Picking the right ITR form is critical for filing hassle-free income tax returns

The bill was introduced in the Lok Sabha in February and has been referred to a Joint Parliamentary Committee of both the Houses, headed by BJP MP Meenakshi Lekhi, for examination

On Wednesday alone, Rajya Sabha passed three key labour reform bills on industrial relations, social security and occupational safety by voice votes; in total, Upper House had to hold 18 sittings but only 10 could be held due to fear of COVID-19 spread in Parliament

Amid Opposition boycott of proceedings over suspension of eight MPs, Rajya Sabha unanimously passed The Foreign Contribution (Regulation) Amendment Bill, 2020

It essentially consists of two different compartments, the first one consists of 48 amendments all of which aim at decriminalisation and related matters, said Sitharaman

Government told Lok Sabha that it has taken several steps for timely detection of tax evasion, including searches and seizures, surveys, enquiries, assessment of income, levy of taxes, penalties, and filing of prosecution complaints in criminal courts

The Lok Sabha on Monday passed a bill to amend the Foreign Contribution (Regulation) Act, 2010 which seeks to make Aadhaar mandatory for NGOs to receive foreign funds

The senior official said no final decision has been taken on when the first phase of the Census 2021 and NPR update would take place, but it is almost certain that it would not be held in 2020 due to the rising cases of the coronavirus

It should be noted, first, that a taxpayer needs to mandatorily link Aadhaar with PAN for the AY 2019-20 on or before the filing of income tax returns

Income Tax Department officials say taxpayers need not mention high-value transactions in their return as it's done by third parties under the Income Tax Act

Any expansion in reporting under the statement of financial transactions (SFT) will mean that such reporting of high-value transactions to the income tax department will be done by financial institutions

The extension of timelines for filing tax returns and other related tax compliances is a well-thought-out measure, as due to lockdown it is difficult for individual taxpayers to obtain necessary documentation required for preparation of tax returns and file their returns on time

The CBDT circular extending the timeline for verification of all previous years' ITRs is a well-structured move by the government as it is doing its every bit to ease the cash flow for citizens

CBSE 12th result 2020 declared: CBSE students will have to download their results via DigiLocker and Umang applications. The Board, on Friday,  sent out text messages to students urging them to download any of the two apps to access their results

The government has extended income tax returns (ITR) filing deadline for FY 2019-20 to November 30, 2020, from July 31

The deadline for filing of income tax returns for 2019-20 has been extended from 31 July to 30 November 2020

States finally have headroom to borrow more from the market. But there's a cost to it

UIDAI has set a June deadline for the commencement of the work after centres with banking facilities upgrade their required infrastructure and get other necessary approvals

New series of Sovereign Gold Bond will be issued in six tranches from 20 April 20 to 4 September; minimum investment limit is 1 gram and maximum limit is 4 KG

Coronavirus lockdown: In a notification the ministry said that this decision has been taken for people whose renewal dates for motor and health insurances fall in the lockdown period