May 11, 2021 11:41 AM IST
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.
- May 02, 2021 04:35 PM IST
- April 28, 2021 10:02 AM IST
Employer's contributions to provident fund, superannuation fund and the NPS beyond Rs 7.5 lakh would be taxable
- April 24, 2021 01:50 PM IST
Payment of dues under the Direct Tax Vivad se Vishwas Act, 2020 was also been extended till June 30, 2021
- April 23, 2021 01:33 PM IST
Bitcoin slumped 7% to $48,176 in a third straight session of losses while Ether and XPR suffered double digit tumbles.
- April 23, 2021 08:03 AM IST
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.
- April 22, 2021 09:59 AM IST
Income tax is to be paid on the entire amount won and no deduction of any expenditure or allowance shall be allowed
- April 20, 2021 11:05 AM IST
Salaried taxpayers having non-business income are generally required to file their returns in Form ITR 1/ITR 2
- April 13, 2021 10:00 AM IST
All capital gains, dividends and interest earned will be reported to the tax department
- April 07, 2021 09:13 AM IST
The total disputed tax across all the cases resolved through the tax amnesty scheme is more than Rs 1 lakh crore.
- March 31, 2021 09:47 AM IST
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 26, 2021 10:15 AM IST
Health check-up costs, rent paid to parents and stamp duty on house registration can be claimed for tax deductions
- March 24, 2021 11:38 AM IST
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
- March 23, 2021 10:19 PM IST
Limit on tax-free employees' provident fund contributions raised from Rs 2.5 lakh announced in Union Budget 2021
- March 23, 2021 03:06 PM IST
The tax department, insurance companies or even a court hearing a financial case must pay penal interest for delayed settlements
- March 20, 2021 06:49 PM IST
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.
- March 14, 2021 08:48 AM IST
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.
- March 09, 2021 12:17 PM IST
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
- March 08, 2021 11:09 AM IST
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
- March 02, 2021 09:01 AM IST
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.
- March 01, 2021 05:53 PM IST
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.
- February 22, 2021 11:17 AM IST
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.
- February 17, 2021 11:28 AM IST
Gig, platform and home-based workers will now get social security benefits
- February 17, 2021 09:15 AM IST
Buying unnecessary life insurance policies, borrowing to invest for saving on taxes, and mixing financial and tax planning are best avoided