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Hero MotoCorp Faces Rs 26.4 Crore Tax Demand

Hero MotoCorp Faces Rs 26.4 Crore Tax Demand

Fri, Jan 03, 2025

Hero MotoCorp has been handed an additional tax demand of Rs 26.4 crore. In this video, we discuss the details of the tax demand and its potential impact on the company's financial situati

Income Tax Savings: How you can save up to Rs 8 lakh tax through these 10 methods

Income Tax Savings: How you can save up to Rs 8 lakh tax through these 10 methods

Tue, Dec 17, 2024

How to save tax: With the right strategy and investment, anyone can save up to Rs 8 lakh in income tax. Here are 10 effective ways that will not only help you keep more of your income but also support your financial planning.

Zomato gets Rs 803.4 crore tax demand from GST authorities

Zomato gets Rs 803.4 crore tax demand from GST authorities

Thu, Dec 12, 2024

Food delivery aggregator Zomato on Thursday said the GST department in Thane has imposed a tax demand of Rs 803.4 crore, including interest and penalty. The demand order has been received in respect of non-payment of GST on delivery charges with interest and penalty thereon, Zomato said in a regulatory filing.

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Important alert from SEBI! Link Aadhaar with PAN till THIS date, else it will become INVALID - Check process to do it on income tax website www.incometaxindiaefiling.gov.in

Important alert from SEBI! Link Aadhaar with PAN till THIS date, else it will become INVALID - Check process to do it on income tax website www.incometaxindiaefiling.gov.in

Fri, Sep 03, 2021

The market regulator has also mentioned that all the existing investors are advised to ensure linking of their PAN with Aadhaar number prior to September 30, 2021 or any other date specified by CBDT

Income Tax Alert – LAST DATE for payment under Vivad se Vishwas Act EXTENDED - CBDT takes step because of THIS REASON

Income Tax Alert – LAST DATE for payment under Vivad se Vishwas Act EXTENDED - CBDT takes step because of THIS REASON

Sun, Aug 29, 2021

“Under The Direct Tax Vivad se Vishwas Act 2020 (hereinafter referred to as “Vivad se Vishwas Act”), the amount payable by the declarant is stated in the table under section 3 of the Vivad se Vishwas Act,” this release said

Income Tax Portal – Finance Ministry SUMMONS Infosys MD & CEO Salil Parekh on prevailing glitches; e-portal issues NOT RESOLVED even after 2.5 months, says IT department tweet

Income Tax Portal – Finance Ministry SUMMONS Infosys MD & CEO Salil Parekh on prevailing glitches; e-portal issues NOT RESOLVED even after 2.5 months, says IT department tweet

Sun, Aug 22, 2021

Income Tax Portal - Indian Ministry of Finance has summoned Salil Parekh, the Managing Director (MD) and Chief Executive Officer (CEO) of Infosys on 23 August to seek explanation regarding the prevailing glitches in the new income tax portal, an official Twitter Handle of Income Tax India @IncomeTaxIndia said

Taxpayers ALERT: IT REFUND worth Rs 47,318 cr issued between April and August; charged excess interest, late fee? Income Tax REFUND coming soon for you too

Taxpayers ALERT: IT REFUND worth Rs 47,318 cr issued between April and August; charged excess interest, late fee? Income Tax REFUND coming soon for you too

Sat, Aug 14, 2021

The deadline for filing ITR for the last financial year was extended to September 30, 2021, in a bid to provide relief to taxpayers amid the pandemic.

Taxpayers alert! GOOD NEWS - Income Tax has this important message for you | Excess interest and late fee refund confirmed

Taxpayers alert! GOOD NEWS - Income Tax has this important message for you | Excess interest and late fee refund confirmed

Wed, Aug 11, 2021

The last date for filing ITR for last financial year has been extended till September 30, 2021, from July 31 to give taxpayers compliance relief during the pandemic.

Income Tax Payers ALERT: CBDT issues refunds of over Rs 45,896 crore between April 1 and August 2; also check extended DUE DATES for e-filing of various forms

Income Tax Payers ALERT: CBDT issues refunds of over Rs 45,896 crore between April 1 and August 2; also check extended DUE DATES for e-filing of various forms

Sat, Aug 07, 2021

The Central Board of Direct Taxes issued Income tax and corporate tax refunds of Rs 13,694 crore in 20,12,802 cases & Rs. 32,203 crore cases, respectively.

Salaried employees ALERT! How salary, allowances, retirement benefits are taxed? What are exempted? Here is Income Tax Department GUIDE for you

Salaried employees ALERT! How salary, allowances, retirement benefits are taxed? What are exempted? Here is Income Tax Department GUIDE for you

Thu, Aug 05, 2021

As per the information provided by the Income Tax Department, section 17 of the Income-Tax Act defines the term ‘salary’. Generally whatever is received by an employee from an employer in cash, kind or as a facility (perquisite) is considered as salary.

EXPLAINED: How to save Income Tax if you are doing freelancing with a regular job

EXPLAINED: How to save Income Tax if you are doing freelancing with a regular job

Wed, Jul 28, 2021

In the present era, especially in the wake of first and second coronavirus waves, undertaking jobs on a freelance basis has become one of the most promising patterns of working/work culture.

ITR Filing ALERT! File your Income Tax Return with new mobile app; Know installation process, features and more

ITR Filing ALERT! File your Income Tax Return with new mobile app; Know installation process, features and more

Tue, Jul 27, 2021

The mobile app has various other features like Locate a Tax Return Preparer near you, Tools for calculating your taxes, ASK IT - A ChatBot, Tax Gyaan - A Game

161st Income Tax Day: Honest taxpayers deserve to be recognized for their contribution in nation building, says FM Nirmala Sitharaman

161st Income Tax Day: Honest taxpayers deserve to be recognized for their contribution in nation building, says FM Nirmala Sitharaman

Sat, Jul 24, 2021

Central Board of Direct Taxes (CBDT) celebrated the 161st anniversary of Income Tax Day on Saturday, July 24

Income Tax: When do you have to pay tax? Income below which there is no need to pay tax? Check details here

Income Tax: When do you have to pay tax? Income below which there is no need to pay tax? Check details here

Wed, Jul 21, 2021

Section 14 of the Income-tax Act has classified the income of a taxpayer under five different heads of income that is salaries, income from house property, profits and gains of business or profession, capital gains and income from other sources.

Income Tax ALERT! Infosys acknowledged technical issues in www.Incometax.Gov.In portal, initial glitches mitigated, says Finance Ministry

Income Tax ALERT! Infosys acknowledged technical issues in www.Incometax.Gov.In portal, initial glitches mitigated, says Finance Ministry

Tue, Jul 20, 2021

The portal www.Incometax.Gov.In had a bumpy start from the day of its launch on June 7 as taxpayers, tax professionals and other stakeholders reported glitches in its functioning.

How to get INSTANT PAN! Apply for e-PAN on new Income Tax website - Full process, steps here

How to get INSTANT PAN! Apply for e-PAN on new Income Tax website - Full process, steps here

Tue, Jul 06, 2021

Permanent Account Number abbreviated as PAN is a unique 10-digit alphanumeric number issued by the Income Tax Department to Indian taxpayers.

Payments made in advance may not absolve you from TDS/TCS provisions

Payments made in advance may not absolve you from TDS/TCS provisions

Fri, Jul 02, 2021

Buyers will have to deduct tax at source at 0.1 per cent of the amount paid for goods for all purchases made during the year post-June 30, 2021 if the value of purchases or advance payments during the year between April and June exceeds Rs 50 lakh.

ITAT e-filing portal: Income Tax Appellate Tribunal president explains how it will enable taxpayers file online appeals, says a step towards paperless court room

ITAT e-filing portal: Income Tax Appellate Tribunal president explains how it will enable taxpayers file online appeals, says a step towards paperless court room

Sat, Jun 26, 2021

Taking a step towards Digital India and bringing in more transparency and comfort, Union Law Minister Ravi Shankar Prasad on Friday launched e-filing portal of Income Tax Appellate Tribunal (ITAT).

No Income Tax scrutiny on cash deposits up to Rs 2.5 lakh by housewives post Demo: ITAT

No Income Tax scrutiny on cash deposits up to Rs 2.5 lakh by housewives post Demo: ITAT

Wed, Jun 23, 2021

Cash deposits of up to Rs 2.5 lakh by housewives post demonetisation will not come under I-T scrutiny as the Income Tax Appellate Tribunal (ITAT) has held that such deposits cannot be treated as income of the assessee.

Tax portal glitches: ICAI makes presentations to Finmin officials, Infosys representatives

Tax portal glitches: ICAI makes presentations to Finmin officials, Infosys representatives

Tue, Jun 22, 2021

Chartered accountants' apex body ICAI on Tuesday made presentations on various issues being faced on the new Income Tax e-filing portal during a meeting with finance ministry officials and Infosys representatives.

Are You Liable for Income Tax on Your Video Games Income?

Are You Liable for Income Tax on Your Video Games Income?

Tue, Jun 22, 2021

India’s booming gaming market, worth $ 930 million, is the largest in the world. In the recent past, online rummy, poker, and other real-money internet games have experienced rapid growth. Gamers who earn money from online gaming must pay taxes on their earnings. The popularity of professional gaming has increased over the years, with some players making millions of dollars

Taxpayers ALERT: ITR non-filers list! Haven't filed Income Tax returns for 2 years? Get ready to pay higher TDS/TCS from July 1

Taxpayers ALERT: ITR non-filers list! Haven't filed Income Tax returns for 2 years? Get ready to pay higher TDS/TCS from July 1

Tue, Jun 22, 2021

There is a big alert for taxpayers. The Income Tax department has developed a system to identify non-filers of income tax. These tax escapees will be identified and levied higher TDS.

Income Tax: Are you a senior citizen or super senior citizen? Know the benefits offered to you

Income Tax: Are you a senior citizen or super senior citizen? Know the benefits offered to you

Mon, Jun 21, 2021

Every individual who is earning is required to pay income tax as per the income tax slab. Certain exemptions are also provided by the government on the tax. However, senior citizens and a very/super senior citizen are granted a higher exemption limit as compared to normal taxpayers.

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