Tax Payers

Refunds are usually sent smoothly after income tax return filing, but the majority of taxpayers witness untimely delays. Below are the leading reasons why your ITR refund is delayed and how to deal with them.

Switching tax regimes in 2025: What salaried and business taxpayers need to know

Salaried individuals can switch between old and new tax regimes every year, while business owners have limited flexibility.

Modi govt @ 9 |4 ministers, a pandemic and 3 airlines nearly down, Indian aviation still flies

The growth in India's aviation sector over the last nine years has not been a cakewalk. As many as four ministers have led the Ministry of Civil Aviation and three airlines have nearly collapsed during the period

Budget 2023: Here is what it offers to tax payers

The finance minister while announcing the Budget 2023 tried to reduce the tax burden on individuals in new tax regime. The tax rates were reduced.

Air India's shareholders approve transfer of four subsidiaries to Air India Assets Holding

The shareholders of Air India have approved the transfer of Air India Air Transport Services Ltd., Airline Allied Services Ltd, which runs Alliance Air, Air India Engineering Services Ltd, and Hotel Corporation of India to AIAHL.

Air India privatisation saga: 'Time we stopped paying Rs 20 crore/day of taxpayers money to keep it flying'

While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM Secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline that is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS.

Rs 1,57,339,00,00,000: Taxpayer’s bill for Air India 2010-21

The amount realisable from Air India’s residual assets following the handover of the airline to the Tatas is unlikely to be higher than their book value, according to experts

Simply Save | The new income tax return portal: Will the glitches queer the pitch for tax return-filers?

What are the glitches tax-payers need to aware of? Preeti Khurana, Chief Editor, Clear.in, a tax consultancy portal weighs in on the issue in this episode of Simply Save. Tune in for details

Rs 133 crore of taxpayers' money lost due to Parliament disruptions: Report

Sources said so far 89 hours have been wasted in the ongoing session which started on July 19 and is scheduled to conclude on August 13.

Honest taxpayers deserve to be recognised for paying due share of taxes: Finance Minister Nirmala Sitharaman

In her message to the I-T Department on the 161st anniversary of Income Tax Day, she complimented the department for continuing to work towards simplifying its procedures and processes, and making its functioning hassle-free, fair and transparent.

Budget 2021: Income tax slabs unchanged; here's how Twitter reacted

The salaried middle-class taxpayers, who had pinned their hopes on revised tax slabs expecting some relief especially after COVID-19 distress, was left disappointed as FM Sitharaman made no change to the personal income tax slabs.

Budget 2021 memes on middle class taxpayers dominate Twitter trends after Nirmala Sitharaman's speech

Social media users flooded Twitter with Budget 2021 memes after finance minister Nirmala Sitharaman tabled the Union Budget 2021-22 on February 1.

Joshi congratulates Modi for measures against black money

Senior BJP leader Murli Manohar Joshi today congratulated Prime Minister Narendra Modi on his "blitzkrieg on unaccounted money", calling his measures against black money bold and timely and asserting that it should be supported in full despite short-term inconveniences.

Two proposals to deal with GST dual control issue: Sources

The GST Council meet which happened last week was inconclusive on the rate structure, though issues over cess were thrashed out. Now, CNBC-TV18 learns from sources that there are two proposals that are on the anvil.

Govt extends return filing date for large taxpayers to Oct 17

The due date for filing of income tax returns by taxpayers whose accounts are required to be audited under the Income Tax Act is the September 30 of the following year, Central Board of Direct Taxes said in a statement.

Have earned Rs 11,000cr in taxes from erstwhile non payers: CBDT

The benami amendment bill will be introduced in the monsoon session and warned that there will be more stringent measures to control the menace of tax evasion, says Rani Nair, member of the central board of direct taxes, in an interview to CNBC-TV18.

Disclosure requirement of assets while filing your ITR

The tax payer has to provide the cost of these assets in case the same are not reflected in the balance sheet of the partnership firm in case of a partner and in the balance sheet of the proprietor business or profession.

CBDT forms directorates to monitor taxpayer service

To reduce grievances of tax payers, the revenue department has set up a dedicated structure for delivery and monitoring of taxpayer services.

Are the salaried second class citizens of the country?

Budget proposals about EPF taxation have either been drafted in a hurry or have deliberately been made to be unjust to salaried people.

Budget 2016: Five beneficial provisions for individual tax payers

Here are five provisions from Union Budget 2016 that you cannot forget.

Are Achche Din Here For Tax Payers?

By: Ameet Patel, CA

Over 20,000 people haven't paid property taxes

Therefore, the scheme is modified to give them relief to pay the tax either of the systems i.e. Unit Area Method or Rateable Value Method. The cases would be decided on merit.

How to file income tax returns for six years & claim refund

CBDT recently prescribed to allow income tax assesses to file their tax returns for six years, provided they follow prescribed procedure

FM's tax dept can bring milder version of 'tax terrorism'

In an indirect way, Jaitley has also broken his promise that nothing will be retrospective in nature. The new returns will seek information pertaining to last year, since it is that return we have to file by July.

EU strikes deal on who will pay for bank bailouts

Finance Ministers from European Union have reached a deal in the early hours of Thursday to set up new rules which would share the burden of saving a bank.