Filing your income tax return online this year? 5 points you should know to avoid hassles later.
Now that you know what you must do BEFORE and WHILE filing income tax returns online, here's what you must do AFTER you have filed returns online.
Real estate sector cheers reforms in the Budget.
Finance Minister Arun Jaitley outlined the roadmap of the BJP-led Government for the coming months, saying the Goods and Services Tax (GST) will be a "top priority".
Disclose foreign assets, redesignate NRO a/c and open a Resident Foreign Currency a/c to park forex earnings
FM proposed rationalisation of various tax exemptions.
When the state is unable to provide adequately for the bottom half of the population, should it be giving tax benefits to the well-off?
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.
Aim is to boost sales volumes and increase penetration.
They said that massive public investment in infrastructure, social sectors and agriculture would generate employment and the Union Budget should give it a priority and allocate necessary funds for this.
While Chidambaram kept income tax limit unchanged, he increased the threshold limit by Rs 10,000 giving every assessee a relief of Rs 1,000.
These plans aren't likely to put substantial cash in your hands.
Giving major relief to budding entrepreneurs, the government on Thursday allowed startups to avail tax concession only if total investment including funding from angel investors does not exceed Rs 10 crore.
The government on Monday tabled the much-awaited Direct Taxes Code Bill in the Lok Sabha which proposed to raise the exemption limit on income tax from the current Rs 1,60,000 to Rs 200,000.
24% claim exemption from income tax or say they have no income at all, discovers Manoj K.
You filed your income tax returns for 2017-2018 and think you tax problems are over for now. But have you paid your advance tax this quarter, asks Samkit Maniar.
FM's proposal came under immediate attack from various employees unions
Non-compliance can also result in legal complications and disputes with the tax authorities.
Customs and excise duty rates have been amended mainly to promote Make in India.
It's better to inform your new employer about income earned and deduction availed with the previous one.
The centre's tax revenue grew by 25.94 per cent year-on-year at Rs 52,283 crore (Rs 522.83 billion) during the first quarter of this fiscal due to robust growth in corporation tax and customs duty collections.
The government should exempt micro-insurance from payment of service tax to make products cheaper and encourage penetration of insurance services in low income rural and social sectors, a UN report has suggested.
There are some solid reasons for acquiring a PAN card (if you don't have one) and filing your ITR within the due date, which is 31st July every year.
A simple primer on how much money taxpayers can save under various sections of the Income Tax Act.
Usually July 31 is the last date for filing tax returns. It is important to file the returns on time in order to avoid paying penalty.
Their downside is that the donor relinquishes all control over the transferred property, and certain tax implications may also arise.
It will take over large non-performing assets of banks and help in revive companies ridden with bad debts.
Harsh Roongta, Mahesh Padmanabhan, Anil Rego answer the most sought after questions on Budget Day.
With digital technology, the I-T department's ability to catch tax evaders has increased many times.
On the face of it, there could be a bump up in tax filings, but its impact on tax collections is not that straightforward
The peak rate of 30% applies on annual income of individuals above Rs 10 lakhs.
Air India has relaxed the new norm related to the accumulation of privilege leaves for those employees retiring in the current and next financial years. In March, the Tata Group-owned carrier revised its policy with respect to privilege leaves for both permanent and full-term contract staff to align the policy with prevailing market conditions. From April 1 onward, Privilege Leaves (PLs) accumulation limit for all employees is 60 days in a particular financial year.
Under pressure from textile industry for more concessions, government on Thursday announced more tax sops including raising of excise duty exemption limits for powerloom weavers and readymade garments.
Finance Act, 2019 has made it mandatory for certain categories of taxpayers to file their ITR, even though their income may be below the taxable threshold. read on to find the details.
The government will lose over Rs 53,000 crore (Rs 530 billion) in tax revenue on account of the increase in exemption limits and tweaking of slabs in the Direct Taxes Code Bill, which will come into effect from April 1, 2012, a year behind the previous deadline.
The new 10 per cent dividend tax will be payable only on dividend income over and above Rs 10 lakh threshold in a year, according to an amendment to the Finance Bill 2016 approved by Lok Sabha.
'It is crucial to understand that the ultimate goal of your investments isn't to pay lesser tax, but to create long-term wealth for you and your family,' says Satyen Kothari, founder and CEO, Cube Wealth.
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