Business Standard

Taxpayer

Virat Kohli top taxpayer among sports stars; Sachin, MS Dhoni follow

'Captain Cool' MS Dhoni, now retired from international cricket and seen only in the IPL, was the second-highest taxpayer among cricketers

Virat Kohli top taxpayer among sports stars; Sachin, MS Dhoni follow
Updated On : 05 Sep 2024 | 10:25 AM IST

Respond to I-T notice on time or risk refund adjustment against tax demand

If AO doesn't respond within 21 days, CPC may release refund, or adjust it partially based on taxpayer's consent

Respond to I-T notice on time or risk refund adjustment against tax demand
Updated On : 23 Jun 2023 | 8:26 PM IST

Union Budget 2023: Growth-oriented with tax stability and rationalisation

Budget 2023 has maintained the status quo on tax policies with more thrust on certainty, which is a step in the right direction

Union Budget 2023: Growth-oriented with tax stability and rationalisation
Updated On : 08 Feb 2023 | 12:07 PM IST

CBDT seeks detailed report on the top 15 taxpayers in each region

Directive issued for maximising revenue collection and monitoring advance tax mop up

CBDT seeks detailed report on the top 15 taxpayers in each region
Updated On : 15 Dec 2022 | 11:32 PM IST

Capital gains tax: A capital conundrum

Defenders of preferential tax treatment argue that capital gains tax is a form of "double taxation" as corporate profits are taxed as ordinary income

Capital gains tax: A capital conundrum
Updated On : 08 Dec 2022 | 11:11 PM IST

Check ITR for discrepancies before responding to notice from tax dept

Respond on time, with expert help if required, to prevent further punitive measures

Check ITR for discrepancies before responding to notice from tax dept
Updated On : 27 Sep 2022 | 5:53 PM IST

India warming up to vast potential of crowd-funding for healthcare

Of the 1.3 million active patients in India, around 890,000 have given consent to be up for adoption

India warming up to vast potential of crowd-funding for healthcare
Updated On : 14 Sep 2022 | 8:05 PM IST

ITR 2021-22: List of transactions needed to furnish your tax return

There are several transactions that one needs to mention mandatorily in the ITR 2021-22 (AY 2022-23). It is necessary to avoid a notice from the I-T department

ITR 2021-22: List of transactions needed to furnish your tax return
Updated On : 18 Jul 2022 | 11:10 AM IST

CBIC to issue SOP for GST summons to stop harassment of businesses

The new SOP will make officials more accountable and will also make the entire process transparent

CBIC to issue SOP for GST summons to stop harassment of businesses
Updated On : 11 Jul 2022 | 12:55 PM IST

GST enforcement: A fine balance in catching fraud, not harassing taxpayers

The government has tightened GST norms. But some of the changes have caused "inconvenience" to taxpayers, to say the least.

GST enforcement: A fine balance in catching fraud, not harassing taxpayers
Updated On : 22 Jun 2022 | 12:56 AM IST

Big Data can at times spell trouble for taxpayers

The tax department's initiatives would, in the normal course, have been welcomed by honest taxpayers, but implementation issues and the taxman's misaligned views are causing problems

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Updated On : 04 Apr 2022 | 2:19 AM IST

CBDT extends due dates for electronic filing of various forms under I-T Act

CBDT has extended the due dates for electronic filing of various forms under the Income-tax Act, 1961 considering the difficulties reported by the taxpayers and other stakeholders

CBDT extends due dates for electronic filing of various forms under I-T Act
Updated On : 03 Aug 2021 | 11:13 PM IST
Updated On : 25 Feb 2021 | 11:12 AM IST

Explained: How Modi's tax reforms will benefit both taxpayer and I-T dept

Your guide for Modi's taxpayers' charter and its benefits

Explained: How Modi's tax reforms will benefit both taxpayer and I-T dept
Updated On : 13 Aug 2020 | 8:59 PM IST

Rights & responsibilities of citizens in new taxpayers' charter: Full text

PM Modi said the charter had been introduced with defined rights and responsibilities. Read the full text of the tax charter document here

Rights & responsibilities of citizens in new taxpayers' charter: Full text
Updated On : 13 Aug 2020 | 2:53 PM IST

Vivad se Vishwas scheme: Settlement, a fact-intensive decision

From taxpayers' point of view, this scheme provides a good window of opportunity to reduce litigation and it must be evaluated positively.

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Updated On : 16 Mar 2020 | 1:07 AM IST

Long live the taxpayer: Big banks don't fail and that is by design

It is standard practice in all countries and its origins lie in the creation of the US Fed in 1915

Long live the taxpayer: Big banks don't fail and that is by design
Updated On : 11 Mar 2020 | 7:40 PM IST

Coronavirus outbreak may delay roll-out of Vivad se Vishwas scheme

Disputes relating to wealth, securities transactions, commodities transaction tax, and the equalisation levy are not covered under the scheme.

Coronavirus outbreak may delay roll-out of Vivad se Vishwas scheme
Updated On : 09 Mar 2020 | 2:05 AM IST

Reduce regulatory risk for growth

The recognition of this problem is a welcome development. Regulatory overreach and higher risk perceptions are a major concern, constraining business growth that need to be addressed.

Reduce regulatory risk for growth
Updated On : 27 Feb 2020 | 1:12 AM IST

Taxpayers opting for new tax slabs to forego deductions on PF, tuition fee

As per the Budget document, an individual taxpayer opting for the new tax regime will not be entitled for deduction under 80C of the Income Tax.

Taxpayers opting for new tax slabs to forego deductions on PF, tuition fee
Updated On : 01 Feb 2020 | 6:06 PM IST