Income tax deadline: Multiple associations, trade unions, and professionals have asked for staggered extensions in deadlines. They have requested the deadline to be extended to March 31

ITR filing date: A late filing fee will be applicable for filing your returns after the due date under section 234F. The penalty can be up to Rs 10,000 if the assessee files the return after the due date

Factoring in bank charges, conversion rate and taxes, the real rate of return on your overall investments may not be as attractive as it appears on the paper

More than 4.15 crore Income Tax Returns for AY 2020-21 have already been filed till 26th of December, 2020. Hope you have filed yours too!, Income Tax Department tweeted

Sources in the revenue department say that the Income Tax Department has identified a noticeable number of persons who have deliberately chosen to ignore the notices calling for enquiry and verification of the tax returns

The government has notified on Tuesday the recommendations of the Law Committee of the GST Council in order to control the menace of GST fake invoice frauds

The gross tax collection for the quarter stood at Rs 7,33,715 crore, while the total mop-up stood at Rs 5,87,605, the CBDT source told PTI on Thursday

The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 1,45,619 crore to more than 89.29 lakh taxpayers between April 1 and December 8.

India's national agriculture policy is 20 years old and its response to farm crisis continues to be ad hoc, primarily focused on letting private players provide infrastructure and better remuneration to farmers who have consistently failed to deliver

The top two players - Zerodha and Upstox - now have over 26 lakh and nearly 14 lakh active clients, respectively on the NSE as of October-end, while ICICI Securities has 12.15 lakh clients

\"One can claim HRA exemption and interest deduction on a housing loan simultaneously if one satisfies all of the conditions for claiming so,\" says Kapil Rana, Founder & Chairman, HostBooks Ltd. Let us understand the conditions that will allow you to claim both the tax benefits together

While government claims on tax compliance and GST collections paint a healthier picture of the economy, tax-to-GDP has fallen for two consecutive years and tax collections across the board in the first half of FY21 are nowhere close to FY20, indicating that trouble is far from over

Liquidity rush from major central banks has pushed markets into a high valuation zone. Why investors should tread cautiously as India gets into pandemic fatigue

India Stock Market Highlights Today: IndusInd Bank, followed by Bajaj Finserv, Bajaj Finance, Reliance Industries, ONGC, NTPC and Tata Steelwere among the top gainerz in the Sensex pack. On the other hand, HDFC, Asian Paints, ITC and Bharti Airtel were among the laggards

If you are a Dream11 team player you must know the money you win is not entirely yours. The prize money is your income from other sources that will attract taxes just like your primary income. Prize money in Kaun Banega Crorepati is also taxed

As India marches from one economic disaster to another, policy and planning appear to be victims of whims and fancies as and when they strike

Stimulus 3.0 package: The funding of these measures remains a key puzzle, as revenues are already behind target, while the government does not intend any further market borrowing, says Nomura

The finance minister announced tax relief on select home sale deals, enhanced credit guarantee programme for small businesses and provided incentives for new job creation as the government widened stimulus measures to boost the economy

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

With private sector missing from action, PSUs were expected to play saviour, an expectation they failed to live up to