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Sunday, Jul 05, 2020

Income tax act

Apr 30, 2020 23:34
A show cause notice was served to PILCOM for non-deposit of tax liable on these payments as these were considered income accrued in India under Sections 201(1) and 194E of the Income Tax Act. read more
Mar 31, 2020 15:24
Securing a safe financial future includes being on top of your taxes and knowing exactly how ech of your incomes are taxed. read more
Mar 16, 2020 16:51
The Central Board of Direct Taxes (CBDT), that frames policy for the I-T department, had extended the deadline for this task for the eighth time on December 30 last year. read more
Feb 08, 2020 23:12
The CID official submitted the list of as many as 106 such alleged “illegal transactions” done during these years, along with details like purchasers of land, locations, extend of land, sale deed values and mode of payments, etc. to the Income Tax d... read more
Feb 07, 2020 11:18
No other tax-saving product can assure the quantum of savings a home loan can provide. read more
Feb 03, 2020 20:08
Sanadhar Gond, a tribal daily labourer in Pujaribharandi village received the IT notice directing him to pay Rs 2.59 lakh presumptive tax under Section 44 of the Income Tax Act. The income tax officials said the penalty was for an unexplained transaction... read more
Feb 01, 2020 22:16
The FM has been transparent about the fiscal deficit. The effort to improve the credibility of numbers is welcome read more
Feb 01, 2020 16:29
To become a non-resident, an Indian will now have to stay out of the country for 240 days instead of 180 days that was the norm earlier. read more
Feb 01, 2020 14:17
Nirmala Sitharaman told parliament that the government had proposed to remove 70 of more than 100 income tax deductions and exemptions to simplify the tax system and lower tax rates. read more
Jan 31, 2020 11:18
Under Section 80C of the Income Tax Act, borrowers can claim tax exemptions of up to Rs.1.5 lakh on the annual home loan principal repaid. read more
Dec 23, 2019 08:58
Take a step today so that you can meet your financial goals tomorrow, with Bajaj Finserv. read more
Dec 09, 2019 19:49
The IT department imposed a 77% tax penalty on the total amount deposited by the temple administration after demonetization in November and December 2016. It asked the temple management to deposit Rs 2 crores with the department, said an IT officer. read more
Oct 18, 2019 12:47
The order to refund Rs. 788.39 crore arose was issued last week. The dispute has its origin in the assessment order of March this year for 2017-18, the financial year in which the company had suffered huge losses in excess of Rs 6,600 crore. read more
Sep 25, 2019 22:37
Rajit Paints based in Vikas Nagar, is currently the biggest defaulter in the region with the dues running into over \u20B954.3 lakh read more
Sep 19, 2019 08:21
An umbrella body, UFTA, represents 41 associations and unions of goods and passenger segments, out of which Thirty-four associations of autos, taxis, private school buses, maxi cabs, OLA and Uber cabs, cluster buses under STA, Gramin Seva and large commercial... read more