Tag archive for ‘Income tax’
    auto;
    By Ila Choudhary On Tuesday, March 31st, 2020
    0 Comments

    Income Tax employees pledge one day’s salary to PM-CARES Fund

    New Delhi: All the employees of the Income Tax (IT) Department on Tuesday pledged to contribute their one day’s salary to PM-CARES Fund constituted by Prime Minister Narendra Modi to combat the coronavirus More...

    By Manish Sen On Wednesday, March 4th, 2020
    0 Comments

    LS passes Direct Tax Vivaad Se Vishwas Bill

    New Delhi: A bill to provide an opportunity to taxpayers to settle their tax disputes by paying just due taxes with complete waiver of interest and penalty by March 31 was approved by Lok Sabha on Wednesday. Finance More...

    By Manish Sen On Wednesday, February 26th, 2020
    0 Comments

    88,000 appeals pending before Income Tax Appellate Tribunal: Chairman

    Dehradun: There are 88,000 appeals pending before the Income Tax Appellate Tribunal (ITAT) and efforts are being made for their speedy disposal, its chairman said on Wednesday. ITAT Chairman Justice P P Bhatt Of More...

    By Manish Sen On Tuesday, February 18th, 2020
    0 Comments

    90% of pending income tax cases will be settled under ‘Vivaad Se Vishwas’: Thakur

    Indore: The government expects to resolve 90 per cent of the income tax disputes through ‘Vivaad se Vishwas’ scheme announced in the Budget for 2020-21, Union Minister Anurag Singh Thakur said on Tuesday. “Govt More...

    By Manish Sen On Sunday, February 9th, 2020
    0 Comments

    12% tax revenue growth achievable in 2020-21 fiscal: Revenue Secy

    New Delhi: A 12 per cent growth in tax collections next fiscal may look ambitious to some but for Revenue Secretary Ajay Bhushan Pandey it is achievable in an economy that is projected to clock a 10 per cent nominal More...

    By Manish Sen On Thursday, February 6th, 2020
    0 Comments

    I-T Dept launches e-calculator to compare due tax under new, old regime

    New Delhi: The Income Tax Department on Thursday launched an e-calculator for individuals to estimate and compare their tax liability under the new tax slabs as compared to the existing regime, officials said on More...

    By Manish Sen On Monday, February 3rd, 2020
    0 Comments

    Shifting to optional tax slab will benefit taxpayers: Official

    New Delhi: Taxpayers willing to migrate to the new personal income tax regime announced in the Union Budget for 2020-21 will get more benefits than the older system, a senior official said on Monday. Multiple layers More...

    By Manish Sen On Monday, February 3rd, 2020
    0 Comments

    New tax structure gives option to save tax: Revenue Secy

    New Delhi: The new lower income tax rates offered in the Budget 2020-21 will leave more cash in the hands of those who do not wish to make compulsory investments to save tax, said Revenue Secretary Ajay Bhushan More...

    By Manish Sen On Saturday, February 1st, 2020
    0 Comments

    Budget 2020: New personal tax regime to benefit pensioners

    “In the personal income tax also there are only very few people who would be taking a very large number of deductions,” said Revenue Secretary Ajay Bhushan Pandey. New Delhi: The new personal tax regime More...

    By Manish Sen On Saturday, February 1st, 2020
    0 Comments

    Taxpayer opting for new tax regime to forego deductions on PF, tuition fee, insurance

    New Delhi: A taxpayer opting for new income tax slabs and rates will have to forego a host of exemptions and deductions, including a standard deduction of Rs 50,000, tuition fee of children, and contribution towards More...