Govt widens scope of direct tax code to make compliance simpler for taxpayers
NEW DELHI: The government on Wednesday widened the scope of a brand new direct tax code at the drafting board to make compliance simpler...
India seeks Swiss tax branch’s help in probe in opposition to six Essar firms
NEW DELHI/BERNE: India has sought the Switzerland tax branch's help in a probe into six businesses of the Essar organization, which include the ones...
A tax on the sacrifices of infantrymen
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 ruling...
Now, pay earnings tax on cumulative cashbacks above Rs 50,000
With tax season looming, one desire to keep in mind at the same time as submitting income tax returns (ITR) that cashbacks availed through...
A few profits tax modifications interim price range 2019 introduced for salaried magnificence
Even though it was an intervening time budget in February 2019, then Finance Minister Piyush Goyal introduced a few adjustments inside the income tax...
EPF withdrawal taxable or tax-loose? Here are 5 matters to recognize
EPF or employee provident fund savings are intended for retirement years. So economic planners suggest early withdrawal. To discourage early withdrawal, the authorities have...
Data analytics to check tax evasion
Recently a status committee of Parliament tabled a file on the status of unaccounted earnings and wealth, both inside and outside India. Three countries...
Income tax e-filers drop by using over 6.6 lakh in FY19: Official statistics
NEW DELHI: In a first in the latest records of tax filings, income tax e-filings in FY2019 have dropped by more than 6.6 lahks,...
Tax tribunal rejects I-T department’s valuation tax math
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 optimiser: How salaried Karthik can store Rs 1 lakh tax via perks, NPS
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 the...
