Tax Liability

Jaypee Infratech creditors decide to put on vote NBCC's revised bid; homebuyers likely to favour state-run firm

On Friday, lenders had written to NBCC seeking clarifications on certain relief and concessions put forward by the public sector firm in its resolution plan.

Tax rebate under section 87A: Here's all you need to know about this 100% relief and who can benefit from it

If the householder happens to be supporting a very large family, he might not be able to save much in the tax-savings avenues

Coffee Day Enterprises will take 'required action' to get attached Mindtree shares released by I-T dept

Coffee Day Enterprises promoter V G Siddhartha, who owns about 21% stake in Mindtree, is said to be in advanced discussions with various entities to sell his shares in the IT company.

Why reverse mortgage isn’t catching the imagination of India's elders despite income tax exemptions

Reverse mortgage was introduced in India by Budget 2007-8 with National Housing Bank (NHB) assigned the role of the pivot

Haven’t yet filed Income Tax Returns? Last day today; hurry up and save late fee of Rs 5,000

Income Tax Returns will not be accepted unless you have paid the late filing fee.

GST: What is a composition scheme? Who can opt for it? What are the rates? A Cleartax explainer

To opt in for composition scheme a taxpayer has to file Form GST CMP-01 or GST CMP-02 with the government.

GST rollout: From MF investments to insurance, here’s how it will impact your money life

A comprehensive analysis of how the tax reform will impact your investments

Income tax returns filing to be simpler from 1 April; likely to ecnourage e-filing

Individuals with salary and interest income will have to fill fewer columns as some of these for claiming income deductions have been clubbed in ITR1 form called 'Sahaj'.

Union Budget 2017: One taxpayer owes 11% of income tax to be paid by all Indians, reveals data

An unnamed taxpayer owed the government Rs 21,870 crore for the assessment year 2014-15, which was 11% of income tax to be paid by all Indians, according to 2016 data, the latest available, from the Income Tax department.

'Voda ignored CBDT advice with regard to tax liability'

The finance ministry says Vodafone "chose to ignore" the advice of tax department that its acquisition of Hutchison stake in the Indian telecom company Hutchison-Essar was taxable in India.