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Total 2627 results found. Search for [ income tax act ]

Results 40 to 60 of 2627
Prasanna Mohanty
September 14, 2020
Not only India's relief packages are grossly inadequate it is not even spending enough to revive demand in the crisis-hit economy; what is needed is clear: more fiscal spending, not \"keeping the power dry\" for future stimulus or unrealistic claim of a V-shaped recovery


BusinessToday.In
September 12, 2020
A division bench of justices' TS Sivagnanam and V Bhavani Subbaroyan recorded the submissions made by the IT department and issued notice to the music composer


Prasanna Mohanty
September 11, 2020
Part II of this two-part article continues to relook at misadventures that derailed the Indian economy, threatening dreams of millions of \"aspirational\" Indians. Instead of a serious and meaningful debate, India continues to grapple with constant and systemic \"misdirection\" in multiple sense of the word


Prasanna Mohanty
September 10, 2020
This is Part I of two-part article revisiting critical economic decisions that eventually led to minus 23.9% growth in Q1 of FY21. Blaming exogenous factors (pandemic) or intense lockdown is merely an excuse to divert attention from government's ineptitude and thwart meaningful debate


BusinessToday.In
September 10, 2020
The government will levy 5 per cent tax on foreign remittances, subject to riders, starting October 1


BusinessToday.In
September 8, 2020
Deepak Kochhar was arrested by Mumbai branch of the ED under the Prevention of Money Laundering Act in connection with the ICICI Bank-Videocon money laundering case


PTI
September 3, 2020
The Income Tax department has already provided a functionality 'Verification of applicability u/s 194N' for banks and post offices since July 1, 2020


BusinessToday.In
September 2, 2020
Buying a term plan takes a lot of burden off your shoulders and empowers you to live a stress-free life; whether it's your child's higher education or your parents' medical bills, a good term insurance plan will take care of it all in times of need


BusinessToday.In
September 1, 2020
The Central Board of Direct Taxes (CBDT) on Tuesday allowed income tax authorities to share taxpayers' information with scheduled commercial banks


Anand Adhikari
New Delhi, September 1, 2020
Debt investors need to tread carefully in the fixed income market as the balance sheets of the two biggest issuers - the government and corporate sector - are not in the pink of health


Mudit Kapoor and Manali
August 31, 2020
Mukherjee has made India proud by serving at many international forums, such as IMF, World Bank, Asian Development Bank, African Development Bank, and many others through the years


BusinessToday.In
August 30, 2020
The CBDT has also advised banks to not levy any extra charge on any future transactions carried out through electronic modes like RuPay cards or BHIM-UPI


Gokul Chaudhri | Amit Bablani
August 26, 2020
India's current efforts in restructuring its tax system should eventually eliminate the need for compliance - something similar to what the tax administration department of UK, is trying to achieve through its Making Tax Digital initiative


BusinessToday.In
August 22, 2020
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


Naveen Kumar
New Delhi, August 18, 2020
Senior citizens have been hit hardest by record low interest rates since that is their main source of regular income during retirement years. There are also very few health insurance plans available above 65, and those that are there come with high premiums. Heres How they can tide over this crisis


BusinessToday.In
New Delhi, August 18, 2020
The finance ministry has cleared the air on a report that said the Statement of Financial Transactions (SFT) expansion would result in filing of high value financial transactions in ITR by the taxpayers themselves. The taxpayer would not need to mention high value transactions in their return. The reporting of high value transactions to the income tax department would be done by the third parties under the Income Tax Act. Watch the video for more.


BusinessToday.In
August 17, 2020
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


PTI
August 17, 2020
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


Divya Baweja | Divya Grover
August 14, 2020
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


Dipak Mondal
August 13, 2020
The taxpayers' charter not only enlist the tax department's commitment towards taxpayers but also the department's expectations from the taxpayers. While how effective the charter this time around is can be found in details, it will primarily depend on its legal status


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