Nirmala Sitharaman announces 25% cut in TDS/TCS for non-salary payments; ITR filing deadline extended
Finance Minister Nirmala Sitharaman said the reduction in TDS (tax deducted at source)/TCS (tax collected at source) rate would release about Rs 50,000 crore in the hands of people.
Coronavirus Outbreak: Govt extends deadline for deposits in PPF, Sukanya Samriddhi accounts; to safeguard interests of small saving depositors
The subscribers of PPF and SSA may now deposit their savings up to 30 June, which couldn't be deposited in 2019-20 due to lockdown in the country,
Bank of Maharashtra gets govt mandate to collect donations for PM CARES Fund; contributions to get I-T Act exemption
One can also remit contributions directly by electronic clearing system (ECS) to the designated savings bank account of Bank of Maharashtra.
Bajaj Finance posts highest ever quarterly net profit at Rs 1,614 cr in Q3 on healthy interest income; NBFC's total income grows 41%
Total income of the company grew 41 percent to Rs 7,026 crore for October-December of 2019-20 as against Rs 4,992 crore in year ago period, Bajaj Finance said in a regulatory filing.
Budget 2020: Govt may announce schemes for fabless chip design industry; incentives to boost manufacturing
In the last few years, the Indian government has launched a slew of schemes to boost local manufacturing of electronic goods
Nirmala Sitharaman to hold pre-Budget consultations with stakeholders from today; focus on boosting economic growth
The finance ministry has already started the Budget preparation exercise, with different ministries and departments making expenditure projections
The Central Board of Direct Taxes (CBDT), in a clarification, said companies will be allowed to utilise such credits only against regular taxes under the old regime
The deadline to link PAN with Aadhaar has been extended till 31 December, a The Central Board of Direct Taxes order said Saturday.
Direct Tax Code: Government proposes to overhaul taxation system; here is how new rules will affect you
Direct Tax Code appears to be a simpler version as compared to the existing income tax law, which is a welcome measure
A government-appointed task force headed by CBDT member Akhilesh Ranjan on Monday submitted its report on the new Direct Tax Code, which seeks to replace the existing Income Tax Act
GJC urges govt to rollback import duty on gold; seeks comprehensive integrated policy to save gems and jewellery sector
Reduction in gold duty will directly reduce social and economic menace in the country, he said.
There was no demand made by I-T Department before attaching Mindtree shares and for a “potential” tax demand of Rs 625 crore, shares worth Rs 3,000 crore were attached.
RBI savings bonds: All you need know about eligibility, issue price, limit of investment, tax rules, repayment
On 10 January 2018, the Government of India announced the launch 7.75 percent Savings (Taxable) Bonds, 2018 to enable resident citizens/HUF to invest in a taxable bond, without any monetary ceiling.
In Union Budget 2019, affordable housing got a further fillip with an increase in Income Tax deduction of Rs 1.5 lakh on home loans
Budget 2019: Govt proposes raising income tax exemption for NPS subscribers to 60% of corpus; new limit applicable from April 2020
Finance Minister Nirmala Sitharaman Friday proposed to exempt from income tax 60 percent of the amount received by subscribers of National Pension System on closure of account or opting out of the scheme
Real Estate Sector Budget 2019: Govt hikes tax break on interest paid on home loans to Rs 3.5 lakh for purchase of first house
Nirmala Sitharaman raised tax deduction limit to Rs 3.5 lakh on interest paid on housing loan for the purchase of first home worth up to Rs 45 lakh.
Union Budget 2019: India's income tax base not wide in proportion to population; taxpayers' number rises in past 5 years
Tax slabs serve as the threshold limit beyond which a person needs to pay a specific rate of tax to the government.
Union Budget 2019: It’s time to move towards parity between banks and NBFCs; gold loan should be given priority sector status
By keeping the NBFCs out of the purview of Section 43D, our tax laws are subjecting the NBFCs to discriminatory treatment as compared to other financial institutions.
India pitches for 'significant economic presence' concept to tax global digital companies at G-20 meet
Sitharaman also highlighted the need for the G-20 to keep a close watch on global current account imbalances to ensure that they do not result in excessive global volatility and tensions.
DPIIT proposes relaxation in income tax law to help startups raise funds; tax incentives for budding entrepreneurs on the cards
The document aims at facilitating setting up of 50,000 new startups in the country by 2024 and creating 20 lakh direct and indirect employment opportunities.