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  • Tax authorities to monitor cash receipts by hospitals for COVID-19 treatment: Report May 11, 2021 11:41 AM IST

    Tax authorities to monitor cash receipts by hospitals for COVID-19 treatment: Report

    The I-T Department has been instructed to push private hospitals to make proper disclosures to tax authorities, according to a media report

  • Government extends income tax, GST compliance timelines due to outbreak of second wave of COVID-19 May 02, 2021 04:35 PM IST

    Government extends income tax, GST compliance timelines due to outbreak of second wave of COVID-19

  • Taxation of employer's contribution to retiral funds: Here's how it affects high income earners Apr 28, 2021 10:02 AM IST

    Taxation of employer's contribution to retiral funds: Here's how it affects high income earners

    Employer's contributions to provident fund, superannuation fund and the NPS beyond Rs 7.5 lakh would be taxable

  • COVID-19 second wave | Centre extends timelines of certain tax-related activities Apr 24, 2021 01:50 PM IST

    COVID-19 second wave | Centre extends timelines of certain tax-related activities

    Payment of dues under the Direct Tax Vivad se Vishwas Act, 2020 was also been extended till June 30, 2021

  • Bitcoin falls 7% as cryptocurrencies stumble over Joe Biden tax plans Apr 23, 2021 01:33 PM IST

    Bitcoin falls 7% as cryptocurrencies stumble over Joe Biden tax plans

    Bitcoin slumped 7% to $48,176 in a third straight session of losses while Ether and XPR suffered double digit tumbles.

  • Asian markets shake off US tax worries to push higher Apr 23, 2021 08:03 AM IST

    Asian markets shake off US tax worries to push higher

    The ECB's decision to keep copious stimulus flowing came despite its prediction of a strong rebound in the euro zone economy from mid-year as COVID-19 infections are brought under control.

  • Playing online fantasy games and making money? Know the income tax implications Apr 22, 2021 09:59 AM IST

    Playing online fantasy games and making money? Know the income tax implications

    Income tax is to be paid on the entire amount won and no deduction of any expenditure or allowance shall be allowed

  • New income tax return forms notified: Here’s your guide to choosing the right ITR Apr 20, 2021 11:05 AM IST

    New income tax return forms notified: Here’s your guide to choosing the right ITR

    Salaried taxpayers having non-business income are generally required to file their returns in Form ITR 1/ITR 2

  • Income tax returns 2021-22: Here are the financial transactions that will get reported to the I-T department Apr 13, 2021 10:00 AM IST

    Income tax returns 2021-22: Here are the financial transactions that will get reported to the I-T department

    All capital gains, dividends and interest earned will be reported to the tax department

  • Vivad Se Vishwas: Centre gains Rs 54,000 crore through scheme Apr 07, 2021 09:13 AM IST

    Vivad Se Vishwas: Centre gains Rs 54,000 crore through scheme

    The total disputed tax across all the cases resolved through the tax amnesty scheme is more than Rs 1 lakh crore.

  • Getting emails and messages for not filing income-tax returns for FY 2019-20? Here’s what to do Mar 31, 2021 09:47 AM IST

    Getting emails and messages for not filing income-tax returns for FY 2019-20? Here’s what to do

    Did a high-value purchase in 2019-20? Or invested large sums in mutual funds? If you haven’t filed income-tax returns for income earned in 2019-20, then March31 is the last date for filing or else furnish reasons for not filing income-tax returns

  • March 31 deadline: Here are lesser-known deductions to axe your income tax Mar 26, 2021 10:15 AM IST

    March 31 deadline: Here are lesser-known deductions to axe your income tax

    Health check-up costs, rent paid to parents and stamp duty on house registration can be claimed for tax deductions

  • Why you could lose income tax deductions if you invest in ELSS funds on March 31 Mar 24, 2021 11:38 AM IST

    Why you could lose income tax deductions if you invest in ELSS funds on March 31

    SEBI's new rule means that units would be allotted only when the money hits the fund house's account. Any delay could result in loss of tax deductions for this fiscal

  • EPF rule tweaked: Now, earn tax-free interest on contributions of up to Rs 5 lakh Mar 23, 2021 10:19 PM IST

    EPF rule tweaked: Now, earn tax-free interest on contributions of up to Rs 5 lakh

    Limit on tax-free employees' provident fund contributions raised from Rs 2.5 lakh announced in Union Budget 2021

  • Facing delays in tax refunds or insurance claims? You will get additional interest Mar 23, 2021 03:06 PM IST

    Facing delays in tax refunds or insurance claims? You will get additional interest

    The tax department, insurance companies or even a court hearing a financial case must pay penal interest for delayed settlements

  • Income tax planning: These last-minute tips will help you save tax Mar 20, 2021 06:49 PM IST

    Income tax planning: These last-minute tips will help you save tax

    Income Tax Saving: Among several kinds of Mutual Funds you'll find in the market, Equity Linked Saving Scheme (ELSS) is the only kind that offers a deduction under section 80C.

  • Today is the deadline to pay 100% of your advance income tax liability. Don’t miss it Mar 14, 2021 08:48 AM IST

    Today is the deadline to pay 100% of your advance income tax liability. Don’t miss it

    Income tax rules state that if your annual estimated income tax in the current financial year is at least Rs 10,000, then you have to pay advance income tax in four installments throughout the year. Your last installment deadline for income earned in 2020-21 is March 15, Monday.

  • Clarity emerges on income tax rules for NRIs stranded in India due to COVID-19 Mar 09, 2021 12:17 PM IST

    Clarity emerges on income tax rules for NRIs stranded in India due to COVID-19

    Many non-resident Indians couldn’t return to their countries due to the lockdown. The tax department has clarified the rules for determining their residential status

  • Explained: All about debt fund taxation and indexation Mar 08, 2021 11:09 AM IST

    Explained: All about debt fund taxation and indexation

    The holding period must be three years to avail indexation benefits. Only debt mutual funds are eligible for indexation benefits and not direct bond investments

  • GST officers arrest person for defrauding exchequer Rs 13.76 crore Mar 02, 2021 09:01 AM IST

    GST officers arrest person for defrauding exchequer Rs 13.76 crore

    Based on investigation, it appeared that PSR Metals was involved in using bazaar scrap to manufacture battery lead and was using the input tax credit of fresh batteries while clearing these new batteries without issuance of invoices.

  • At Rs 1.13 lakh crore, GST collections cross Rs 1 lakh crore mark for 5th month in a row in February Mar 01, 2021 05:53 PM IST

    At Rs 1.13 lakh crore, GST collections cross Rs 1 lakh crore mark for 5th month in a row in February

    GST collection in February stood at Rs 1.13 lakh crore, 7 percent higher year-on-year, but lower than an all-time high of nearly Rs 1.20 lakh crore in January, official data showed on March 1.

  • Finance Minister Nirmala Sitharaman says EPS tax limit ‘can be reviewed’ Feb 22, 2021 11:17 AM IST

    Finance Minister Nirmala Sitharaman says EPS tax limit ‘can be reviewed’

    Sitharaman has also said there is no plan to merge EPF with the National Pension Scheme and they will continue to remain in their present forms.

  • Budget 2021 has something to cheer for unorganised sector employees Feb 17, 2021 11:28 AM IST

    Budget 2021 has something to cheer for unorganised sector employees

    Gig, platform and home-based workers will now get social security benefits

  • This tax-saving season, avoid these common investment mistakes Feb 17, 2021 09:15 AM IST

    This tax-saving season, avoid these common investment mistakes

    Buying unnecessary life insurance policies, borrowing to invest for saving on taxes, and mixing financial and tax planning are best avoided

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