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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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New Income Tax System: DECODED! Major overhaul! What is faceless assessment? How it works? What are its benefits?

New Income Tax System: DECODED! Major overhaul! What is faceless assessment? How it works? What are its benefits?

Thu, Aug 13, 2020

Here is all you need to know about 'Transparent Taxation - Honouring The Honest Platform' - faceless income tax assessment system:-

Experts explain: How new transparent taxation platform will help taxpayers and should you expect more?

Experts explain: How new transparent taxation platform will help taxpayers and should you expect more?

Thu, Aug 13, 2020

Prime Minister Narendra Modi on Thursday launched a new the `transparent taxation` platform to further digitise the Income Tax Department’s functioning. It aims to bring into effect faceless assessment of taxpayers, faceless appeals and the Rights` Charter for the taxpayers.

Income Tax alert! CBDT issues this important note - All you need to know

Income Tax alert! CBDT issues this important note - All you need to know

Mon, Aug 10, 2020

In May, the government amended Income Tax rules to state that Indian authorities would "endeavour" to resolve disputes under MAP within a timeframe of 24 months, a move aimed at speedy settlement of cases of MNCs which have opted the alternative dispute resolution process.

Income Tax Calculator-Income From Other Sources: How you are taxed when money derived from mutual fund dividends

Income Tax Calculator-Income From Other Sources: How you are taxed when money derived from mutual fund dividends

Fri, Aug 07, 2020

Income Tax Calculator: From 1st April, 2020, mutual fund dividends received are taxed in the hands of unit holders.

Income Tax scrutiny alert! This is what Finance Ministry has confirmed

Income Tax scrutiny alert! This is what Finance Ministry has confirmed

Wed, Aug 05, 2020

Income Tax Dept is changing-from just enforcement to facilitating better taxpayer services.

Gold selling alert! Want to get cash from your yellow metal? Must know this important fact to avoid losses

Gold selling alert! Want to get cash from your yellow metal? Must know this important fact to avoid losses

Wed, Aug 05, 2020

Gold price is rising and making new highs on a daily basis for the past some days. In such a scenario, those who have investments in physical gold may think of booking profit.

Income Tax alert! Big leap towards transparent tax administration - Faceless e-assessments | What assessees should know

Income Tax alert! Big leap towards transparent tax administration - Faceless e-assessments | What assessees should know

Tue, Aug 04, 2020

Undoubtedly, the Income-Tax department is taking a big leap towards transparent tax administration.

Income Tax alert! CBDT Chairman writes to Principal Chief Commissioners - Check important instructions of the letter

Income Tax alert! CBDT Chairman writes to Principal Chief Commissioners - Check important instructions of the letter

Sun, Aug 02, 2020

In view of the tepid collections proving to be a challenge in meeting tax revenue goals, the CBDT Chairman has written to Principal Chief Commissioners of Income Tax.

Last date for filing ITR - TDS/TCS: Taxpayers must know these important deadlines

Last date for filing ITR - TDS/TCS: Taxpayers must know these important deadlines

Fri, Jul 31, 2020

An important update for all tax payers. The income tax department has extended the due dates for filing the TDS/TCS related compliance. See the nature of compliance and the new due dates notified by the department on 24 June 2020

Income Tax Returns: Last chance to claim Section 80C benefits for FY2019-20

Income Tax Returns: Last chance to claim Section 80C benefits for FY2019-20

Fri, Jul 31, 2020

Income Tax Returns: Last few months have been financially challenging for most salaried employees. Several industries have been forced to either let go of people or cut their salaries.

Good news for Income Taxpayers! CBDT extends last date for filing belated ITR to September 30

Good news for Income Taxpayers! CBDT extends last date for filing belated ITR to September 30

Thu, Jul 30, 2020

In what comes as a good news for the income taxpayers, the Central Board of Direct Taxes (CBDT) has extended the last date for filing belated Income Tax Return (ITR) for the financial year 2018-19 (AY2019-20). The date has been extended from July 31 to September 30, 2020.

Alert! This is how much you will have to pay for late filing of I-T returns, misreporting income

Alert! This is how much you will have to pay for late filing of I-T returns, misreporting income

Wed, Jul 29, 2020

The government had given a major relief to taxpayers by extending several deadlines in the wake of coronavirus pandemic.

Planning to buy second house? Here is how to claim tax benefits on it

Planning to buy second house? Here is how to claim tax benefits on it

Tue, Jul 28, 2020

Buying a house is always a big event in India. People seem to be obsessed with buying property and mostly, home loan comes to their rescue. It gives you the comfort of repaying the amount over a longer period. A lot of people own more than one house.

Filing income tax return? Don’t make these mistakes to ensure you don’t get a tax notice

Filing income tax return? Don’t make these mistakes to ensure you don’t get a tax notice

Thu, Jul 23, 2020

Filing Income Tax Return or ITR is one of the most important financial responsibilities for people with income above Rs 2.5 lakh. The government keeps making changing to the ITR filing process, making the task easier for taxpayers.

Income Tax Notice: Received scrutiny notice? Use faceless assessment scheme to file reply online

Income Tax Notice: Received scrutiny notice? Use faceless assessment scheme to file reply online

Thu, Jul 23, 2020

Do you know about the faceless assessment facility offered by the Income Tax Department? This scheme is offered by the tax department to assessees to file their replies. So if you get a scrutiny notice from the Income Tax Department, don't worry! You need not go to the I-T Office or meet the local I-T Officer to give your reply. You can use the Faceless Assessment Scheme and file your reply online

PPF Account: Turn yourself into a crorepati; use this Public Provident Fund investment trick

PPF Account: Turn yourself into a crorepati; use this Public Provident Fund investment trick

Thu, Jul 23, 2020

PPF Account: When one starts investing, how to become rich is the common goal that an earning individual looks at.

MSMEs alert! Seamless sharing of certain Income Tax Return (ITR) related information - Check details of CBDT memorandum

MSMEs alert! Seamless sharing of certain Income Tax Return (ITR) related information - Check details of CBDT memorandum

Tue, Jul 21, 2020

In a major development, a formal Memorandum of Understanding (MOU) was signed today between the Central Board of Direct Taxes (CBDT) and the Ministry of Micro, Small and Medium Enterprises, Government of India (MoMSME) for sharing of data by CBDT to MoMSME.

IT department of Mumbai gets more power to take action against black money holder

IT department of Mumbai gets more power to take action against black money holder

Mon, Jul 20, 2020

IT department of Mumbai gets more power to take action against black money holder in foreign countries.

Income Tax alert! This important campaign begins - Know how it will impact you

Income Tax alert! This important campaign begins - Know how it will impact you

Mon, Jul 20, 2020

The Income Tax Department is starting an e-campaign on the voluntary compliance of Income Tax for the convenience of taxpayers from Monday, the 20th of July, 2020.

Income Tax department disposes 7,116 assessments under first phase of faceless scrutiny

Income Tax department disposes 7,116 assessments under first phase of faceless scrutiny

Sun, Jul 19, 2020

The Income Tax department has disposed of 7,116 cases under the first phase of faceless assessment system, an official source said.

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