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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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No timeline to remove old tax regime, Revenue Secretary Sanjay Malhotra says

No timeline to remove old tax regime, Revenue Secretary Sanjay Malhotra says

Fri, Feb 03, 2023

There is no timeline to remove the old tax regime Revenue Secretary Sanjay Malhotra has said. He said that 50-60 per cent of the tax payers may switch to the new tax regime

I-T dept raids over 30 locations of 5 builder groups across Jaipur

I-T dept raids over 30 locations of 5 builder groups across Jaipur

Fri, Feb 03, 2023

The I-T teams have raided places in Jaipur including Tonk Road, Mansarovar, Rajapark, Jagatpura, C-Scheme, Civil Lines, Ajmer Road, Delhi Road, Agra Road and Sanganer.

Union Budget 2023: CBDT and CBIC chairman on Income Tax Slabs and GST collection

Union Budget 2023: CBDT and CBIC chairman on Income Tax Slabs and GST collection

Thu, Feb 02, 2023

Nitin Gupta, Chairperson, CBDT and Vivek Johri Chairman, CBIC talks about the changes in the tax slabs, how the restructuring of tax regimes can benefit the masses, and the impact of inflation on GST collection.

Budget 2023 Live: PM Modi lauds Sitharaman's 'historic' budget; Congress terms it 'Naam Bade Aur Darshan Chhote'

Budget 2023 Highlights: PM Modi lauds Sitharaman's 'historic' budget; Congress terms it 'Naam Bade Aur Darshan Chhote'

Wed, Feb 01, 2023

Union Budget 2023 LIVE Updates, Budget 2023, Union Budget 2023-24, Budget Live: Union Finance Minister Nirmala Sitharaman on Wednesday surprised the salaried middle class with major rejig in income tax slabs, raising rebate from Rs 5 lakh to Rs 7 under both old and new tax regime

Sustaining 19.5% growth in direct tax mop-up in FY24 may be difficult: Source

Sustaining 19.5% growth in direct tax mop-up in FY24 may be difficult: Source

Fri, Jan 20, 2023

The net direct tax collection grew 19.55 per cent to Rs 12.31 lakh crore till January 10. This is 86.68 per cent of the Budget estimates for current fiscal year.

Budget 2023: What is Direct Tax and Indirect Tax? Explained

Budget 2023: What is Direct Tax and Indirect Tax? Explained

Thu, Jan 19, 2023

Budget 2023: There are multiple terminologies that are used in the Budget. But commoners are unable to relate to those words. Tax is the most talked about the topic ahead of the budget as people expect some announcements.

Income Tax deduction on personal loan - Know the provisions here

Income Tax deduction on personal loan - Know the provisions here

Mon, Jan 16, 2023

Income tax: If the personal loan amount has been invested in the business, the interest paid can be claimed as an expense.

Budget 2023 Expectation: Will Modi government hike 80C limit income tax deductions?

Budget 2023 Expectation: Will Modi government hike 80C limit income tax deductions?

Wed, Jan 11, 2023

Income tax experts say Section 80C is an important tool in the hands of the taxpayer as it helps in inculcating savings as well as in saving taxes.

Ahead of Budget 2023, Finance Minister explains why govt launched optional tax regime with 7 tax slabs – Details

Ahead of Budget 2023, Finance Minister explains why govt launched optional tax regime with 7 tax slabs – Details

Sat, Jan 07, 2023

Finance Minister was speaking at an event to launch the book 'Reform Nation', authored by Observer Research Foundation Vice President Gautam Chikarmane.

I-T searches on premises of Exel Group of companies in Hyderabad

I-T searches on premises of Exel Group of companies in Hyderabad

Wed, Jan 04, 2023

The searches began around 6 a.m. and are likely to continue throughout the day.

Budget 2023 Expectation: Income tax exemption limit likely to be enhanced to Rs 5 lakh

Budget 2023 Expectation: Income tax exemption limit likely to be enhanced to Rs 5 lakh

Thu, Dec 29, 2022

Budget 2023 Expectation: It will also boost consumption, which may also lead to economic recovery, sources said.

Gross direct tax collections grow 26% to Rs 13.63 lakh cr; net mop-up near 80% of Budget target for FY23

Gross direct tax collections grow 26% to Rs 13.63 lakh cr; net mop-up near 80% of Budget target for FY23

Sun, Dec 18, 2022

After adjusting for refunds, the net direct tax collection so far this fiscal stands at Rs 11.35 lakh crore, which is about 80 per cent of the full-year Budget target.

Tax department reduces time for taxmen to decide on refund adjustment

Tax department reduces time for taxmen to decide on refund adjustment

Sun, Dec 04, 2022

Under Section 245 of the Income Tax Act, the AO can adjust the refund (or a part of the refund) against any tax demand that is outstanding from the taxpayer. Taxpayers can submit a response to the intimation notice if he/she disagrees with the tax demand.

Zee Biz Exclusive: NCC On Radar Of Income Tax, GST Intelligence, Income Tax Found Evidence Of Tax Evasion

Zee Biz Exclusive: NCC On Radar Of Income Tax, GST Intelligence, Income Tax Found Evidence Of Tax Evasion

Thu, Dec 01, 2022

NCC came on the radar of Income Tax, GST Intelligence. Income tax got evidence of tax evasion through fake invoices. GST Intelligence took action in fake invoice case. Know full news from Tarun Sharma.

Tax collections to cross budget estimates in current fiscal, says government

Tax collections to cross budget estimates in current fiscal, says government

Thu, Nov 24, 2022

Revenue Secretary Tarun Bajaj was quoted as saying that the growth in tax revenues will continue to be higher than the GDP growth, owing to better compliance.

Budget 2023 Expectations: Decriminalise GST law; slash personal income tax rates, pitches industry body CII

Budget 2023 Expectations: Decriminalise GST law; slash personal income tax rates, pitches industry body CII

Sun, Nov 20, 2022

Budget 2023 Expectations: Arguing that the GST law already contains adequate penal provisions for deterrence against evasion of taxes, CII has suggested decriminalisation of GST law.

Best Mutual Funds 2022 Investment India: Top Tax-Saving Plans For SIP | BIG PROFIT

Best Mutual Funds 2022 Investment India: Top Tax-Saving Plans For SIP | BIG PROFIT

Sat, Nov 19, 2022

Paisa Wasool: Check these Best ELSS Mutual Funds that have given up to 40% returns in 3 years - Save Income Tax, and earn Bumper Profit too! Best tax saver mutual funds to invest in 2022.

Income Tax: 6.85 crore ITRs filed so far; number expected to go up further, says CBDT Chairman Nitin Gupta

Income Tax: 6.85 crore ITRs filed so far; number expected to go up further, says CBDT Chairman Nitin Gupta

Wed, Nov 16, 2022

In the last fiscal (2021-22), which ended on March 31, 2022, 7.14 crore tax returns were filed.

Budget 2023 Expectations: Capital gains tax regime to be tweaked? What we know so far on LTCG, STCG

Budget 2023 Expectations: Capital gains tax regime to be tweaked? What we know so far on LTCG, STCG

Tue, Nov 15, 2022

Budget 2023 Expectations LTCG, STCG: Under the Income Tax Act, gains from sale of capital assets -- both movable and immovable -- are subject to 'capital gains tax'.

ITAT bats for mechanism for tax dues recovery from sale of distressed assets by ARCs

ITAT bats for mechanism for tax dues recovery from sale of distressed assets by ARCs

Fri, Oct 28, 2022

Income Tax appellate tribunal (ITAT) has observed that Government should seriously consider some mechanism to ensure that the tax liability on the capital gains is duly recovered from the borrower whose property is sold or from the person who receives the proceeds of the sale of such assets.

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