Page 28 - Income Tax

Don't leave tax planning for fourth quarter, spread financial burden

Spread out your financial burden by investing in tax-saving instruments throughout the year

Why not a states income tax?

India's 'normal' tax rate has been between 40 and 55 per cent for almost 800 years

Extend the tax-cut logic to infrastructure

A judicious lowering of input costs can increase productivity

This Diwali, the govt may gift you a cut in personal income tax rate

The govt is considering rationalising personal income tax rates to boost disposable income and give a fillip to consumer demand

Tax cut gives PM Modi the perfect pitch to win American investments

The cropped tax rates are the latest in a series of steps announced by the government

Tax collection misses target by a wide margin; inches up 4.7% in Apr-Sep

Of the Rs 5.50 trillion collections, advance tax rose a tepid 7.3 per cent to Rs 2.20 trillion from Rs 2.05 crore, sources said

Tax panel: Set up advisory cell to help semi-skilled entrepreneurs

The ITAT member said small businesses with innovative ideas, who are agents of economic change in India, need special treatment

In UP, income tax for CM and ministers is paid by the treasury, since 1981

The law was passed by VP Singh in 1981 because the ministers were poor and could not afford to pay taxes with their meagre salaries

Pay penalty of Rs 10,000 for late Income-Tax filing after December 31

Timely filing of return is strongly recommended as the tax authorities have the power to initiate prosecution proceedings

Over 5.65 cr income tax returns for FY20 filed as Aug 31 deadline ends

Total number of income tax returns (ITRs) filed for AY 2018-19 was 5.42 crore

Changes in I-T rules kick in today; to help govt track taxpayers' income

The Budget has made PAN and Aadhaar interchangeable, but both have to be linked by September 1

Changes in I-T rules kick in today; to help govt track taxpayers' income

The Budget has made PAN and Aadhaar interchangeable, but both have to be linked by September 1

Task force recommends four far-reaching changes in Income Tax law

Suggests rejig in tax slabs, with some relief for those earning up to Rs 55 lakh a year; Corporation tax rate may come to 25% for all; DDT may go, procedures for dispute settlement may be streamlined

Direct Taxes Code panel for status quo on LTCG tax, STT; wants DDT to go

Suggests rejig of 20% and 30% slabs of personal income tax

Govt sacks 22 'corrupt' tax officials in third crackdown since June

CBIC compulsorily retired 22 superintendent rank officers under Fundamental Rule 56(J) on corruption and other charges, official sources said

Oberoi Realty, Capacite Infra stocks fall on Income Tax search buzz

The stock has fallen 5.84 per cent since Tuesday

Direct Tax Code 2.0: Task force for big relief to individual taxpayers

Income tax payers earning up to Rs 55 lakh per annum may end up with a major tax relief

Tax dispute limits doubled for appeals in high courts, Supreme Court

The limits for filing appeals in the Income Tax Appellate Tribunal (ITAT) have been more than doubled

J&K loses special status: Google tax may be levied in new Union Territory

The equalisation levy was introduced in June 2016, but not through an amendment in the Income Tax Act despite being a form of direct tax

Revenue department to brief PMO on Rs 1.67-trillion tax shortfall

Despite a cut in the income tax collection target in the full Budget compared to the interim Budget projections, the target is far from realistic