Tax payable by you on the net taxable income will depend on the income tax slab applicable to your income. Every year we are required
Category: Income Tax
Here is how you can save money, time and effort by paying presumptive tax | Business Standard News–06.05.2018
With times evolving, a large part of today’s taxpayers works for itself rather than taking the conventional 9-to-5 job. It is common to see people
Avoiding TDS with 15G and 15H – Business Line–06.05.2018
Some things, you must not delay. A visit to the dentist, for instance. Also, submitting Form 15G or 15H if you are eligible to. Being
From third-party rights to arbitration, here are the key court orders | Business Standard News–30.04.2018
Interim relief for tea garden workers The Supreme Court has asked four state governments to pay interim relief to tea estate workers, some of whom denied wages
Govt mops up Rs 1.5 lakh crore additional tax, to chase 65 lakh non-filers – Times of India–30.04.2018
The Union government’s drive towards higher compliance has already helped it garner additional Rs 1.5 lakh crore in direct taxes during 2017-18 and get a
ITR 6–‘Taxing’ returns – Business Line–27.04.2018
The new Form ITR-6 requires too much of info From time immemorial, taxes in India have been split into direct taxes (income tax) and indirect
Flipkart | ITAT: Flipkart dodges a Rs 110 crore tax demand as ITAT rules in its favour–Economic Times–26.04.2018
In a relief to Flipkart the Income Tax Appellate Tribunal (ITAT) in Bengaluru on Tuesday rejected the revenue department’s argument that discounts dolled out by the e-commerce major should
TDS: When and how should a tenant deduct TDS on rent paid to landlord? – The Economic Times–24.04.2018
By Shubham Agrawal and Vinay Dwivedi Tenants have to deduct TDS if the rent exceeds a limit. Shubham Agrawal & ET Wealth tell you how to do it. Who should deduct
Income Tax Penalty: How income tax department can penalise you for under-reporting, misreporting income–Economic Times–20.04.2018—–*****
Under-reporting income or inflating deductions/exemptions in income tax return can attract heavy penalties ranging from 50% to 200% of tax evaded, say experts. An advisory issued yesterday
New ITR forms: How the changes will affect you when you file your returns | Business Standard News–20.04.2018—-*****
The income tax department has released the ITR forms for income tax return filing for the Financial Year (FY) 2017-18. Even though only the PDF version has
Stringent verification – New ITR forms: Things you shouldn’t miss | The Economic Times–16.04.2018
Increased focus on combating tax evasion Text: Amarpal S. Chadha, Tax Partner & India Mobility Leader, EY The Government’s focus on e-assessments is an effort
Tax exemption for start-ups on investments up to ₹10 cr – Business Line–14.04.2018
Responding to a long-standing demand from the industry, the government has relaxed the rules for angel tax exemption for start-ups by making entities incorporated before
Capital gains tax exemption valid even if housing loan used for new house: ITAT – The Economic Times-13.04.2018
The Kolkata bench of the Income-tax Appellate Tribunal (ITAT) has held that investment-linked capital gains tax exemption, which is available on purchase of a new house,
[ Income Tax ] Far from Saral – Business Line–12.04.2018
Rising disclosure requirements in ITR forms subject taxpayers to unnecessary burden Even as start-ups and their investors fret over the levy of angel tax on
Changes in the ITR Form: Key questions answered | Business Standard News–11.04.2018
The government has notified new Income-Tax Return (ITR) forms for 2018-19. These forms require some additional disclosures from assessees. Archit Gupta helps understand these changes in this
New ITR form seeks salary break-up, more disclosures from taxpayers | Business Standard News–09.04.2018
New ITR forms seek more disclosures The new Income Tax Return (ITR) forms released for the assessment year 2018-19 seek more details from taxpayers than they did in the previous
Income Tax Return: Missed the March 31 deadline to file income tax return? Here’s what you can do–Economic Times–08.04.2018
March 31, 2018 was the deadline to file income tax returns (ITR) for the financial year 2015-16 and 2016-17. In case you haven’t filed your ITR for FYs 2015-16
Income Tax–Pre-populated forms, not more paperwork–Economic Times–08.04.2018
It is unfortunate that the new income-tax return form makes filing of tax returns more cumbersome for salaried taxpayers, whose taxes are assiduously deducted at
CBDT to mine GST data to check evasion – Business Line–08.04.2018
The Income Tax Department wants to mine the GST payments data of businesses to ensure that no income goes untaxed. The Central Board of Direct
New ITR Forms | Income Tax: Income tax department wants to know a little bit more about you–Economic Times–07.04.2018
Certain types of taxpayers are now required to mention registration number of the firm of chartered accountant which has done audit for the tax return.
aniltikotekar4sme.com 