Tag archive for ‘Income tax’
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By Ila Choudhary On Wednesday, May 27th, 2020
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IT Principal Commissioner allegedly commits suicide in Delhi

New Delhi: A principal income tax commissioner allegedly committed suicide by hanging himself from the ceiling fan in his bedroom using a bed sheet, at his residence in Bapu Dham, Chanakyapuri, New Delhi on Wednesday, More...

By Ila Choudhary On Tuesday, March 31st, 2020
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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
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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
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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
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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
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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
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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
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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
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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
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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...