The new Income Tax Return (ITR) forms for the assessment year 2018-19 were notified today by the Central Board of Direct Taxes that mandated salaried class assessees to provide their
Category: Income Tax
Standard deduction of Rs 40,000 allowed on pension from ex-employers, says I-T Department–Business Today–06.04.2018
Pensioners can also avail the standard deduction of Rs 40,000 that was extended to salaried persons under Budget 2018-19, the taxman has clarified. The Central
Income Tax Return: Income tax return forms for FY 2017-18 released–Economic Times–06.04.2018
CBDT has released the new income tax return forms for filing returns for the financial year 2017-18. The Central Board of Direct Taxes (CBDT) has
Direct tax collections up 17.1%, touch ₹9.95 lakh crore in FY18 – Business Line–03.04.2018
The Centre has “broadly met” its tax collection targets for 2017-18, despite uncertainty from the Goods and Services Tax and is meeting the fiscal deficit
Income tax: How your financial life is going to change completely from April 1 – The Economic Times–01.04.2018
All taxpayers will pay a bit of more tax due to hike in and education cess. Budget 2018 had proposed to hike cess on income
Here’re the key tax changes that will come into effect from April 1, 2018 | Business Standard News–30.03.2018
Several budget proposals including the reintroduction of the tax on long-term capital gains(LTCG) exceeding Rs 100,000 from the sale of shares will kick in from April 1, the beginning
Income Tax alert! Top 3 tasks you need to do by March 31 – Check full list here – The Financial Express–28.03.2018
With just a few days left for the financial year to end, here are three tax related tasks—filing returns of previous years, investing in tax-saving
Income Tax liabilities calculation for FY2017-18: How to do; all you need to know – The Financial Express–28.03.2018
The amount of income tax is calculated on the basis of tax slabs. There are various Income Tax Slabs specified by the government. At this
Made a mistake while filing tax returns? Here’s how you can fix it | Business Standard News–20.03.2018
Every individual whose income exceeds the basic exemption limit of Rs 250,000 must file an income tax return. This limit is Rs 300,000 for those
All you wanted to know about indexation – Business Line–20.03.2018
Stock market investors want it, but the finance minister isn’t keen to grant it. No, we aren’t referring to the part of a book that
TDS on rent and other tax tasks to complete before March 31 – The Economic Times–17.03.2018
There are just a couple of weeks left for the current financial year to come a close, which means that it will be the end
Income Tax Notice: 6 tax notices you may get and how to cope with them – The Financial Express–15.03.2018
While income tax notices may not be as exciting as the fake winning prize notices, they are real and the prize that you will receive
Why a constructive debate has opened up with regard to the imposition of LTCG tax – The Financial Express–15.03.2018
The CBDT is absolutely correct in stating that it was not the Kelkar 2002 task force that recommended the abolishment of the LTCG tax. It
Central Board of Direct Taxes–Little to fear from LTCG-tax regime – The Financial Express–Surabhi Ahluwalia, Official spokesperson, 08.03.2018
LTCG on unlisted equity shares continued to be taxed after providing for indexation. The author has stated “that the LTCG formulation is not only flawed
Long Term Capital Loss-Minhaz Merchant – BW Businessworld–06.03.2018
One of the most puzzling proposals in the 2018-19 Union Budget was the imposition of long term capital gains (LTCG) tax. Finance Minister Arun Jaitley
TDS scam: 447 companies robbed tax department of Rs 3,200 crore, says report–Business Today–06.03.2018
Tax season is yet to really pick up pace in the country but tax scams are already hogging the headlines. Last month it was a
I-T Dept probes Rs 10-bn tax refund fraud by govt and PSU employees | Business Standard News–06.03.2018
With less than a month left for revising income-tax (I-T) returns for 2016-17, the I-T department has unearthed a giant fraud in multiple cities, where
LTCG tax: Gold, real estate may see revival over the next year | Business Standard Column–06.03.2018—–*****
The change in long-term capital gains (LTCG) tax on equity coupled to the related tax on equity-oriented funds could lead to significant changes in investment
Tax Changes [ Income Tax-Corporate Tax–Stamp Duty –LTCG ] : A Balancing Act- Business Today–28.02.2018
The recent buzz about Union Budget 2018 likely to be an election Budget, seems to be somewhat true. The Finance Minister, in his speech, paid
Taxing times?–LTCG–India Today–28.02.2018
The reimposition of long-term capital gains tax (LTCG) on equity investments elicited mixed reactions, but most industry experts believe it will not have a significant
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