Page 29 - Income Tax

TMS Ep102: Repo rate, Revenue Sec Tarun Bajaj, markets, Rafale jets

Will RBI go for a hike in reverse repo rate? What is Tarun Bajaj's take on revenue estimates? What will marketers track in RBI's policy meeting? How capable are Rafale fighter jets? All answers here

Direct Taxes: FM Sitharaman chooses quiet consolidation in Budget

The yardsticks of stability, predictability, rationalisation and simplification define the tax proposals

Next year's ITR to have separate column for crypto income: Revenue Secy

Income tax return forms from next year will have a separate column for making disclosures on gains made from cryptocurrencies and paying taxes, Revenue Secretary Tarun Bajaj said on Wednesday.

Budget 2022: RSS-linked body SJM offers some praise, flags some concerns

Lauds 30% crypto tax, push for domestic investment; laments little emphasis on middle class, small-scale industry

Union Budget 2022: Refile ITR within two years to fix errors

The Income-Tax (I-T) Department will introduce a new updated return, which is expected to help those taxpayers who have committed mistakes in filing their returns

Budget 2022: Didn't raise taxes, capex to provide more employment, says FM

FM pointed out that the 'Production Linked Incentive' scheme for 14 sectors will also be a trigger for job creation

What are the new and old income tax regimes?

n the Union Budget 2020, Finance Minister Nirmala Sitharaman had introduced a new tax regime. Our next report presents the difference in tax rates between the new regime and the old regime

TMS Ep98: Economic Survey 2022, Air India, markets, income tax regimes

What are the highlights of Economic Survey 2022? What are the challenges for Tata after Air India acquisition? Will markets see a Budget-day rally? What are the different tax regimes? All answers here

Budget 2022: Expectations on changes in income-tax slabs and rates

Union Budget 2022-23: Expectations on changes in income tax slabs and rates

Budget 2022: Tax rebates in Budget for realty vital for salaried class

Currently, one-third of India's population reside in cities and it is estimated to go up to 50% by 2030

Budget with BS, Ep 5: Privatisation, direct tax mop-up, and Pronab Sen Q&A

Will privatisation in non-strategic sectors get a push in Budget 2022? What does Pronab Sen see as biggest Budget challenges for FM? Will FY22 direct tax collections exceed BE? Get all answers here

Record number of searches in FY22 as tax offences get money laundering tint

With three months still to go for the year to end, total 'undisclosed income' is about Rs 32,000 cr, far eclipsing the FY19 level of Rs 18,600 cr

Deadline to file corporate income-tax returns, audit extended

Assessment Year 2021-22 is for income earned in the financial year 2020-21

How the Centre plans to use tax data to settle social justice issues

The govt committee on EWS might have set the template for future; EWS limits and income tax exemption limits are now twinned, if the Supreme Court accepts the panel's report

I-T refunds of Rs 1.50 trn issued till January 3 this fiscal year

This includes 1.1 crore refunds of Assessment Year 2021-22 amounting to Rs 21,323.55 crore

IT raids on 2 cellphone firms find Rs 1,400-crore understating of profit

Evidence has emerged that the two companies could be under-stating taxable profit by more than Rs 1,400 crore.

Cryptocurrency exchange WazirX under lens for evading Rs 40 crore in taxes

According to the CBIC, the matter relates to WazirX launching its own currency, but not paying GST on it.

No extension of ITR filing deadline; over 56 mn FY21 returns filed so far

Revenue Secretary Tarun Bajaj said ITR filing is going on 'very smoothly'

Just 3 days left for filing ITR, what happens if you miss the deadline

The due date for ITR filing for the fin ancial year 2020-21 (the assessment year 2021-22) has been extended twice

Tax department move to tax goodwill could expand in the next Budget

While the new tax is not retrospective in nature, it will impact foreign companies buying into Indian companies going ahead