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Total 2363 results found. Search for [ INcome tax returns ]

Results 1 to 21 of 2363
BusinessToday.In
New Delhi, April 15, 2021
Technology, especially its tools such as data analytics and artificial intelligence, is ending the heydays of exploiting information gaps to hide income from the taxman. Tax authorities are detecting mismatches in tax returns using tonnes of information about large transactions from banks, mutual funds, companies issuing shares, stamp and registration departments of states and sounding alerts about possible tax evasion, with different wings of the revenue department, direct tax, indirect tax and customs sharing data. However, the nationwide drive to find evaders has also given a free hand to corrupt officials to exploit the system with arbitrary notices and demands. Small and large businesses are at the receiving end of the taxman's hounding, threats and at times even violence. Watch the video for more.Also Read: Indirect tax collection rises 12.3% to Rs 10.7 lakh cr in FY21


Avneet Kaur
April 6, 2021
Overnight funds and liquid funds, which delivered average returns of 6.97 per cent and 6.46 per cent in 2018 and 2019 respectively, offered meager returns of around 3.8 per cent in 2020


BusinessToday.In
April 5, 2021
Taxpayers can import and pre-fill the data from e-filing portal and can also fill the remaining data. Since the facility to upload income taxreturn forms is not enabled yet, filers can fill and save the offline utility for now


Avneet Kaur
April 2, 2021
Tax savvy investors were concerned about their contribution to Public Provident Fund (PPF) to avail deduction under Section 80C of the Income Tax Act, at lower interest rates


BusinessToday.In
April 1, 2021
Only the bare minimum changes necessitated due to amendments in the Income-tax Act, 1961 have been incorporated in the forms, CBDT said in the notification for the new ITR forms


BusinessToday.In
March 31, 2021
Originally, the deadline for linking PAN with Aadhaar was expiring on March 31, 2021, with the end of the current financial year. Failing to link the two would by the last date would render the PAN invalid


Aprajita Sharma
March 31, 2021
The interest that you earn from employee's provident fund (EPF) is exempt from tax under the existing tax provisions. However, from FY22, if your EPF contribution goes above Rs 2.5 lakh in a financial year, the interest earned on the excess amount will be taxable


Rajeev Dubey
New Delhi, March 31, 2021
If India's tax- to-GDP ratio of 17.7 per cent has to get anywhere near developed countries' 25-35-36 per cent, those who should pay taxes must be brought under the tax net. But that's easier said than done


Dipak Mondal
New Delhi, March 31, 2021
As tech helps tax authorities check evasion and fraud, taxpayers complain of harassment and misuse of powers


BusinessToday.In
March 31, 2021
Income tax rule changes: Union Finance Minister Nirmala Sitharaman had announced new income tax rules in her Union Budget 2021 speech


Avneet Kaur
March 26, 2021
In case of purchases undertaken via United Payment Interface (UPI), assuming you purchase prior to 3:00 PM, money usually reaches the AMCs on the next working day (T+1), irrespective of the bank from which you make the payment


Avneet Kaur & Aprajita Sharma
New Delhi, March 18, 2021
Business Today-Money Today Financial Services Awards honour the best in mutual fund, insurance and pension sectors


PTI
March 17, 2021
Unaccounted cash of Rs 50 lakh, jewellery worth Rs 3 crore and nine luxury vehicles worth Rs 12.5 crore were seized by the tax department after the raids.


BusinessToday.In
March 17, 2021
Investing through a systematic investment plan or SIP is the best way to create wealth through equity mutual funds


BusinessToday.In
March 16, 2021
The minister explained that faceless tax assessments are being done for all income tax assessees, except for cases assigned to central charges or international tax charges


Aprajita Sharma
March 16, 2021
Sensex surged to an all-time high on February 16, 2021. Many of you must have incurred handsome gains in your equity portfolio. Now is the time to take stock of it and apply some tax planning hacks to reduce your tax outgo on booked profits


Dipak Mondal
March 15, 2021
The SMS and email alerts sent by the tax department to such taxpayers ask them to verify the transactions under e-campaign tab of the compliance portal, which has been created under the income tax department's Project Insight initiative


Aprajita Sharma
March 10, 2021
The fund comes with a target maturity of April 30, 2026. A target maturity fund has a specified maturity date that aligns with the expiry date of the bonds it has in its portfolio. This helps such funds provide predictive and stable returns


Avneet Kaur
New Delhi, March 9, 2021
ELSS or tax saving mutual funds have been one of the most favoured tax saving options under Section 80C of the Income Tax Act due to the shortest lock-in period of three years. Along with tax saving, ELSS funds provide inflation-beating returns and help in wealth creation for your long-term goals. In the last one year ELSS funds on an average have given 30% returns. The best performer in the category has delivered 76% returns. Should you expect similar returns from tax saving mutual funds going ahead? Harish Bihani, Fund Manager, ELSS, ICICI Prudential AMC discusses. Listen in.Also Read: NPS vs ELSS Funds: Which is a better tax-saving option?


BusinessToday.In
March 8, 2021
The women participants appear upset and delve into how this setback came to be even without realising. One male participant says that women are practically debarred from learning about money


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