Income Tax Payment
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Finance Ministry Exempts Aadhaar Body UIDAI From Payment Of Income Tax
The finance ministry has exempted the income of Unique Identification Authority of India (UIDAI) from payment of income tax for five years till fiscal 2027-28.
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ITR Filing Last Date 2024: Due Dates For Filing Income Tax Returns, TDS, Advance Tax Payments
Advance tax payment is required if your total tax liability reaches or exceeds Rs.10,000 in a financial year.
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Advance Income Tax 2024: Last Instalment Deadline On March 15
Income Tax 2024 Alert: The Income Tax Department urges all taxpayers to settle their advance tax dues before the deadline. Failure to do so can lead to interest charges under sections 234B and 234C of the Income Tax Act.
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PhonePe Launches Feature to Pay Income Tax Through Its App
Digital payments and fintech platform PhonePe on Monday launched a feature to pay income tax through its app. Individuals and businesses can pay self-assessment and advance tax through UPI or credit card via the application, without logging into the income tax portal, PhonePe said.
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PhonePe Launches New Feature To Pay Income Tax
Digital payments and fintech platform PhonePe on Monday launched a feature to pay income tax through its app.
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Government Attempting To Link TCS With TDS: Chief Economic Advisor
The government is attempting to link tax collected at source for payments made by individuals with tax deducted from their income sources, a move that will help in ensuring cash flows of the individual taxpayers are not impacted, according to a senior official.
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"Irregularities In Tax Payments": Income Tax Department On BBC
The Income tax Department's survey came weeks after the BBC aired a documentary on PM Modi and the 2002 Gujarat riots.
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India Should Consider Lowering TDS Rate on Cryptocurrency Trade to Stem Flight of Capital, Users: Report
India should consider lowering the 1 percent TDS imposed on cryptocurrency transactions, according to a joint report Chase India and Indus Law. The government, from April 1 last year, has brought in a 30 per cent income tax plus surcharge and cess on transfer of virtual digital assets (VDAs), including cryptocurrencies, like Bitcoin, Ethereum, Teth...
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Shirdi's Saibaba Temple Gets Tax Exemption Of Rs 175 Crore. Here's Why
The Sri Saibaba Temple Trust of Shirdi has been exempted from the payment of income tax of Rs 175 crore levied in the last three years, its officials said on Friday.
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Google Payments to Ireland Outfit Not Royalty, Not Subject to Withholding Tax, ITAT Says
Google India payments to Google Ireland were not royalties and not subject to withholding tax, the Income Tax Appellate Authority (ITAT) said on Friday. The order was passed by the Bengaluru bench of the ITAT, which set aside its 2018 order and said that such transfer of money was not a royalty.
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Relief To Google In Income Tax Case Over Payments From India To Ireland
Bengaluru bench of tax tribunal gives ruling after re-examining issues on orders of the Karnataka High Court
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Income Tax Return (ITR) Refund Status: Here’s How To Check It Online
Taxpayers may claim any excess payment of tax by submitting an income tax return (ITR) to the Income Tax (I-T) Department. Those who submitted income tax returns (ITRs) for FY 202122 have now either received or are expecting their ITR refunds since the deadline for ITRs for AY 202223 has passed.
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What You Need to Know About Crypto, NFT Laws in India
The Income Tax Department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment will have to be specified. The 2022-23 Budget has brought in clarity with regard to levy of income tax on crypto assets. From April 1, a 30 percent I-T plus cess and surcharges,...
-
IT Department Notifies TDS Disclosure Requirements for Crypto, Virtual Digital Assets
The income tax department has announcement TDS disclosure requirements for cryptocurrency, virtual digital assets. From July 1, 1 percent TDS will be charged on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year.
-
Nearly 50% Jump In Direct Tax Collections This Year; Highest On Record Says CBDT Chief
Tax collections from personal and corporate income jumped nearly 50 per cent in the current fiscal year so far, with over a 40 per cent surge in advance tax payments, underscoring a healthy economic recovery from the pandemic spanning two waves of coronavirus infections.
-
Finance Ministry Exempts Aadhaar Body UIDAI From Payment Of Income Tax
The finance ministry has exempted the income of Unique Identification Authority of India (UIDAI) from payment of income tax for five years till fiscal 2027-28.
-
ITR Filing Last Date 2024: Due Dates For Filing Income Tax Returns, TDS, Advance Tax Payments
Advance tax payment is required if your total tax liability reaches or exceeds Rs.10,000 in a financial year.
-
Advance Income Tax 2024: Last Instalment Deadline On March 15
Income Tax 2024 Alert: The Income Tax Department urges all taxpayers to settle their advance tax dues before the deadline. Failure to do so can lead to interest charges under sections 234B and 234C of the Income Tax Act.
-
PhonePe Launches Feature to Pay Income Tax Through Its App
Digital payments and fintech platform PhonePe on Monday launched a feature to pay income tax through its app. Individuals and businesses can pay self-assessment and advance tax through UPI or credit card via the application, without logging into the income tax portal, PhonePe said.
-
PhonePe Launches New Feature To Pay Income Tax
Digital payments and fintech platform PhonePe on Monday launched a feature to pay income tax through its app.
-
Government Attempting To Link TCS With TDS: Chief Economic Advisor
The government is attempting to link tax collected at source for payments made by individuals with tax deducted from their income sources, a move that will help in ensuring cash flows of the individual taxpayers are not impacted, according to a senior official.
-
"Irregularities In Tax Payments": Income Tax Department On BBC
The Income tax Department's survey came weeks after the BBC aired a documentary on PM Modi and the 2002 Gujarat riots.
-
India Should Consider Lowering TDS Rate on Cryptocurrency Trade to Stem Flight of Capital, Users: Report
India should consider lowering the 1 percent TDS imposed on cryptocurrency transactions, according to a joint report Chase India and Indus Law. The government, from April 1 last year, has brought in a 30 per cent income tax plus surcharge and cess on transfer of virtual digital assets (VDAs), including cryptocurrencies, like Bitcoin, Ethereum, Teth...
-
Shirdi's Saibaba Temple Gets Tax Exemption Of Rs 175 Crore. Here's Why
The Sri Saibaba Temple Trust of Shirdi has been exempted from the payment of income tax of Rs 175 crore levied in the last three years, its officials said on Friday.
-
Google Payments to Ireland Outfit Not Royalty, Not Subject to Withholding Tax, ITAT Says
Google India payments to Google Ireland were not royalties and not subject to withholding tax, the Income Tax Appellate Authority (ITAT) said on Friday. The order was passed by the Bengaluru bench of the ITAT, which set aside its 2018 order and said that such transfer of money was not a royalty.
-
Relief To Google In Income Tax Case Over Payments From India To Ireland
Bengaluru bench of tax tribunal gives ruling after re-examining issues on orders of the Karnataka High Court
-
Income Tax Return (ITR) Refund Status: Here’s How To Check It Online
Taxpayers may claim any excess payment of tax by submitting an income tax return (ITR) to the Income Tax (I-T) Department. Those who submitted income tax returns (ITRs) for FY 202122 have now either received or are expecting their ITR refunds since the deadline for ITRs for AY 202223 has passed.
-
What You Need to Know About Crypto, NFT Laws in India
The Income Tax Department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment will have to be specified. The 2022-23 Budget has brought in clarity with regard to levy of income tax on crypto assets. From April 1, a 30 percent I-T plus cess and surcharges,...
-
IT Department Notifies TDS Disclosure Requirements for Crypto, Virtual Digital Assets
The income tax department has announcement TDS disclosure requirements for cryptocurrency, virtual digital assets. From July 1, 1 percent TDS will be charged on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year.
-
Nearly 50% Jump In Direct Tax Collections This Year; Highest On Record Says CBDT Chief
Tax collections from personal and corporate income jumped nearly 50 per cent in the current fiscal year so far, with over a 40 per cent surge in advance tax payments, underscoring a healthy economic recovery from the pandemic spanning two waves of coronavirus infections.
