Page 38 - Income Tax

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

CBDT may take measures to correct withholding tax anomaly for FPIs

The CBDT is expected to rectify the same either in the Finance Bill or the I-T Act

I-T refunds worth over Rs 2 trillion issued so far to taxpayers this fiscal

Of this, personal income tax refunds of Rs 71,865 crore have been issued to over 1.99 crore taxpayers and corporate tax refunds of over Rs 1.28 lakh crore have been issued in 2.20 lakh cases

Britain to freeze personal tax thresholds until 2026, says Rishi Sunak

Sunak said the freeze was part of an approach to start fixing the public finances as he looks for ways to raise funds following unprecedented measures to support jobs and the economy during Covid

Avoid tax credit mismatch in income-tax return request: Experts

In case of an error, file a revised TDS return under Section 154(1)

Avoid tax credit mismatch in income-tax return request: Experts

In case of an error, file a revised TDS return under Section 154(1)

Pay your family's insurance premiums and PPF contributions to save tax

While using the family to save tax is legal and smart, ensure you use the ones where clubbing income laws don't apply

IT dept detects Rs 220 cr black income from TN-based tiles manufacturer

The action was carried out on February 26 and a total of 20 premises in Tamil Nadu, Gujarat and Kolkata were searched and surveyed, it said