tax

May 11, 2021 11:41 AM IST

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

The CBDT released a circular on May 7, according to which hospitals, dispensaries, nursing homes, Covid care centres and other medical facilities to disclose the cash they receive from patients during the period of April 1, 2021 to May 31, 2021.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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’

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

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

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