The income tax department on Tuesday said its new utility developed to help TDS deductors and TCS collectors identify non-filers or "specified persons" on whom higher rate of taxes will be levied will help ease compliance burden. From July 1, non-filers of income tax returns for the past two fiscal years would be subjected to higher tax deducted at source (TDS) and tax collected at source (TCS) rate if such tax deduction was Rs 50,000 or more in each of those two years. The provision was introduced in the 2021 Budget. The TDS deductors and TCS collectors would be required to check on the functionality of the PAN of the vendor from whom TDS is to be deducted or TCS to be collected, only at the beginning of the financial year.
Finance Minister Nirmala Sitharaman on Tuesday reviewed with Infosys officials the technical glitches that continue to mar the new income tax e-filing portal. Sitharaman, along with Minister of State for Finance Anurag Thakur, revenue secretary Tarun Bajaj, CBDT chairman Jagannath Mohapatra and other senior ministry officials, went point by point on the issues facing the new portal with officials of Infosys - the vendor which developed the site. While there was no official word on what transpired at the meeting, a statement issued by the Institute of Chartered Accountants of India (ICAI) said "the technical glitches shall be addressed fast". ICAI representatives attended the meeting on Tuesday.
England were booed by some of their fans in two friendlies while Ireland were jeered in Hungary for kneeling before kickoff
"Somewhat surprisingly, Indian-Americans born in the United States are much more likely to report being victims of discrimination than their foreign-born counterparts," said the report.
In a bid to connect with the youth, the Sports Ministry invited suggestions to make India a sports superpower on the MyGov website.
This year's theme is 'Yoga at Home and Yoga with Family' and people will be able to join the celebrations virtually at 7 am on June 21. The Indian missions abroad are trying to reach out to the people through digital media as well as through the network of institutions which support yoga, officials said.
The Indian Space Research Organisation has released the first images of India's heaviest rocket, referred to as "Bahubali" days before it ferries India's Chandrayaan-2 into space. India's most ambitious space mission yet, Chandrayaan-2, which aims to place a robotic rover on the moon, will be launched on July 15 at 2:51 am. Here's all you need to know about the rocket.
Investors should keep updating their personal and bank details with fund houses. They should also opt for the auto-pay facility so that the dividend proceeds get credited into their account directly, advises Bindisha Sarang.
Let's take a look at most well-liked consumer brands of 2012.
The Centre has asked all states to set up special search committees to find out talented people who could be nominated for Padma awards but so far have been left out of consideration despite their exceptional contributions.
The exponential number of downloads can be attributed to a call by Prime Minister Narendra Modi, asking people to have the app on their mobiles, combined with the government's push for downloading of the app through other channels, reports Neha Alawadhi.
The calculator, with a comparative table to compare taxes in the old and the new tax regime, for resident individuals (financial year 2020-21) has been hosted on the official e-filing website of the department -- https://www.incometaxindiaefiling.gov.in.
Deepika Padukone beat five-time winner Priyanka Chopra to bag the title this year.
62% of residents in north India look at the change favourably after the implementation of a new tariff order by Trai, finds research report on the migration on consumer TV viewing behaviour.
'Every time you put on a mask and take the mask off and adjust the fit, you are putting additional fatigue on the materials.'
Kerala's Pinarayi Vijayan is a cut above the rest in Indian politics today, precisely in his remarkable ability to look beyond the horizon. His was probably the only government that began planning for the incoming pandemic as early as in February, notes M K Bhadrakumar.
China may accord recognition to the new government in Kabul at an early opportunity, predicts Ambassador M K Bhadrakumar
In a most perverse example of tax bullying, someone I know has got by three such notices reopening his assessment minutes before the midnight deadline of June 30, reveals Debashis Basu.
Indians are more vulnerable to technology support-related scams compared to the global average, and lost over Rs 15,000 on average in such scam, a Microsoft research has found. According to the 2021 Global Tech Support Scam Research report, which looks at tech support scams and their impact, consumers in India experienced a relatively high scam encounter rate of 69 per cent during the past 12 months, close to the 70 per cent rate experienced in 2018. In contrast, there was an overall five-point drop in scam encounters globally with a rate of 59 per cent over the same period. The survey was conducted in Spring 2021 and asked consumers to share their experiences with tech support scams for the year prior (January 2020 to present).
Go cashless. Go clean, say I=T to people.
About 50 lakh people have registered themselves on the Co-WIN portal, without any system glitch, since the window opened Monday morning, the Centre said Tuesday, adding that over 2.08 lakh beneficiaries above 60 or those aged 45-60 with comorbidities have received the first dose of COVID-19 vaccine till this afternoon.
The Singapore Airlines agreed to fly the stranded passengers to India, as there is no scheduled Air India flight for Thursday.
'He is not a person to challenge the government.' 'He is a man who is known to go with the flow' Aditi Phadnis reports.
>Last year too, the PM invited people to share their ideas and inputs to be included in his Independence Day address.
State governments will spend close to a staggering Rs 15,000 crore (Rs 150 billion) on computing their operations over the next five years, a Nasscom study has predicted
As part of the ritual, ''halwa'' is prepared in a big ''kadhai'' (large frying pot) and served to the entire staff involved in the Budget making exercise of the ministry. Halwa was served while maintaining COVID protocol with all present in mask and those distributing sweets were wearing gloves.
Reddy -- an Indian-American from Telangana who wrote the speech that outlined Biden's goals for his administration, focusing on healing from the current state of division in national politics -- has been praised for his "calming" and "inspiring" words.
General Bajwa, unlike many of his predecessors, believes the Pakistan army's long-term interests lie in reducing tensions with India, reports Ajai Shukla.
A bench headed by Chief Justice S A Bobde asked senior lawyer Mahesh Jethmalani, appearing for PIL petitioners Shashank Shekhar Jha and journalist Savio Rodrigues, to withdraw the plea and approach the high court.
I urge you all to watch the special moments of Chandrayaan-2 descending on to the Lunar South Pole! Do share your photos on social media. I will re-tweet some of them too," the prime minister wrote on Twitter.
The nature of the adverse reaction and when the development took place were not initially clear, although the participant is expected to recover, said an individual familiar with the matter.
Ignore negativity, harness positive energy on social media: PM
A majority of urban Pakistanis believe that the person killed by US special forces during a raid in the garrison city of Abbottabad on Monday was not Osama bin Laden, according to a survey.
The income tax department on Friday warned against indulging in cash transaction of Rs 2 lakh or more, saying that the receiver of the amount will have to cough up an equal amount as penalty.
The firm, headed by Sunil Kumar Gupta, was appointed auditors of the PM's National Relief Fund in 2019, reports Archis Mohan
Indian-Americans have relatively more conservative views of policies in India while on issues affecting the US, the diaspora has a more liberal take, according to a survey of the political attitudes of the influential community in this country.
As per norms, the returns have to be filed online on www.aces.gov.in.
On the couple's reference to unnamed royals raising concerns over their son Archie's mixed-race heritage, the palace said the concerning issues of race would be addressed privately as a family matter.
Why are the poor turning Right instead of turning toward far-Left parties, ponders Pranab Bardhan.
He will celebrate the festival with ITBP personnel at Mana, the last village on Indian territory along the border with China, official sources said on Friday.
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