Page 47 - Income Tax

Govt mulls personal I-T relief while scrapping some exemptions: Report

If the government tinkers with personal taxes, it will add to the list of measures taken in recent months to boost growth that's expanding at the slowest pace in nearly six years

Analysing revenue information-II

Tax administration advances, though continuing improvement remains paramount

Income-tax officials give thumbs down to govt's faceless assessment move

Dubbed an important initiative in tax reforms, the government launched the faceless assessment scheme in a bid to eliminate the interface between the assessee and the tax officer

Stock mkt more polarised after tax cut; 91% of gains cornered by 13 firms

RIL, HDFC Bank account for 32.4% of total BSE 500 m-cap gains since the cut in tax; 91% of gains cornered by 13 firms

Journey of faceless e-assessment starts; I-T dept identifies 58,322 cases

Though the system is called faceless, it would have a room for inviting tax payers through video conferencing

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