India NewsIncome Tax Department rolls back its order, allows filing of return by joint property ownersOn January 3, it had debarred individual taxpayers owning house property in joint ownership and those who paid ₹1 lakh in electricity bills in a year or incurred ₹2 lakh expense on foreign travel from filing their annual income return using the simple return forms.
16 days agoIncome tax department extends deadline to reply to tax notices"With a view to provide relief to the taxpayers and tax professionals and to facilitate the compliance with respect to e-Assessment proceedings under E-assessment Scheme, 2019, the time limit for filing of response to notices under section 142(1) of the Income-tax Act issued up to 24.12.2019 by the National e-Assessment Centre is extended up to 10.01.2020 or time given in such notices, whichever is later," a notification issued by the Central Board of Direct Taxes (CBDT) read.
1 month agoFinance and MarketsCBDT extends last date of filing ITR in Jammu and Kashmir, LadakhOn the day when two new Union Territories – Jammu and Kashmir and Ladakh – were formed, the Central Board of Direct Taxes (CBDT) announced an extension in the last date of filing the Income Tax Return to November 30. Apart from ITR, Tax Audit Report can also be filed on November 30 for all categories.
3 months agoFinance and MarketsNew tax slab proposal for earnings between Rs 5 lakhs to Rs 10 Lakhs likelyWell, it is just a suggestion and it would be noteworthy that a cheer must follow only after the proposal is accepted by the government, who is keen on increasing the tax share.
5 months agoFinance and MarketsIncome Tax return FY 2018-19 deadline extended to August 31The Finance Ministry has extended the deadline to file an Income Tax return (ITR) for FY 2018-19 from July 31 to August 31, 2019.
6 months agoInternationalSwiss banks to share bank account details of IndiansSwiss bank is all set to share the first set of banking information between India and Switzerland before the September 30 deadline. This follows the Automatic Exchange of Information (AEOI) agreement signed between the two countries, and which came into force January 2018.
7 months agoFinance and MarketsIncome Tax Filing Tips: 10 ways to invest your money wiselyIncome Tax filing time has come where many of us look forward to increasing our investments which may help in saving tax and also better returns. According to experts, it is always beneficial to go for long-term investments. Here are 10 ways one can choose to invest his money wisely.
7 months agoFinance and MarketsBudget 2019: Middle class may get benefit with higher tax deductionsNirmala Sitharaman will be presenting the first union budget of BJP-led NDA's second term on Friday and going by media reports; it looks like middle-class taxpayer will get a lot to cheer about by the end of the day.
7 months agoFinance and MarketsTax payers, link your bank account with PAN; get IT refunds from March 1Kind attention! The Income Tax Department has announced that it will only issue refunds via the e-mode into bank accounts of taxpayers only if they have linked their PAN with their accounts. The department said refunds will be sent to bank accounts as it will issue "only e-refunds from March 1, 2019."
11 months agoFinance and MarketsWhy Aadhaar card linking with PAN, bank account is mandatory for every IndiansAadhaar, the 12-digit biometric ID is an important official document for every citizen of India. It is issued by the Unique Identification Authority of India (UIDAI). These days, linking Aadhaar with various services such as Permanent Account Number (PAN) issued by Income Tax Department, bank account number, mobile number, Universal Account Number (UAN) issued by the Employers Provident Fund Organisation (EPFO), and several other official services have become mandatory for all of us.
11 months agoTop Stories
Jan 25, 2020 | 22:30:15 (IST)
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