After capping anonymous cash donations to political parties at Rs 2,000, the government is amending law to make it mandatory for them to file returns on income by December every year or risk losing tax exemption status.
The state-of-the-art advanced missile, a product of joint venture between India and Israel.
Range preparation for the maiden test of India's indigenously developed nuclear capable 'Agni-V' ballistic missile with a strike range of over 5,000 km is "near complete" and the trial is likely to be held from Wheeler Island off Odisha coast this Wednesday.
Two indigenously developed surface-to surface missiles were planned to be fired from a mobile launcher in salvo mode from the launch complex-3 of ITR as part of user trial by the Army, defence sources said.
The surface-to-surface missile took off from an underground silo at the launch complex-3 in the ITR at about 1428 hours, defence sources said.
IT major Infosys on Thursday acknowledged that some users continue to experience difficulties in accessing the income tax portal and assured that it is working expeditiously, in collaboration with the income tax department to further streamline end-user experience.
The forms for simplified income tax returns are anything but Saral, Sahaj and Sugam: for many readers these would have a familiar ring particularly in the month of July.
In an online chat with readers on July 8, Anil Rego answered their tax queries. Here's the chat transcript in case you missed the chat
Finance Minister Nirmala Sitharaman on Monday conveyed to Infosys CEO Salil Parekh in no uncertain terms the government's "deep disappointment and concern" over the continuing glitches in the new income tax filing portal and set September 15 as the deadline for the software major to resolve all snags. As glitches continued to mar the functioning of the portal even after over two months of its launch, Sitharaman summoned Infosys MD & CEO Parekh at her office here to know the reasons for not resolving the snags in the portal. A statement issued by the Income Tax Department said that during the meeting the finance minister emphasised that there is a need for putting in more resources and efforts on the part of Infosys so that the much delayed delivery of agreed services is ensured.
India successfully testfired its indigenously developed, nuclear-capable, ballistic missile Prithvi-II from the Integrated Test Range at Chandipur, about 15 km from Balasore off the Orissa coast, on Friday.
The tax department will remain a source of endless nightmares for citizens and 'transparent taxation' will remain an empty slogan and a cruel joke, observes Debashis Basu.
Choosing the right ITR form for your income tax return filing can be quite confusing. Investmentyogi simplifies the ITR forms and all the jargon associated with it. Keep it handy for your returns in 2010.
The Finance Ministry is likely to exempt assesses from sharing details of company sponsored foreign trips in the revised Income Tax Return (ITR) forms.
It's that time of the year when the taxman is remembered the most. With just two days left to file tax returns, taxpayers have now awoken to the reality that the due date is at hand.
India on Sunday successfully test-fired its indigenously developed, nuclear-capable, short range ballistic missile (SRBM) Agni-1 from the Integrated Test Range (ITR) at Wheeler Island, about 100 km from Balasore off Orissa coast.
Indigenously developed and beyond visual range (BVR) air-to-air missile 'Astra' was on Monday test-fired from the Integrated Test Range (ITR) at Chandipur in Orissa.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
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.
The government has set a target of adding 1.3 crore income tax filers in the current financial year against 1.1 crore new filers added last year.
The Income Tax department on Tuesday issued an advisory asking taxpayers not to share their personal financial details over email or phone.
The successful test will result in huge savings of replacement cost of missiles held in the inventory of the Indian Armed Forces.
SAAW, an indigenously designed and developed 120 kg class smart weapon, has been developed by the Defence Research and Development Organisation.
We attempt to demystify for the salaried class the two main ITR forms applicable in their case, i.e. Forms ITR-1 and ITR-2.
Unique Identification Authority of India (UIDAI) on Monday appealed people to register or update their mobile numbers in Aadhaar for easy access of various government services online.
India successfully tested the advanced version of Lakhsya, the indigenously built Pilotless Target Aircraft from the Integrated Test Range at Chandipur-on-sea, about 15 km from Balasore, for the third consecutive day on Wednesday.
Check the status and immediately act on it
The new income tax return forms are a bit complicated feels tax expert Mahesh Padmanabhan. However, he suggests ways to overcome your difficulties in filing tax returns for this financial year.
The trick is to know how long you are supposed to hold which document, observes Bindisha Sarang.
If you miss the July 31 deadline, there is a late filing fee of up to Rs 10,000. Also, you cannot file returns beyond March 31, 2019.
Vodafone had however sought Rs 4,759.07 crore in tax refund from for AYs - 2014-15, 2015-16, 2016-17 and 2017-18.
Avoid common mistakes, figure out how to file returns if you invest in stocks and other concerns
You don't need to be intimidated by the thought of filing tax returns
The missile has a strike range of 2000 km, the sources said soon after it blasted off from a mobile launcher at the Launch Complex-4 of the Integrated Test Range, the sources said.
The Panama Paper leaks were originally revealed by the International Consortium of Investigative Journalists on April 4, 2016, following which, the government had set up the MAG to probe the matter.
The trouble for Ashok Lavasa's family began a few months back when his wife, Novel Singhal Lavasa, came under the scanner of the income tax department on charges of alleged tax evasion.
India on Saturday successfully conducted two rounds of trials of its indigenously developed surface-to-air Akash missile as part of a user trial by the Indian Air Force from the Integrated Test Range at Chandipur near Balasore in Odisha.
Today one can easily file returns online.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The missile positioned at launch pad-3 of the ITR swung in to action after getting signal from the radars to intercept a moving aerial target supported by an unmanned air vehicle (UAV) 'Banshee' over the Bay of Bengal, officials said.
