India seeks Swiss tax branch’s help in probe in opposition to six Essar firms

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NEW DELHI/BERNE: India has sought Switzerland tax branch's help in a probe towards six businesses of the Essar organization, which include the ones into...

Now, pay earnings tax on cumulative cashbacks above Rs 50,000

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With tax season looming, one desires to preserve in mind at the same time as submitting income tax returns (ITR) that cashbacks availed thru...

A tax on the sacrifices of infantrymen

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The e-area is abuzz with reviews and interpretations of the Central Board of Direct Taxes (CBDT) round of June 24 at the modern day...

A few profits tax modifications interim price range 2019 introduced for salaried magnificence

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Even though it was an intervening time budget in February 2019, the then Finance Minister Piyush Goyal introduced a few adjustments inside the area...

Data analytics to check tax evasion

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Recently a status committee of Parliament tabled a file on the status of unaccounted earnings and wealth, both inside and outside India. Three countries...

EPF withdrawal taxable or tax-loose? Here are 5 matters to recognize

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EPF or employee provident fund savings are intended for retirement years. So economic planners suggest towards early withdrawal. To discourage early withdrawal, the authorities...

Income tax e-filers drop by using over 6.6 lakh in FY19: Official statistics

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NEW DELHI: In a first in latest records of tax filings, income tax e-filings in FY2019 have dropped via extra than 6.6 lakh, a...

Tax optimiser: How salaried Karthik can store Rs 1 lakh tax via perks, NPS

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Hyderabad-based total software program engineer Ganesh Karthik can pay an excessive tax because his pay structure isn't always taxed friendly. House hire allowance is...

Tax tribunal rejects I-T department’s valuation tax math

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Yes, if the valuation is computed through the discounted cash flow technique, or DCF, as consistent with a tax tribunal ruling. Many agencies, inclusive...

Tax queries: Sections 54, 54F deductions to be had only for LTCG

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My father built a house in Jharkhand in 2000 for which the full fee incurred turned into Rs 15 lakh. I had booked a...