Tax filing falls 1% in FY19,indicating overall slowdown:Report
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
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
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...
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
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
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
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...
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
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
The Centre had announced exemption for startups from taxation of percentage premium more than fair marketplace fee difficulty to riders. The remedy is anticipated...