PM Modi announces Transparent Taxation - Honoring The Honest: The Taxpayers' Charter lists the commitment made to the taxpayer as well as the taxpayer's obligations

PM Narendra Modi Live: Eemphasis is on making every rule-law, policy people-centric and public friendly; this is use of new governance model and country is getting its results, says PM Modi

Launch of platform by PM Modi will carry forward journey of direct tax reforms in India; Nirmala Sitharaman and Anurag Singh Thakurto be present at launch event

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

Official data released showed the number of income tax scrutiny cases was 0.71 per cent in AY 2015-16, 0.40 per cent in AY 2016-17, 0.55 per cent in AY 2017-18 and 0.25 per cent in AY 2018-19

Acharya's comments came amid rising clamour for further rate cuts to help boost the economic recovery, even as headline inflation breached the 6 per cent level in June

What e-invoice will necessarily do is eliminate the need of data entry of purchase invoice by the buyer as that will be shared electronically and read by the accounting/billing system of the buyer even before the goods arrive

This is the third extension given by the Centre for taxpayers to file both revised and original tax returns for 2018-19 fiscal

The proposal for the government to take an equity stake and in effect part nationalise the plant is said to be one of the options under discussion

The case pertains to assessment years 2011-12 and 2012-13 on money spent by the Trust for creating an endowment fund at Cornell University, US, to provide scholarships to Indian students and granting financial assistance to the Harvard Business School

According to the tax department, the Memorandum of Understandings (MoUs) will facilitate the sharing of data and information between the tax department and these entities on an automatic and regular basis.

The CBDT said that financial transaction information received from filers would be shown in the new Form 26AS \"to facilitate voluntary compliance, tax accountability and ease of e-filing of returns\"

Although the last date for submitting the taxes for the first quarter was July 7, many companies have not paid the taxes as they are waiting for the clarifications

Among other measures, the Income Tax Department has extended various timelines to help the taxpayers remain on the right side of the law even during the times of pandemic and repeated extensions of lockdowns to prevent spread of coronavirus

The Income Tax department issued tax refunds at a speed of 76 cases per minute from April 8 to June 30th, 2020. The refunds were issued electronically and have been directly deposited into the bank accounts of taxpayers

Highlights of PM Narendra Modi Speech: PM Modi extends Garib Kalyan Anna Yojna till November end; says over 80 crore people will get free ration for five more months under the scheme

PM Modi Speech on Unlock 2.0, Coronavirus and India-China Tensions Live: PM Gareeb Kalyan Anna Yojana will be extended till the end of November, extension to cost over Rs 90,00 crore, says Prime Minister Narendra Modi

In the US, federal health officials have allocated the limited supply to states, but that agreement with Gilead will end after September

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

Further, blind, deaf and dumb or orthopedically handicap employees can also claim ad-hoc exemption of transport allowance of Rs 3,200 per month while computing salaried income