Income Declaration Scheme
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Extended Deadline For Filing Income Tax Returns Ends Today
The government has also extended the due date for filing declaration under the direct tax dispute resolution scheme Vivad Se Vishwas by a month till January 31, 2021.
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Farmers May Have To Declare That Agriculture Is Only Source Of Income: Minister
Maharashtra revenue minister Chandrakant Patil today said that beneficiaries of the farm loan waiver scheme may have to submit an affidavit stating that agriculture is their sole source of income.
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Response To Black Money Declaration Scheme (PMGKY) 'Not So Good', Says Government
"The response (to the PMGKY) has not been so good...about Rs 5,000 crore of income was declared in PMGKY. There are mainly two factors for it.
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Income Tax Declaration To Your Employer: The Changes You Should Be Aware Of
In the beginning of every fiscal year, employees are asked for details like their investment in ELSS, insurance policies, house rent, home loan, education loan etc. by their employer to arrive at the annual tax liability of an employee.
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Opinion: No Immunity From Benami Act On Deposits Under PMGKY Scheme
It is advisable that people should not resort to such a practice of declaring benami deposits under PMGKY as such declarations do not enjoy any immunity from the Benami Act, writes Mr Bhargava.
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Notes Ban: Tax Department Gets Over Rs 300 Crore Declarations Under PMGKY
Under the PMGKY, undisclosed income deposited in any bank or post office account can be declared by paying 50 per cent of it in taxes and surcharges.
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Foreign Accounts, Property, Bullion Can't Be Disclosed Under Tax Amnesty Scheme
Pradhan Mantri Garib Kalyan Yojana, undisclosed income deposited in any bank or post office account can be declared by paying 50 per cent of it in taxes and surcharges.
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Tax Department Begins Process Of Analysing Deposits Post Notes Ban
Tax department has begun the process to examine bank deposits and transactions to check possible black money instances and said once the last opportunity to declare funds in old notes under the PMGKY scheme ends it will be very tough for hoarders.
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Post Raids, Black Money To Attract Over 137% In Tax, Penalty
Not declaring undisclosed cash or deposits under the scheme but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty.
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Income Disclosure Scheme Disclosure Figures To Be Revised Lower To Rs 55,000 Crore
The disclosures made under the black money amnesty scheme is likely to be revised downwards to about Rs 55,000 crore after a declarant failed to deposit the first installment of the tax.
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IDS Disclosure Figures To Be Revised Lower To Rs 55,000 Crore
Earlier, Finance Ministry revised upwards black money disclosed under Income Declaration Scheme to Rs 67,382 crore from Rs 65,250 crore estimate announced previously
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Simple Form To Be Filled For Declarations Under New Tax Evasion Amnesty Scheme
A simple two-page form is all that needs to be filled for declaring unaccounted cash under the new tax evasion amnesty scheme which does not require one to reveal the source of such income.
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Black Money Holders Get Last Chance To Disclose Till March 2017
Not declaring the black money under the scheme now but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty.
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Mumbai's Rs 2 Lakh Crore Family Admitted They Were A Front, Say Sources
Could the Rs 2 lakh crore income declaration by Mumbai-based family have been a front for certain "big names"? Sources in the income tax department say they are inquiring into the possibility.
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No Answers From Businessman Who Declared 13,860 Crore, Say Investigators
Days after his stunning revelation before a news channel that politicians, bureaucrats and builders owned the Rs 13,860 crore he declared under the Income Declaration Scheme, real estate dealer Mahesh Shah has refused to divulge the source to the Income Tax department.
-
Extended Deadline For Filing Income Tax Returns Ends Today
The government has also extended the due date for filing declaration under the direct tax dispute resolution scheme Vivad Se Vishwas by a month till January 31, 2021.
-
Farmers May Have To Declare That Agriculture Is Only Source Of Income: Minister
Maharashtra revenue minister Chandrakant Patil today said that beneficiaries of the farm loan waiver scheme may have to submit an affidavit stating that agriculture is their sole source of income.
-
Response To Black Money Declaration Scheme (PMGKY) 'Not So Good', Says Government
"The response (to the PMGKY) has not been so good...about Rs 5,000 crore of income was declared in PMGKY. There are mainly two factors for it.
-
Income Tax Declaration To Your Employer: The Changes You Should Be Aware Of
In the beginning of every fiscal year, employees are asked for details like their investment in ELSS, insurance policies, house rent, home loan, education loan etc. by their employer to arrive at the annual tax liability of an employee.
-
Opinion: No Immunity From Benami Act On Deposits Under PMGKY Scheme
It is advisable that people should not resort to such a practice of declaring benami deposits under PMGKY as such declarations do not enjoy any immunity from the Benami Act, writes Mr Bhargava.
-
Notes Ban: Tax Department Gets Over Rs 300 Crore Declarations Under PMGKY
Under the PMGKY, undisclosed income deposited in any bank or post office account can be declared by paying 50 per cent of it in taxes and surcharges.
-
Foreign Accounts, Property, Bullion Can't Be Disclosed Under Tax Amnesty Scheme
Pradhan Mantri Garib Kalyan Yojana, undisclosed income deposited in any bank or post office account can be declared by paying 50 per cent of it in taxes and surcharges.
-
Tax Department Begins Process Of Analysing Deposits Post Notes Ban
Tax department has begun the process to examine bank deposits and transactions to check possible black money instances and said once the last opportunity to declare funds in old notes under the PMGKY scheme ends it will be very tough for hoarders.
-
Post Raids, Black Money To Attract Over 137% In Tax, Penalty
Not declaring undisclosed cash or deposits under the scheme but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty.
-
Income Disclosure Scheme Disclosure Figures To Be Revised Lower To Rs 55,000 Crore
The disclosures made under the black money amnesty scheme is likely to be revised downwards to about Rs 55,000 crore after a declarant failed to deposit the first installment of the tax.
-
IDS Disclosure Figures To Be Revised Lower To Rs 55,000 Crore
Earlier, Finance Ministry revised upwards black money disclosed under Income Declaration Scheme to Rs 67,382 crore from Rs 65,250 crore estimate announced previously
-
Simple Form To Be Filled For Declarations Under New Tax Evasion Amnesty Scheme
A simple two-page form is all that needs to be filled for declaring unaccounted cash under the new tax evasion amnesty scheme which does not require one to reveal the source of such income.
-
Black Money Holders Get Last Chance To Disclose Till March 2017
Not declaring the black money under the scheme now but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty.
-
Mumbai's Rs 2 Lakh Crore Family Admitted They Were A Front, Say Sources
Could the Rs 2 lakh crore income declaration by Mumbai-based family have been a front for certain "big names"? Sources in the income tax department say they are inquiring into the possibility.
-
No Answers From Businessman Who Declared 13,860 Crore, Say Investigators
Days after his stunning revelation before a news channel that politicians, bureaucrats and builders owned the Rs 13,860 crore he declared under the Income Declaration Scheme, real estate dealer Mahesh Shah has refused to divulge the source to the Income Tax department.
