Income Tax Rules
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Madhya Pradesh Ministers To Now Pay Income Tax As 52-Year-Old Rule Revoked
Madhya Pradesh cabinet today decided that state ministers will have to pay their Income Tax, instead of the state government bearing such burden.
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Nirmala Sitharaman Rejects Reports On Changes In Income Tax Rules After Polls
Finance Minister Nirmala Sitharaman on Friday refuted a media report claiming that major changes in the income tax system would be introduced when the new government assumes office after the ongoing Lok Sabha elections.
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No Penalty For Short TDS Deduction If PAN Linked With Aadhaar By May 31
As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate.
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New Tax Rules To Come Into Effect From April 1. All You Need To Know
Income Tax Rule: April 1 marks the beginning of a new financial year and it is always significant from a personal finance point of view as most of the Budget proposals on income tax take into effect from this day.
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BJP Vs Congress In Karnataka After Rs 50 Crore Recovered In Tax Raids
A war of words has ensued between the ruling Congress and the opposition BJP in Karnataka following the recovery of unaccounted cash of over Rs 50 crore from people including Rs 42 crore from a contractor in the recent Income Tax raids in Bengaluru.
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New Angel Tax Rules For Valuing Investments In Unlisted Start-Ups
The Income Tax Department has notified new angel tax rules that comprise a mechanism to evaluate the shares issued by unlisted startups to investors.
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India Weighs Higher Capital Gains Tax to Curb Inequality: Report
India is preparing an overhaul of its direct tax laws to replace a byzantine matrix of rules and help Prime Minister Narendra Modi reduce income inequality if he returns to power next year, according to people with knowledge of the matter.
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5 New Tax Rules That Come Into Effect Today: All You Need To Know
Several changes will come into effect from April 1, when the new financial year begins.
-
Income Tax: Know About The Rules Coming Into Effect From April 1
The new tax regime will have none of the usual exemptions on insurance premium, mutual funds and other such investments.
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BJP Pressuring Officials To Catch Opposition Leaders: Congress
Karnataka Congress President D K Shivakumar on Monday alleged the ruling BJP, which is embarrassed by corruption charges against one of its MLAs, is exerting pressure on Income Tax and Lokayukta officials to catch those from opposition parties.
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BBC Tax Survey: "Gloves Are Off," Says Opposition, BJP Hits Back
The searches arein view of "the BBC's deliberate non-compliance with the Transfer Pricing Rules and its vast diversion of profits of international taxation", sources said.
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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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Paying Cash Over The Limit At Hospitals, Banquet Halls, Can Land You In Trouble
Accepting Rs 20,000 or more in cash for a loan or deposit is prohibited, and such transactions must be done through banking channels.
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Big Rule Change For Income Tax Return Verification. Details Here
The Income Tax department has reduced the time limit for e-verification or hard copy submission of the ITR-V, post-filing taxpayer returns, from 120 days to 30 days, beginning August 1.
-
Madhya Pradesh Ministers To Now Pay Income Tax As 52-Year-Old Rule Revoked
Madhya Pradesh cabinet today decided that state ministers will have to pay their Income Tax, instead of the state government bearing such burden.
-
Nirmala Sitharaman Rejects Reports On Changes In Income Tax Rules After Polls
Finance Minister Nirmala Sitharaman on Friday refuted a media report claiming that major changes in the income tax system would be introduced when the new government assumes office after the ongoing Lok Sabha elections.
-
No Penalty For Short TDS Deduction If PAN Linked With Aadhaar By May 31
As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate.
-
New Tax Rules To Come Into Effect From April 1. All You Need To Know
Income Tax Rule: April 1 marks the beginning of a new financial year and it is always significant from a personal finance point of view as most of the Budget proposals on income tax take into effect from this day.
-
BJP Vs Congress In Karnataka After Rs 50 Crore Recovered In Tax Raids
A war of words has ensued between the ruling Congress and the opposition BJP in Karnataka following the recovery of unaccounted cash of over Rs 50 crore from people including Rs 42 crore from a contractor in the recent Income Tax raids in Bengaluru.
-
New Angel Tax Rules For Valuing Investments In Unlisted Start-Ups
The Income Tax Department has notified new angel tax rules that comprise a mechanism to evaluate the shares issued by unlisted startups to investors.
-
India Weighs Higher Capital Gains Tax to Curb Inequality: Report
India is preparing an overhaul of its direct tax laws to replace a byzantine matrix of rules and help Prime Minister Narendra Modi reduce income inequality if he returns to power next year, according to people with knowledge of the matter.
-
5 New Tax Rules That Come Into Effect Today: All You Need To Know
Several changes will come into effect from April 1, when the new financial year begins.
-
Income Tax: Know About The Rules Coming Into Effect From April 1
The new tax regime will have none of the usual exemptions on insurance premium, mutual funds and other such investments.
-
BJP Pressuring Officials To Catch Opposition Leaders: Congress
Karnataka Congress President D K Shivakumar on Monday alleged the ruling BJP, which is embarrassed by corruption charges against one of its MLAs, is exerting pressure on Income Tax and Lokayukta officials to catch those from opposition parties.
-
BBC Tax Survey: "Gloves Are Off," Says Opposition, BJP Hits Back
The searches arein view of "the BBC's deliberate non-compliance with the Transfer Pricing Rules and its vast diversion of profits of international taxation", sources said.
-
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
-
Paying Cash Over The Limit At Hospitals, Banquet Halls, Can Land You In Trouble
Accepting Rs 20,000 or more in cash for a loan or deposit is prohibited, and such transactions must be done through banking channels.
-
Big Rule Change For Income Tax Return Verification. Details Here
The Income Tax department has reduced the time limit for e-verification or hard copy submission of the ITR-V, post-filing taxpayer returns, from 120 days to 30 days, beginning August 1.
