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Centre set to exceed 11.08 lakh crore direct tax collections: CBDT chief

The tax body has been assigned a revised target of 12.50 lakh crore, CBDT chairman JB Mohapatra said
The Centre aims to collect <span class='webrupee'>₹</span>12.05 lakh crore as direct taxes before the end of this financial year(REUTERS/File Photo)
The Centre aims to collect 12.05 lakh crore as direct taxes before the end of this financial year(REUTERS/File Photo)
Published on Feb 03, 2022 04:01 PM IST
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By | Written by Aryan Prakash

ITR deadline: Check detained steps to file IT returns using new e-filing portal

  • This year, in a bid to make filing ITRs easy and more taxpayer-friendly, the government launched an e-filing portal, using which one can file their ITRs online.
All taxpayers need to file their income tax return (ITR) filing by December 31, 2021.(Representative Image)
All taxpayers need to file their income tax return (ITR) filing by December 31, 2021.(Representative Image)
Published on Dec 06, 2021 11:46 PM IST
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By, Hindustan Times, New Delhi

No ITR filing for some non-residents, foreign investors from FY21 onwards: CBDT

  • The Central Board of Direct Taxes (CBDT) said non-residents, who do not earn any income other than income from investment in 'specified fund', being Alternate Investment Fund Category III located in International Financial Services Centres (IFSC) or GIFT city, shall not be required to file ITR.
In both cases of non-residents and foreign investors, they shall have to ensure that they are exempted from the requirement of obtaining PAN.(Mint Photo)
In both cases of non-residents and foreign investors, they shall have to ensure that they are exempted from the requirement of obtaining PAN.(Mint Photo)
Published on Oct 12, 2021 08:24 PM IST
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PTI | | Posted by Sharangee Dutta, Hindustan Times, New Delhi

Govt orders probe into ‘Pandora Papers’ leak

Post-probe action will be taken against unscrupulous elements as per the Black Money and Imposition of Tax Act, 2015, Union finance ministry said.
“Undisclosed credits of <span class='webrupee'>₹</span>20,352 crore approximately (status as on 15.09.2021) have been detected in the investigations carried out in the Panama and Paradise Papers,” the finance ministry said in a statement.(Mint)
“Undisclosed credits of 20,352 crore approximately (status as on 15.09.2021) have been detected in the investigations carried out in the Panama and Paradise Papers,” the finance ministry said in a statement.(Mint)
Published on Oct 05, 2021 04:03 AM IST
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ByRajeev Jayaswal, Hindustan Times, New Delhi

What's taxable under new EPF rules: All that you need to know 

The CBDT has said that two separate PF accounts need to be maintained with one for taxable contributions, and the other for non-taxable contributions from the ongoing financial year of 2021-22 onwards.
In cases where there is no employer contribution in the EPF account, the threshold will be <span class='webrupee'>₹</span>5 lakh a year.
In cases where there is no employer contribution in the EPF account, the threshold will be 5 lakh a year.
Published on Sep 06, 2021 04:50 PM IST
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Written by Sharangee Dutta | Edited by Avik Roy, Hindustan Times, New Delhi
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Monday, June 27, 2022