All persons who are allotted a PAN as on July 1, 2017 and eligible for Aadhaar, would need to intimate the Aadhaar number to the
Category: Income Tax
Income from House Property: Rented out your house? Here’s how to calculate income from house property for tax purpose–20.07.2017
By Shalini Jain, Tax Partner, EY India House property comprises any building or land attached thereto which you own. It includes flats, shops, office space,
ITR filing: 7 changes that affect income tax return filing this year–20.07.2017
Like every year, income tax return filing is going to be little different this year as well. So, before you begin filing your income tax
Taxpayer base likely to reach 90 lakh, says GSTN Chairman | Business Line–20.07.2017
The taxpayer base seems to have expanded significantly under the Goods and Services Tax (GST) and the GST Network expects the total registrations for the
[Income Tax Evasion–]Mission clean up | Business Line–20.07.2017
While the Central Board of Excise and Customs is busy issuing Notifications and Circulars in a bid to clear the confusion over various provisions of
I-T dept seeks data of property deals worth Rs 1 cr or more in last 10 yrs | Business Standard News–19.07.2017
Illustration: Ajay Mohanty The income tax (I-T) department has asked all sub-registrars and tehsildars under its jurisdiction in Mumbai to send it details of property
ITR filing: 7 changes that affect income tax return filing this year–Economic Times–19.07.2017
By Abhishek Soni, CA and CEO, Tax2win.in Like every year, income tax return filing is going to be little different this year as well. So,
Want to save on tax? Here are deductions you can use while filing ITR | Business Standard News–18.07.2017
Let’s be honest, if given a choice, none of us would like to pay tax on the income we earn. But we have to and
Demonetisation: 5.5 lakh under I-T lens for deposits after note ban–Economic Times–15.07.2017
Over 5.5 lakh people who deposited cash during the demonetisation drive are set to get a call from the income tax department while another one
Filing income tax return: Form 26AS: What is it and how does it help in filing income tax return?–Economic Times–15.07.2017
By Shalini Jain, Tax Partner, EY India What is Form 26AS Form 26AS is an annual consolidated tax statement that can be accessed from
Under Operation Clean Money II, 6.6 lakh more persons on I-T radar | Business Line–15.07.2017
In hot pursuit of black-money hoarders who may have made high-value cash deposits during the demonetisation window, the Income Tax Department has identified an additional
Confused about income tax return filing? Find answers to all your questions | Business Standard News–13.07.2017
The income tax return (ITR) filing season has already begun – in fact, you now have less than 20 days for filing ITR using the
Investment tips: Here’s how you can reduce tax outgo by setting off losses–Business Line–12.07.2017
No one likes making losses on their investments. It defeats the whole purpose of investing to earn a return. But there are circumstances when asset
I-T fast-tracks disposal of high value litigations – The Economic Times–11.07.2017
With Rs 7.3 lakh crore locked in litigations, the tax department has set December 31 as the deadline for deciding all appeals involving demands of
Arun Jaitley launches ‘Aaykar Setu’ to enhance e-access of taxpayers–Economic Times–11.07.2017
The Income Tax Department has launched an online facility that will enable payment of taxes, tracking of tax deducted at source and filing of applications
More complications in filing income tax returns | Business Standard News–11.07.2017
Until recently, a person didn’t need to file a return if his taxable income was below Rs 2.5 lakh. But this year onwards, it doesn’t
GST impact on real estate: Rental income beyond Rs 20 lakh to attract tax – The Financial Express–11.07.2017
ental income from residential property has been exempt from GST but any earning over Rs 20 lakh annually from renting or leasing for commercial purposes
Alarm bells jangle over ₹6-lakh cr frozen in tax appeals | Business Line–11.07.2017
Revenue locked in appeals with Income Tax Commissioners across India rose in fiscal year 2016-17 to ₹6.11 lakh crore: that’s only marginally less than the
More complications in filing income tax returns–Business Standard–10.07.2017
Until recently, a person didn’t need to file a return if his taxable income was below Rs 2.5 lakh. But this year onwards, it doesn’t
Tax defaulters beware: I-T dept initiates plan to prosecute serial dodgers | Business Standard News–07.07.2017
Seeking to send a stern message, the income tax (I-T) department has initiated a plan to take strident action against tax evaders. This is to
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