No GST on tax amassed at supply levied on items: Finance ministry

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New Delhi: The finance ministry on Friday supplied a remedy to investors using retreating a rule that required them to charge goods and services...

Is it mandatory to hyperlink Aadhaar with income tax returns?

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Privacy troubles related to Aadhaar were a matter of severe debate and intense competition. The authorities located critical arguments in favor of linking PAN...

Keep your date with filing profits tax returns

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With the Income-tax Return (ITR) filing closing date fast coming near on July 31, 2019 for Financial Year (FY) 2018-19, taxpayers must examine...

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...

Money laundering in apparel of donations; govt denies tax gain to Bioved research society...

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The Central Board of Direct Taxes (CBDT) has denied the benefit of deductions to donors to an Uttar Pradesh-primarily based clinical studies society, Beloved,...

That scholarship can be problem to income tax

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If your toddler is deciding between colleges based entirely on an economic aid bundle, make sure to weigh the taxes that can accompany the...

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 by extra than 6.6 lakh, a...

DPIIT proposes relaxation in profits tax law to assist begin-u.S.Improve funds

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NEW DELHI: To facilitate fundraising with the aid of start-ups, the Department for Promotion of Industry and Internal Trade (DPI) has proposed rest within...

Disclose overseas earnings in tax returns or face penal action

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Black Money has usually been a factor of difficulty for India, and the authorities have been trying to deal with it for ages. Recognizing...

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 income...