While the expectations of the common man of tax relief are not met, the budget outlines measures to rationalise the tax structure and bring out changes in the tax processes

The share of indirect taxes, which mainly comprise of levy on goods and services as well as import duty, has risen while that of direct taxes - made up of corporate and personal income tax - has gone down in 2020

Coronavirus impact: Govt extends deadline for income tax filing, GST compliance The government has extended various tax compliance deadlines, including Income Tax Returns, tax audit reports and declaration under 'Vivad Se Vishwas Scheme, in view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19 pandemic. Farmers protest: Consensus between unions, govt on 2 issues, next talks on Jan 4 The sixth round of talks between t...

The government has decided to provide further time to the taxpayers for furnishing of Income Tax Returns, tax audit reports and declaration under Vivad Se Vishwas Scheme

CBDT has said one cannot benefit from the scheme in a case where proceedings are pending before Income Tax Settlement Commission (ITSC) or where writ has been filed against the order of ITSC

Finance Ministry has decided to adopt a proactive approach for implementation of the scheme; deadline for the scheme has been extended to March 31, 2021, in view of coronavirus pandemic

FM Nirmala Sitharaman Press Conference Live: FM Sitharaman's announced several stimulus measures to revive the ecomony on Thursday, November 12. Among several of them, she announced new subsidies for employers and employees under the Atmanirbhar Bharat Rozgar Yojana Subsidy

As per a Central Board of Direct Taxes (CBDT) notification, declaration under the Vivad se Vishwas Scheme shall be required to be furnished latest by December 31, 2020

If you do not take timely action to save this TDS deduction you will have to wait for more than a year to file your ITR next year and then wait for few more months to get the refund

If you have already made enough tax-saving investments or have exhausted your Section 80C limit, you can opt to claim deductions on tax-saving investments that you are going to make (during this extended period to make tax-saving investments for FY20) in FY21

Regulators can design a system where all fund managers should be ranked based on their past performance and process procedure basis, which is different from the fund house

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

FM Sitharaman addressed taxpayers' concerns related to income tax returns, corporates' demand  related to compliance, GST deadline, IBC related matters, and other related compliances

The FM announced extension of deadline for PAN-Aadhaar linking and Vivad Se Vishwas Scheme till June 30, 2020

Coronavirus India latest updates: Prime Minister Narendra Modi said on Tuesday that the nationwide lockdown will be in effect from midnight to save every Indian. The 21-day lockdown period is to prevent the further spread of COVID-19

Budget 2020: While taxpayers' expectation on withdrawal of DDT has been on for several years now, the probabilities are stronger due to the objective of the government to rationalise corporate tax rate and promote economic growth

Union Budget 2019: Finance Minister Nirmala Sitharaman mentioned in her Union Budget 2019 speech that the tax exemption limit on withdrawal will be increased for NPS from 40 per cent to 60 per cent on exit from scheme.

The state-owned company's Q4 net profit increased 17 per cent at Rs 6,099.27 crore, compared to Rs 5,218.10 crore in Q4 last year