INCOME TAX SURCHARGE
After 40 years, UP ministers to start paying income tax
Yogi Adityanath has asked ministers to start paying their own income tax, ending the four-decades-old practice.
E-assessment scheme for faceless scrutiny of income tax returns notified
The notification was issued by the CBDT on Septemeber 12, 2019.
Uttar Pradesh: Exchequer paying CM, ministers's income tax since 1981
The shocking revelation that the Uttar Pradesh exchequer has been payin...
Government notifies faceless e-assessments in tax: More transparency, but some challenges too
The e-assessment scheme has now been notified, under which CBDT will set up national and regional e-assessment centres as well as various units to conduct e-assessments.
CBDT launches one-time facility for compounding of income tax offences
A one-time facility to apply for compounding of income tax offences has been launched and taxpayers can avail this opportunity by December 31, a latest CBDT directive said.
ITR processed? Here's how to request intimation notice u/s 143(1)
While processing ITR, the department on a prima facie basis checks your income details, TDS claimed by you and if that matches with Form 26AS and so on.
Urgent need to cut both corporate and income tax: Saugata Bhattacharya, Axis Bank
Tax cut is the most effective way of getting out of this slowdown and the sentiment.
Surcharge rollback not enough: What will it take to bring back FIIs to Dalal Street?
FPIs have pulled out a net of $4.8 billion from Indian shares since the end of July.
7 changes in income tax laws that come into effect from Sept 1
Here is the list of the seven main changes in tax laws that will come into effect from September 1.
Income tax dept creates world record with filing of 49 lakh ITRs in one day
CBDT also stated that a total 5.65 crore ITRs were filed till August 31, the last date of filing returns.
Reporting of foreign assets in income tax return: CBDT issues clarification
CBDT has clarified that only foreign assets acquired as per the relevant accounting period of the foreign country have to be reported while filing ITR for FY 2018-19.
Are your investments inflation proof?
We are so passionate about tax saving that our investments start and end with Section 80 C.
DTC panel recommends to abolish DDT; lowering personal income tax rates
In what could come in as a big relief for capital market players, the task force on direct tax code that submitted its report to Finance Min...
Equity Linked Saving Scheme (ELSS)
ELSS funds are considered ideal for new investors to start their investments in equity mutual funds.
ITR filing: How to read tax intimation notice under section 143(1)
This notice is sent to you on your registered email ID to inform you whether income tax calculation in the ITR filed by you matches that of the tax department.
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