ३२,५०,००० रुपये इतका दीर्घ
More reform, fewer taxes can curb black money | analysis | Hindustan Times
Illicit money may now be shifting from Switzerland to elsewhere rather than going down. Data on this is hard to come by since many banks
Income Tax return: Know who can opt for presumptive taxation scheme – The Financial Express
The deadline to file ITR for the financial year 2017-18 has been extended to August 31, 2018. It’s that time of the year when individual
CBDT expands scope of tax audit process – The Financial Express
One of the amendments requires reporting on separate expenditure incurred on entities registered under the GST and those that are outside the ambit. The Central
CBDT’s decision to not pursue cases below Rs 2 mn may cost govt Rs 100 bn | Business Standard News
The Central Board of Direct Taxes’ (CBDT’s) decision to not pursue pending cases of income tax (I-T) demand below Rs 2 million could deprive the
5 confusing pairs of income tax terms – The Economic Times
Form 16 lists the total salary received and the taxable income arrived at after relevant exemptions and deductions. Do you know the difference between financial
Gift taxation | ITR: This year gifts have to be declared in ITR: Here’s how they are taxed
This article will talk about the how gifts are taxed in India and the related disclosure in the tax returns. By Sudhakar Sethuraman and Vibha
Have doubts with filing your income-tax returns? – Business Line
Income Tax e-filing: How to right a wrong return We answer a few basic questions that will help you go through the process in a
Taxability of the gifts you receive – Business Line
There is no separate law governing taxability of gifts in India A gift is generally understood to mean an item given voluntarily to someone without
Keep your date with the taxman – Business Line
Miss the July 31 tax-return filing deadline at your peril July 31: a date that’s earned many of us the Late Lateef tag, a date
Gift taxation | ITR: This year gifts have to be declared in ITR: Here’s how they are taxed
By Sudhakar Sethuraman and Vibha Bhaskar The new income tax return forms notified for the tax year 2017-2018 have come up with the required disclosure of gifts.
Income Tax: Benefit of capital gains not available on commercial property – The Financial Express
The due date of filing of Income Tax Return for FY 2015-16 has expired. We have sold hospital commercial premises for Rs 75 lakh in
Income Tax: Did you get notice under Section 143(1) (a) of I-T Act? Here is what it means – The Financial Express
When a difference of income arises in income tax return with the Form 16, Form 16A and Form 26AS in case of salaried income, Capital
Higher threshold for tax appeals will give relief to small units: Piyush Goyal – The Economic Times
The government’s move to increase the monetary threshold for filing appeals in tax cases will give relief to small and medium businesses, acting finance minister Piyush
A checklist for filing IT returns – Business Line
Select the correct ITR form; know the heads of income and the deductions available It is that time of the year when taxpayers are busy
Incurred a capital loss? Here is how you can set it off in your tax returns | Business Standard News–05.07.2018—-*****
Saving money for your future is always good. With this intention, most of us make investments in various assets to build wealth over a period of time. Investments in
Here are the financial issues that NRIs might face on their return to India | Business Standard News–05.07.2018—-*****
Placement firms in India have witnessed a spike in applications from US-based tech workers. “Around 60,000-100,000 people could be affected in the short run by
ITR4 for FY2017-18: The Sugam return filing tool for self-employed – The Economic Times–27.06.2018
Running an enterprise or professional set-up is considered difficult in India due to the complicated taxation rules and accounting procedures. This discourages many budding entrepreneurs
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