November 13, 2018 03:02 PM IST
Online market places have been complaining of technical glitches on 1% tax collected at source (TCS) that came into effect from October 1
November 13, 2018 09:42 AM IST
Experts suggest not to withdraw money from your EPF account and let the EPF balance compound. It will help you retire rich.
November 09, 2018 12:05 PM IST
Any gift received from relatives, whether in kind or cash, is exempt.
November 02, 2018 05:28 PM IST
Sakshi Batra is in conversation with Gaurav Choudhury to find what factors led to the surge in GST collections and how crucial is it for the government to sustain the pace at which it is mopping up tax under the new regime.
October 26, 2018 12:04 PM IST
Section 143(1)(a) of the income tax act deals with different approaches to assessment of tax returns filed by a taxpayer.
October 24, 2018 03:47 PM IST
Giving a thumbs down to straightaway filing writ petitions without first exhausting the alternative remedy available under the law, Justice K Ravichandrabaabu concurred with the submissions of Additional Advocate General Narmada Sampath that the disputed question of fact was to be looked into by the appellate authority.
October 22, 2018 04:36 PM IST
The policy-making body for the Income Tax Department (ITD), while releasing the latest data, also said that the "average tax" paid by corporates and individual taxpayers has seen a jump over the same time period.
October 22, 2018 09:32 AM IST
The amount of capital gains tax to be paid on mutual funds depends on the type of investment (equity / debt) and the duration of time for which the investment is held
October 17, 2018 12:05 PM IST
The sordid history of British colonisation of Africa (the western coast there was actually called the Slave Coast!) and West Indies etc were all laid out in the article and it made an interesting reading. A bit depressing but still, interesting.
October 08, 2018 08:29 AM IST
In case of mutual funds, a differential rate of taxation is applied across fund categories.
October 05, 2018 02:32 PM IST
"Ghataenge, ghataenge....(we will do the needful for reducing prices). A decision will be taken later in the day," Kumar told reporters here on the sidelines of a function.
October 03, 2018 04:42 PM IST
Income Tax authorities, which had previously asked Walmart to explain the logic behind its tax deductions on the USD 16 billion Flipkart deal, have the option to seek more clarifications from the US retailer once they study the reply.
September 30, 2018 12:10 PM IST
The tax law panel is considering reverting to the classical method of taxing dividend in the hands of the shareholders
September 30, 2018 11:40 AM IST
There must be consistency in tax structures and policy as frequent changes hamper market sentiment and business plans, Lamborghini has said
September 28, 2018 08:04 PM IST
Sakshi Batra is in conversation with Gaurav Choudhury, Policy Editor, Moneycontrol to find out what this will mean for suppliers, e-commerce players, and consumers.
September 21, 2018 11:24 AM IST
The act includes blindness, low vision, leprosy-cured, hearing impairment, locomotor disability, mental retardation, mental illness.
September 17, 2018 03:42 PM IST
“We certainly hope to cross the Rs 11.5 lakh crore direct tax collection target for the current fiscal,” Chandra told reporters.
September 11, 2018 02:17 PM IST
A $1/barrel increase in oil prices, translates in a revenue of Rs 1,513 crore to all major (19) states, according to a SBI research note
September 06, 2018 03:10 PM IST
The last date for filing the annual return form for normal taxpayers (GSTR-9) and for composition taxpayers (GSTR-9A) is December 31. The GST, which subsumed 17 different indirect taxes, was rolled out on July 1, 2017.
August 31, 2018 09:46 AM IST
On August 30, the second last day of filing the income tax return (ITR), over 20 lakh returns were filed.
August 29, 2018 09:38 PM IST
The Congress had earlier demanded an apology from Prime Minister Narendra Modi for allegedly lying to the country, after the RBI said 99.3 per cent of the junked Rs 500 and Rs 1,000 notes have returned to the banking system.
August 29, 2018 10:42 AM IST
Experts are of the opinion that the GST architecture should not be tampered with as it will lead to demands from other states as well
August 28, 2018 07:46 PM IST
In case you fail to file your income tax return by August 31, you can still file the same by March 31, 2019 and not beyond that
August 20, 2018 07:48 AM IST
A recent ruling of the Andhra Pradesh High Court has held that boarding and lodging allowances paid to employees deputed abroad for meeting personal expenses is taxable as a perquisite and the employer is liable to deduct tax
August 17, 2018 10:54 AM IST
The pension you get from the employer at retirement is taxed under the head salaries while filing Income Tax Returns.
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