Govt extends deadline for filing declarations, payment date under VsV scheme: Check details
The last date for filing declaration under VsV scheme was February 28, while for paying the disputed tax the date is March 31. As many as 1,25,144 cases have so far opted for the Vivad se Vishwas (VsV) Scheme, which is 24.5 per cent of the 5,10,491 cases that were pending at different legal fora.
Feb 26, 2021, 22:52 PM IST
Union Budget 2021: Senior citizens above 75 years get this major exemption
Among several key announcements made by Union Finance Minister Nirmala Sitharaman in the Union Budget 2021-22, the senior citizens above 75 years with only pension income have been exempted from filing Income Tax returns. Reading out the Union budget 2021-22 through a 'Made in India' tab, Finance Minister Nirmala Sitharaman extended tax benefits to senior citizens, above the age of 75.
Feb 01, 2021, 12:54 PM IST
Budget 2021 classroom: How to save income tax other than 80C; check these 10 options
The one thing that the common man eagerly waits to hear from the finance minister is the announcement on taxation. We shall all get to know what is stored in FM's kitty. For the moment, we could look at 10 other options for tax saving purpose.
Jan 31, 2021, 11:15 AM IST
Can you save tax by transferring money to wife's account, here's what experts say
Tax experts explain if you will have to pay taxes for the money deposited in your wife's account as monthly household expenses.
Dec 26, 2020, 23:20 PM IST
I-T raid at various premises belonging to KJS cement factory owner Pawan Ahluwalia
I-T sleuths made multiple searches in various premises belonging to the cement manufacturer located at Maihar, Satna, Delhi and Jaipur.
Dec 09, 2020, 13:40 PM IST
Big relief to taxpayers! I-T Dept makes big announcement on Vivad Se Vishwas scheme
Issuing a set of FAQs on 'Vivad Se Vishwas' scheme, the Central Board of Direct Taxes (CBDT) also said the scheme cannot be availed in a case where proceedings are pending before Income Tax Settlement Commission (ITSC) or where writ has been filed against the order of ITSC.
Dec 07, 2020, 10:37 AM IST
Wife can get information about income of her husband through RTI; check details
The Central Information Commission turned down the IT department's decision that she belonged to a third party.
Nov 18, 2020, 23:58 PM IST
CBI arrests two Income Tax inspectors in Hyderabad for accepting bribe of Rs 80,000
CBI caught both the accused while accepting a bribe of Rs 30,000 and Rs 50,000.
Nov 13, 2020, 18:45 PM IST
Govt announces big relief to taxpayers! Payment date for Vivad se Vishwas Scheme extended – All you need to know
Vivad se Vishwas Scheme aims to reduce pending income tax litigation, generate timely revenue for the Government and to benefit taxpayers by providing them peace of mind.
Oct 29, 2020, 11:20 AM IST
Special Income Tax benefits for senior citizens — Here's the list
A senior citizen is granted a higher exemption limit compared to non-senior citizens.
Oct 18, 2020, 16:46 PM IST
Why is October 1 important and what are 10 big changes that will impact you from today
From 1 October 2020, several new rules that will have a major impact on common’s man’s life have come into effect. According to reports, Indian citizens will have to follow these new set of rules and regulations if they wish to buy new LPG connections, transfer money to foreign fund or buying a health insurance.
Oct 01, 2020, 14:24 PM IST
Big relief for Income Tax payers! CBDT makes new announcement
Know the difference between revised ITR and Belated ITR.
Oct 01, 2020, 10:23 AM IST
Income Tax refunds worth Rs 1.18 lakh cr issued to 33.54 lakh taxpayers till September 29
This include personal income tax refunds amounting to Rs 32,230 crore.
Sep 30, 2020, 18:27 PM IST
CBDT extends deadline for filing belated, revised ITRs for AY 2019-20 to November 30
CBDT had on July 29 extended the deadline to September 30.
Sep 30, 2020, 17:56 PM IST
Income tax, DL, health insurance, credit card --10 rules that impact lives of common man changing from October 1
Here's looking at 10 rules that are going to change from October 1.
Sep 30, 2020, 16:56 PM IST
Madras HC issues notice to AR Rahman seeking explanation on income tax evasion case
According to the Income-tax department counsel, Rahman received an income of Rs3.47 crore in the year 2011-12 based on a contract with a UK-based telecom company, to compose exclusive ringtones.
Sep 11, 2020, 13:44 PM IST
Banks asked to refund charges collected for UPI, RuPay transactions after January 1
Banks are advised to immediately refund the charges collected, if any, on or after January 1, 2020.
Sep 01, 2020, 15:08 PM IST
I-T refunds of Rs 95,853 crore issued to 25.55 lakh taxpayers this fiscal
The Income Tax department on Wednesday said it has issued refunds worth Rs 95,853 crore to over 25.55 lakh taxpayers in the current fiscal.
Aug 26, 2020, 15:54 PM IST
Faceless Assessment Scheme: 97% of Income Tax work force feeling left out
The JCA has pointed out that the restructuring exercise if not implemented in a thoughtful manner may result in massive displacement of manpower from one station to the other.
Aug 17, 2020, 13:33 PM IST
PM Narendra Modi launches Transparent Taxation platform for honest taxpayers
Unveiling the “Transparent Taxation – Honoring the Honest” platform through video conferencing, the prime minister also laid out the next phase of reforms of the direct taxes which is aimed at easing the tax compliance and also rewarding honest taxpayers in the midst of coronavirus (COVID-19) pandemic.
Aug 13, 2020, 12:12 PM IST
