Page 6 - Income Tax Law

Firms opting for lower tax regime can't adjust accumulated credits on MAT

The ordinance to cut the corporation tax rate has said MAT provisions will not apply to a company which has exercised the option for a lower rate of tax

Passive funds can work if they simplify investing: Motilal Oswal AMC CEO

Once we see some recovery in real estate, this money will get released and move towards capital market products like mutual funds, says Aashish Somaiyaa

Revenue situation rules out further tax sops for the individual taxpayer

Even tax cuts in 2020-21 could be a difficult proposition as officials dismiss reports of relief for salaried class and scrapping of DDT and LTCG

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

Here's all you need to know about ITR 1, 2 and 3 for FY 2018-19

A taxpayer who is an individual and is resident in India and earning income up to Rs 50 Lakh can use ITR-1 to file the return.

Govt sets up Arbind Modi-led panel to overhaul, simplify income tax laws

PM Modi, during the annual conference of tax officers in Sept, had observed that the Income-tax Act, 1961, which was drafted more than 50 years ago, needed to be redrafted

Govt sets up six-member task force to draft new direct tax law

Chief Economic Adviser Arvind Subramanian will be a permanent special invitee in the task force