[ad_1] Published By: Nibandh Vinod Last Updated: July 23, 2023, 17:00 IST Income Tax Day is celebrated by a number of outreach programmes and events designed to promote tax payments. (Image: Shutterstock) Sir James Wilson implemented Income Tax in India on July 24, 1860. Check out history, significance and how to celebrate Income Tax Day … Read more
[ad_1] NEW DELHI: Income tax payers should file their return as soon as possible, as the government is not planning to extend the July 31 deadline.Revenue Secretary Sanjay Malhotra told PTI in an interview that he expects the filing to be higher than last year and hopes that it will exceed the 5.83 crore returns … Read more
[ad_1] Last Updated: June 30, 2023, 14:30 IST PAN Aadhaar Link Last Date June 30: PAN (Permanent Account Number) and Aadhaar are both important identification documents for individuals in India. The Government has made linking of Aadhaar Card with PAN card mandatory for all taxpayers in India. The deadline for linking PAN Card with Aadhaar Card … Read more
[ad_1] Last Updated: June 16, 2023, 11:46 IST ITR Filing 2023: Whether you file online or offline, it is absolutely necessary to file details on the correct form. As the deadline for filing an ITR approaches, taxpayers are advised to make necessary preparations to ensure a smooth and accurate submission. As the deadline for … Read more
[ad_1] New Delhi: Today (May 30), the Narendra Modi-led NDA has served in office for nine years. After Jawaharlal Nehru, Indira Gandhi, and Manmohan Singh, Modi is the fourth longest-serving prime minister and the first from a non-Congress party. He was elected with a comfortable majority and took office on May 26, 2014. The following nine various … Read more
[ad_1] You can file your Income Tax Return (ITR) online on the Income Tax Portal. ITR Filing: Remember to keep a copy of all the documents and maintain records for future reference. Filing Income Tax Return (ITR) is an important financial obligation for individuals and entities to report their income and pay taxes to the … Read more
[ad_1] New Delhi: In line with the Budget announcement, the finance ministry on Thursday hiked the tax exemption limit for leave encashment upon retirement for private sector salaried employees to Rs 25 lakh. So far, the tax exemption on leave encashment for non-government employees was Rs 3 lakh which was fixed in 2002, when the … Read more
[ad_1] Monetary gifts received on occasions like birthday, anniversary, etc. will be charged to tax. (Representative image) Gifts received on the occasion of a person’s marriage will not be subject to taxation. It’s always a nice feeling to get gifts but one thing that often leaves taxpayers confused is the taxability of these presents. That … Read more
[ad_1] New Delhi: The Income Tax Department will soon notify rules specifying the class of investors and norm of valuation for implementation of the Budget provision of taxing foreign investment in unlisted companies. The modified valuation rules would provide for ascertaining the fair market value (FMV) of shares of unlisted companies to levy tax on non-resident … Read more
[ad_1] NEW DELHI: India’s tax authority has sent Bajaj Allianz Life Insurance and ICICI Prudential Life Insurance show-cause notices for evading taxes since 2017, as part of a probe spanning 16 insurers and about $610 million in unpaid dues, three sources said.The probe, started in September last year, is a crackdown on the insurance industry’s … Read more