Information details can be viewed under e-verification menu on the Compliance Portal. Many persons who have done high-value transaction in financial year 2017-18, but not yet filed
Category: IT–Corporate Tax–Capital Gains Tax
‘India must become a low-tax-rate, high-tax-compliance nation.. where each citizen pays a moderate rate ’ – The Hindu BusinessLine
As we celebrate our 70th Republic Day, the problems of poverty and destitution still cripple the lives of almost 300 million Indians. As I have
GST: Single rate, fewer exemptions in GST key to boosting India’s tax-to-GDP ratio–Economic Times
India may be eyeing further reforms to lift the tax-to-GDP ratio after putting in place the goods and services tax (GST), one of the country’s biggest policy changes ever.
Haven’t filed I-T returns yet? Beware, Finance Ministry tracking non-filers using data analytics – The Financial Express
Bad news awaits those who have still not filed I-T returns for FY18. The Finance Ministry is identifying and monitoring the candidates who entered into
CBDT directs taxman to withdraw select appeals by month-end – The Economic Times
The CBDT has directed the taxman to withdraw all appeal cases, pertaining to certain monetary limits and parameters, from various courts by this month-end as part of
Review angel tax | Business Standard Editorials
The new notification easing norms for exemption from the so-called angel tax under Section 56 (2) (viiib) of the Income-Tax Act with retrospective effect from April 2016 will afford
Thousands of taxpayers get notices for minor defaults – The Economic Times
Mridula stood shivering outside the magistrate court in Mumbai. It wasn’t the drop in temperature, but the thought that she could land in jail owing
I-T Dept to issue notice where cash transaction is above Rs 20,000 in property purchase – The Economic Times
As per the tax law formulated by the Central Board of Direct Taxes (CBDT), which is effective from June 1, 2015, any transaction in real
Save Income Tax: These new tax laws allow you to save more tax in FY2018-19: Here’s how – The Economic Times
This benefit will be available to those individuals as well who pay health insurance premium for their parents aged 60 years and above. Budget 2018
The devil in the details continues to trip angels – The Financial Express
If the government truly wants to help startups it needs to do a lot more, not in terms of giving them money, but in terms
Old truths, fresh startups | Business Standard Column
Reportage and commentaries on startups attract huge interest, creating as unreal an image about startups as Bollywood and cricket. In a Martian’s reading of our
Angel tax: Centre’s measures are a ‘mixed bag’, say experts – The Hindu BusinessLine
With the latest procedural changes to avail ‘angel tax’ exemption, the Centre has done a fine balancing act in assuaging the concerns of start-ups while
Relief for start-ups; new procedure put in place for ‘angel tax’ exemption – The Hindu BusinessLine
The Modi-led government on Wednesday came out with a new procedure for ‘angel tax’ exemption, bringing relief to the harried ‘start-ups’ in the country and
Higher onus on trade in new audit approach | Business Standard Column
The Central Board of Indirect Taxes and Customs (CBIC) is putting in place a new audit approach, based on the experience gained over years in implementation of Post
Exaggeration of evasion is dangerous | Business Standard Column
Being an ex-insider, I know for certain that evasion of tax is exaggerated by departmental officers. They get brownie points for showing more detection of
कर माझे गळती.. | Loksatta
त्यक्ष करांचा भरणा तिसऱ्या तिमाहीअखेर पुरेसा नाही. तो मार्चपर्यंत वाढण्याची अपेक्षा केली तरी वित्तीय तुटीबाबतच्या चिंतेस कारणे उरतात.. गेल्या काही दिवसांतील राजकीय, न्यायालयीन आणि सांसदीय
Bad news for Modi government ahead of Budget 2019: Direct tax growth lower than estimates in April- December – The Financial Express
The government has been banking on direct tax collection to somewhat bridge the likely deficit in GST collections. The net (post-refunds) direct tax collection for
Income Tax: Taxman on a refunds spree as income tax returns hit record high in FY19
The current fiscal year is likely to be a watershed for income tax compliance and the tax department is returning the favour with quick refunds. The income tax department
Direct tax mop-up rises 14.1% to Rs 8.74 lakh cr during April-Dec 2018 – The Hindu BusinessLine
The Centre’s net direct taxes collections grew 13.6 per cent in April-December 2018 to ₹7.43 lakh crore, official data released on Monday showed. The collections
Benami: Look ahead, have a threshold–Economic Times
India’s tax authorities are reportedly inundated with pleas from various trade bodies to soften the two-year-old law to crack down on benami properties. An outright
