Tax filing falls 1% in FY19,indicating overall slowdown:Report

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The number of people filing income tax returns has declined using a complete 1 percent in financial 2019, notwithstanding the multiplied authorities' focus to...

Govt widens scope of direct tax code to make compliance simpler for taxpayers

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NEW DELHI: The government on Wednesday widened the scope of a brand new direct tax code at the drafting board to make compliance simpler...

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...

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,...

Attention Income Tax Return filers! Are you aware of those five modifications

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New Delhi: The remaining date for filing Income Tax Return (ITR) for the assessment 12 months 2019-20 is July 31, 2019. After the refund...

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...

How to get an income tax e-refund

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Only e-refunds now The Income Tax Department problems refund only as an e-refund to the assessee. Issuing refunds using cheques has been discontinued. To acquire...

Indexation benefits to be had on debt MFs cause them to more tax efficient...

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Long-term capital gains (LTCG) earned on debt mutual funds are eligible for indexation advantages earlier than they are taxed. Gains made on funding in...

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 alleviation for startups powerful from 19 February: Income tax department

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The Centre had announced exemption for startups from taxation of percentage premium more than fair marketplace fee difficulty to riders. The remedy is anticipated...