Taxable Income

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Taxable Income - Total results - 8
Did you know that you have one salary but could have multiple sources of income?
Life

Did you know that you have one salary but could have multiple sources of income?

A taxable income comprises of many other elements, in addition to your salary.

Not filing income tax returns will cost you dearly as ex-parte assessment proceedings can be troublesome
Business

Not filing income tax returns will cost you dearly as ex-parte assessment proceedings can be troublesome

The CBDT is aware that despite indulging in high value transactions, there may not be any taxable income to warrant filing of return.

Income tax returns: Ahead of 31 July due date, a look at new changes in the filing process
Business

Income tax returns: Ahead of 31 July due date, a look at new changes in the filing process

While the deadline for filing the return remains the same at 31 July, one of the biggest change is the introduction of late filing fees of Rs 5,000 (if the return is filed by 31 December) or Rs 10,000 (if filed after 31 December).

Maneka Gandhi seeks changes in I-T Act, says assets gifted to wives must not be taxed
India

Maneka Gandhi seeks changes in I-T Act, says assets gifted to wives must not be taxed

Women and Child Development Minister Maneka Gandhi has asked Finance Minister Piyush Goyal to suitably amend the Income-tax Act so that assets gifted to wives and daughters-in-law were not taxed.

What you need to know before filing your income tax return
Business

What you need to know before filing your income tax return

Taking a look at the various criteria/situations that make return filing mandatory for taxpayers.

Bitcoin investments under I-T dept's radar; CBDT sends out notices, says profits from crypto currency trading taxable
Business

Bitcoin investments under I-T dept's radar; CBDT sends out notices, says profits from crypto currency trading taxable

Finance Minister Arun Jaitley said in his Budget speech earlier this month that all crypto currencies, which include bitcoins, are illegal

Five things you must do before 31st March; here's the tax calculator for your help
Business

Five things you must do before 31st March; here's the tax calculator for your help

If you have taxable income for FY2016-2017 and you have not paid tax on it, please pay it online

Govt may push for major changes in tax structure in Budget on account of demonetisation, says Care Raings
Business

Govt may push for major changes in tax structure in Budget on account of demonetisation, says Care Raings

Care Ratings said the tax framework would be interesting for individuals and corporates where there are expectations of some major changes following demonetisation