Tue, Dec 31, 2024
Through a circular, the Central Board of Direct Taxes (CBDT) extended the due date for determining the amount payable under the VsV scheme to January 31, 2025, from December 31, 2024.
More >
Tue, Nov 26, 2024
This will be an upgrade of the current PAN/TAN 1.0 ecosystem, consolidating the core and non-core PAN/TAN activities as well as the PAN validation service.
Wed, Nov 13, 2024
There has been a significant increase in income tax compliance in the country with more than five-fold growth in the Rs 50 lakh-plus income category, according to sources.
Fri, Dec 29, 2017
Any income earned via monthly regular income from an employer or ex-employer paid in the given financial year is considered as 'salary income'.
Wed, Dec 27, 2017
If you are a salaried person and earn up to Rs 2.5 lakh, you are not liable to pay any income tax. However, if you earn between Rs 2.5 lakh and Rs 5 lakh, you have to pay 5% income tax.
Mon, Dec 18, 2017
Prime Minister Narendra Modi on November 8, 2016 had announced demonetisation of Rs 1,000 and Rs 500 notes in a major assault on black money, fake currency and corruption.
The SEBI may come down heavily on illicit 'initial coin offers' seeking public investments with promise of high returns from Bitcoins in the absence of any regulatory regime.
Fri, Dec 15, 2017
The move comes after the Income Tax department team carried out a survey at major Bitcoin exchanges across the country on suspicion of alleged tax evasion.
Wed, Dec 13, 2017
Bitcoin is referred as cryptocurrency and would be the first decentralized digital currency, as the system works without a central bank or single administrator.
Tue, Dec 12, 2017
If you miss the first deadlines for advance tax payment, you will have to pay interest, which is computed as 1% interest on the defaulted amount for every month until the tax is paid off completely.
Fri, Dec 08, 2017
The I-T department has made a provision for linking Aadhaar with PAN either through SMS or by logging into their official website.
Sun, Dec 03, 2017
The current deadline for linking the 10-digit alphanumeric PAN (Permanent Account Number), issued by the Income Tax Department, with Aadhaar is December 31.
Tue, Nov 21, 2017
Before investing in penny stocks, investors should keep in their mind a few facts or else would face losses in future as risks involved in this platform is higher.
Sun, Nov 19, 2017
Cairn Energy holds 4.95% stake in Vedanta Ltd that the income tax department had attached in January 2014 after slapping the British firm with a Rs 10,247-crore tax demand over a decade-old internal reorganisation of Indian business.
Wed, Nov 15, 2017
Banks started scanning all the account details of directors who were disqualified by the Ministry of Corporate Affairs as part of alleged shell companies.
Tue, Nov 14, 2017
Sushil Chandra, chairman, Central Board of Direct Taxes (CBDT) said despite closing of I-T returns filing time period, a number of entities and individuals failed to file their tax returns, as required under the 'Operation Clean Money' (OCM) initiated by the government to check black money post demonetisation.
Tue, Nov 07, 2017
In the Union Budget 2017, the government has fixed direct collections target at Rs 9.8 lakh crore. So far, the govt has received Rs 4.39 lakh crore between April - October 2017.
Mon, Oct 09, 2017
Inheritance tax popularly known as estate tax or estate duty was levied at the time of inheriting any assets. It was abolished during the Rajv Gandhi rule in 1985.
Fri, Sep 29, 2017
The Narendra Modi-led government said it is committed to widen the tax net in India. Lower tax slabs were mulled over during the Consultative Committee meet.
Thu, Sep 21, 2017
According to a media report, Income Tax officials began raids at Siddhartha's offices in Mumbai, Bengaluru, Chennai and his hometown Chikmagalur in Karnataka.
Sun, Sep 17, 2017
After the Income Tax department raided 25 premises of seven major onion traders in Lasalgaon, many of the onion traders have stopped the onion auction in a mark of protest.
Wed, Sep 13, 2017
The tax department had last year signed a pact with L&T Infotech for implementation of Project Insight, which is designed to strengthen the non-intrusive information driven approach for improving tax compliance.
Tue, Sep 12, 2017
Four months into this fiscal year and the direct tax collections may have increased but the percentage of personal income tax growth was less than half of the year ago period.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
