This is an official notification of the scheme that was announced earlier
Tax-saving investments for the financial year ended March 31, 2020 can be done till July 31
The government has ordered non-resident technology companies to pay a 2 percent equalisation levy on their transactions and services with effect from April 1, 2020.
Use this ready reckoner and you won’s miss a date
But meal coupons and cards remain out of bounds; negotiate with your employers to incorporate this amount into your regular pay instead
These fresh forms are designed to capture relaxations announced by the government
Currently China’s presence in the Indian market is huge, and we cannot — at least for the moment — wish it away. What is required are structural reforms and appropriate policy interventions across sectors
Advance tax has to be paid in specified instalments before the due dates provided by the laws
FPIs structured as trusts or associations of persons (AOPs) reportedly could pay up to 43 percent tax on dividend from listed companies
A predominant part of Kerala’s revenue comes from the sale of alcohol, but the State and society have an uneasy relationship with its tipplers
The provisional data released by the government shows that the centre's gross tax revenues contracted by 3.4 percent to Rs 20.1 lakh crore in FY 2020, from Rs 20.8 lakh crore in FY 2019
Forms factor in extended tax-saver investment deadline, seek more disclosures on foreign travel and electricity consumption.
A year into the second term, how have the Modi government’s decisions impacted your finances? Team Moneycontrol takes stock of some key decisions.
The Narendra Modi-led government has enacted several vital reforms and taken long-term policy decisions aimed at restructuring the economy
Many employers have introduced stock options to tide over the immediate cash crunch in their businesses and to also be fair to employees
Last month, a group of nine business bodies had written to Finance Minister Nirmala Sitharaman seeking deferment of 2 percent tax imposed on non-resident e-commerce companies.
While political systems, level of State capacity and trajectory of development may vary, cities in China and India have retained many common threads of socio-spatial exclusion of migrant workers
The government had in March 2020 extended the scope of the equalisation levy, first introduced in 2016, to include ecommerce companies as well.
The government has also reduced the tax deduction at source (TDS) and tax collection at source (TCS) rates, so that taxpayers have more funds at their disposal.
The government had on May 6 extended validity of e-way bills that expired between March 20 and April 15 till May 31.
Due to the cancellation of international flights and lockdowns, NRIs were stranded in India
The Central Board of Direct Taxes noted in a circular that the decision has been taken following various representations in the matter, as concerns were expressed that a prolonged stay in the country may make them a resident of India under section 6 of the Income Tax Act, 1961.
CBDT is examining the matter and a clarification regarding this would be ‘issued soon’
New or higher taxes are justified only when the economy is booming, the former finance minister said, dubbing the imposition of taxes as "cruel".