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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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Income Tax Department rejects report suggesting higher income tax on super-rich

Income Tax Department rejects report suggesting higher income tax on super-rich

Mon, Apr 27, 2020

Income Tax Department has rejected a report by a team of Indian Revenue Services (IRS) officers suggesting the government to hike income tax rates for super-rich and a higher levy on foreign companies as a short term measure to deal with cash issues amid the coronavirus crisis

Facing money crunch? EPF withdrawal, PPF, Sukanya Yojana to EMI moratorium, 5 top steps that will help you fight crisis

Facing money crunch? EPF withdrawal, PPF, Sukanya Yojana to EMI moratorium, 5 top steps that will help you fight crisis

Wed, Apr 22, 2020

Lockdown in India: From EPF withdrawal, EMI moratorium to delay in insurance premium payments, there are various ways Narendra Modi government has allowed through which the public can still continue sourcing money.

Income Tax Refund: CBDT reacts to social media posts, says emails meant for faster refund

Income Tax Refund: CBDT reacts to social media posts, says emails meant for faster refund

Wed, Apr 22, 2020

Income Tax Refund: Email seeking clarification from all those who are entitled to get tax refund but also have outstanding tax to payment cannot be misconstrued as harassment.

Paying very heavy amount as Income Tax? Relief for you may come soon

Paying very heavy amount as Income Tax? Relief for you may come soon

Tue, Apr 21, 2020

Now taxpayers who have refunds in excess of Rs 5 lakh may also be provided relief and the process could be initiated this week.

How to save Income Tax through SBI Tax Saving Scheme - EXPLAINED

How to save Income Tax through SBI Tax Saving Scheme - EXPLAINED

Tue, Apr 21, 2020

Who doesn't want to save Income Tax! But, in order to save our hard-earned money, we must choose tax-saving scheme wisely so that we can get benefit while filing income tax returns.

Filing income tax returns? Here is how you can maximise your claims

Filing income tax returns? Here is how you can maximise your claims

Tue, Apr 21, 2020

The government has extended the deadline for filing income tax returns to June 30, in the wake of the ongoing coronavirus outbreak. If you are filing income tax returns in the coming days, you should look to maximise returns by availing benefits under different sections of the income tax.

Income Tax payers alert! New ITR forms to be released soon; here is what you should know

Income Tax payers alert! New ITR forms to be released soon; here is what you should know

Mon, Apr 20, 2020

Income tax payers will soon have access to revised income tax return (ITR) forms for the assessment year 2020-21 due to the coronavirus pandemic. The government had pushed the last date to file income tax returns till June 30 in the wake of current situation.

Income Tax payers alert! Here is what CBDT is doing so that you can avail these benefits

Income Tax payers alert! Here is what CBDT is doing so that you can avail these benefits

Sun, Apr 19, 2020

In a major development, CBDT is revising return forms to enable taxpayers avail benefits of timeline extension due to Covid-19.

Income Tax Refund: CBDT still awaits response from 1.74 lakh MSMEs! Issues guideline to claim money online

Income Tax Refund: CBDT still awaits response from 1.74 lakh MSMEs! Issues guideline to claim money online

Sat, Apr 18, 2020

Income Tax Refund: The CBDT reiterated its request that in around 1.74 lakh cases, responses are awaited from taxpayers regarding reconciliation with their outstanding tax demand.

Top 5 common Income Tax mistakes taxpayers must avoid while filing ITR online

Top 5 common Income Tax mistakes taxpayers must avoid while filing ITR online

Fri, Apr 17, 2020

Income Tax Alert: Income Tax Return (ITR) filing is the first and foremost responsibility of an earning individual.

Income Tax: How to save maximum money while filing your ITR

Income Tax: How to save maximum money while filing your ITR

Fri, Apr 17, 2020

Income Tax Calculator: When an earning individual goes for income tax return (ITR) filing, his or her major focus should be on reducing the tax outgo.

Waiting for Income Tax refund money? Check this latest development

Waiting for Income Tax refund money? Check this latest development

Wed, Apr 15, 2020

The Finance Ministry had last week said it will fast-track issuance of pending income tax refunds up to Rs 5 lakh, which will benefit around 14 lakh taxpayers, to provide relief to individuals and businesses hit by COVID-19 outbreak.

Provident Fund Withdrawal: This PF trick will help you save tax deduction; EPFO rule to the rescue

Provident Fund Withdrawal: This PF trick will help you save tax deduction; EPFO rule to the rescue

Tue, Apr 14, 2020

PF Withdrawal: If investor has an annual income of less than Rs 2.5 lakh, then TDS deduction can be saved by submitting form 15g/15h for PF withdrawal.

Auto Loan Calculator: Surprise! You can claim income tax exemption if your vehicle falls in this category

Auto Loan Calculator: Surprise! You can claim income tax exemption if your vehicle falls in this category

Tue, Apr 14, 2020

Auto Loan Calculator: If your are going to file Income Tax Return (ITR), then it is advisable to nurture all possible tax-saving options as a penny saved is penny earned.

Income Tax: CBDT issues important circular clarifying TDS process - Taxpayers alert!

Income Tax: CBDT issues important circular clarifying TDS process - Taxpayers alert!

Tue, Apr 14, 2020

In a major development, CBDT has issued a circular clarifying the process of exercising of option by a taxpayer with regard to deduction of tax at source (TDS).

Alert for taxpayers seeking revision of lower withholding tax

Alert for taxpayers seeking revision of lower withholding tax

Sun, Apr 12, 2020

According to a report in news agency IANS, businesses seeking lower TDS/TCS (tax deduction at source /tax collected at source) for FY21 in view of the impact of Covid-19 outbreak on business will have to apply afresh with the income tax department and wait for its order. Such application for lower withholding tax rate will not get extension of any previous order (for FY20) for a period of three months till June 30, 2020, the report added.

Taxpayers alert! Income Tax Department has very important message for you - Don't do this!

Taxpayers alert! Income Tax Department has very important message for you - Don't do this!

Thu, Apr 09, 2020

The Income Tax Department of Government of India has issued an important advisory to alert taxpayers.

Huge relief for Income Tax payers! Pending refunds up to Rs 5 lakhs to be released immediately

Huge relief for Income Tax payers! Pending refunds up to Rs 5 lakhs to be released immediately

Thu, Apr 09, 2020

Giving a huge relief to income tax payers, the Income Tax Department has decided to issue all the pending income-tax refunds up to Rs 5 lakh, immediately. This move is aimed at providing immediate relief to the business entities and individuals.

Income Tax Refund: Big relief for 14 lakh taxpayers, others! Rs 18,000 crore to be refunded

Income Tax Refund: Big relief for 14 lakh taxpayers, others! Rs 18,000 crore to be refunded

Thu, Apr 09, 2020

Income Tax Refund: In the wake of Coronavirus lockdown, Narendra Modi has decided to issue all pending income-tax refunds upto Rs 5 lakh & GST/Custom refunds with immediate effect.

Income Tax Calculator: Know your money outgo from zeebiz.com

Income Tax Calculator: Know your money outgo from zeebiz.com

Wed, Apr 08, 2020

The Financial Year 2019-20 has already ended and Financial Year 2020-21 has begun. Now, it's the time when we all need Income Tax Calculator to know what will be our money outgo amount.

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