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Salaried class gets little relief despite Rs 40,000 deduction

Finance Minister Arun Jaitley on Thursday provided little relief to salaried class as benefits under the proposed Rs 40,000 standard deduction will be neutralised to a large extent by inclusion of......

Payments taxable under I-T Act not liable for equalisation levy

The government on Monday clarified that transactions involving royalty/ technical services fee would be taxable under income-tax and not be liable for equalisation levy that is paid by foreign......

Income disclosure schemes 20 years apart yield roughly the same

Adjusted for inflation, the earlier scheme would have collected Rs 25,000 crore. Dilasha Seth/Business Standard reports.Illustration: Uttam Ghosh/Rediff.com Union Finance Minister Arun Jaitley's......

I-T returns can now be processed in just 1 day

Under the new system, Infosys will handle end-to-end solution - from e-filing to return assessment to refund processing. The new portal is also expected to process the refunds within one day of......

Decades-old provisions of I-T Act will soon be replaced

A panel will draft direct tax legislation, keeping in mind the system in other countries, international best practices and economic needs of the country. Illustration: Uttam Ghosh/Rediff.com......

Neeru Ahuja

News for Neeru Ahuja

Salaried class gets little relief despite Rs 40,000 deduction

Payments taxable under I-T Act not liable for equalisation levy

Income disclosure schemes 20 years apart yield roughly the same

I-T returns can now be processed in just 1 day

Decades-old provisions of I-T Act will soon be replaced

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