Page 15 - Income Tax

Some bright spots

There are still a number of risks to durable economic recovery

Income-tax portal 2.0 likely to allow payments by UPI, credit cards

More pvt lenders set to be given authorisation for providing services

Dangers of a wrong diagnosis

Indirect taxes are now higher than direct taxes. But cutting indirect tax rates to address this will amount to barking up the wrong tree

Tax portal glitches: FinMin to hold a meeting with Infosys on June 22

After the much publicised e-filing portal went live on June 7, many IT filers faced technical hiccups

Direct tax mop-up zooms 85% in spite of economic disruption due to Covid-19

Trend in contrast to moderation in GST collections last month

New e-filing portal to be mobile friendly, have manuals, videos: I-T Dept

The Income Tax Department on Saturday said it will launch on June 7 its new portal e-filing 2.0, which will be mobile friendly, have pre-filled ITR form and simplified utility

The time has come for a states income tax

What better way is there to empower states than for them to have their own income tax and have a greater degree of financial independence?

Govt extends timelines for income tax compliance amid Covid-19 crisis

The I-T department also extended the ITR filing deadline for companies by a month till November 30

Skill vs chance: Taxman the referee in online gaming, say experts

Rate at which winnings are taxed depends on level of skill applied and whether there is 'luck' involved

IT refunds worth Rs 15,438 crore issued in one month of current fiscal

Corporate tax refunds of Rs 10,392 crore have been issued to 21,487 taxpayers.

Govt extends income tax, GST compliance timelines amid Covid-19 crisis

Late fees for filing summary return or GSTR 3B waived; Interest rate halved to 9% for 15-day delay in the case of GST assesses with turnover of over Rs 5 crore

Avail of tax relief on terminal compensation: Here's how to file Form 10E

You must have completed 3 years of continuous service and have another 3 years of employment left

Crackdown on tax evaders: I-T notices to holders of foreign assets

Seek action under black money and benami laws for non-disclosure

Crackdown on tax evaders: I-T notices to holders of foreign assets

Seek action under black money and benami laws for non-disclosure

Can't use ITR-1 if TDS paid on high cash withdrawal, say experts

Taxpayers now need to provide quarterly break-up of dividend income earned

Ray of hope: In a surprise, personal tax mop-up rises 2.5% in FY21

6% fall in corporation tax due to Covid-related issues

IT refunds of over Rs 2.62 trillion issued in FY21, an increase of 43%

The total refunds issued in 2019-20 were worth Rs 1.83 trillion

PAN, Aadhaar linking deadline ends today, here's how to do it step-by-step

An individual will be levied Rs 1,000 as a fine if the Aadhaar and PAN are not linked after March 31, 2021

Respond to Income Tax notice, or face recurring penalties: Experts

Provide documentary evidence, else officer could make assessment based on his judgement

Budget proposals will ease taxpayers' burden from April 1, say experts

But changes like taxation of EPF contributions above Rs 2.5 lakh will pinch the wallet