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Declaring Advance Taxes Paid

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Don't Want IT Notice? Read This NOW!

Tax evaders, BEWARE!The Income Tax department is using AI data analytics to bust fake deductions, flag HRA fraud, and trace digital footprints. Kindly note this illustration generated using......

Justice Khanna to take oath as CJI on Monday, Justice Chandrachud retires

Justice Sanjiv Khanna, who has been part of several landmark Supreme Court judgements such as scrapping the electoral bonds scheme and upholding abrogation of Article 370, will be sworn in as the......

Siddaramaiah hands over controversial watch to assembly speaker

Mired in a controversy over a luxury watch gifted to him, Chief Minister Siddaramaiah on Wednesday handed it over to the speaker amid uproar in the state assembly, declaring it a state asset. As......

Karnataka CM in hot water after video of man tying his laces goes viral

In an embarrassment to Karnataka Chief Minister Siddaramaiah, a video of a person tying his shoelaces at an event has gone viral, prompting the Bharatiya Janata Party to dub him as......

Congress Challenge: Keep Siddaramaiah, Shivakumar Happy

There are lessons for the Congress to learn from the Karnataka elections of how burying the hatchet among top leaders and not washing dirty linen in public can help, says Ramesh Menon. IMAGE:......

All you want to know about advance tax

September 15 is the deadline for paying the second instalment of advance tax. This is income-tax (I-T) taxpayers need to pay every quarter, instead of a lump sum at the end of the year.......

Documents you must keep handy to file income tax returns

The Income-Tax (I-T) Department nowadays provides pre-filled forms to make the filing of income-tax return (ITR) easier. Illustration: Uttam Ghosh/Rediff.com Nonetheless, you must have a number of......

Direct tax collection inches closer to revised Budget target for 2021-21

CBDT now requires just Rs 84,700 crore to achieve the current fiscal year’s revised Budget target of Rs 9.05 trillion. Illustration: Dominic Xavier/Rediff.com Providing comfort to the......

The carrot for tax compliance

The tax department’s various initiatives to coax individuals to pay taxes haven’t succeeded in the past. This time too, making on-time return filing a status symbol might not work......

Govt wisens up, plugs holes in 2nd black money scheme

The PMGKY will not allow declarants to use claims made for refunds for advance taxes paid, tax deducted at source and tax collected under the scheme. Illustration: Uttam Ghosh/Rediff.com. Unlike......

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