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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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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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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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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.
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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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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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Significant Changes In Income Tax Rules And Cash Deposit. Details Here
These significant changes in the income tax rules came into effect on July 1 this year
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New TDS Rule From July 1 To Affect Doctors, Social Media Influencers: All You Need To Know
The Union Budget had brought in the provision of TDS to check tax revenue leakage by inserting a new section, 194R, in the Income Tax Act, 1961.
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10 Changes Coming Into Effect From April 1 For Next Financial Year
Several new tax rule changes are coming into effect from April 1, when the new financial year begins. These include tax rules on Employee Provident Fund (EPF) interests, Tax Deducted at Source (TDS), and crypto-assets.
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India's New Tax Rule On Crypto Losses "Detrimental," Says Exchange Chief
The government's clarification of disallowing losses incurred in a particular digital asset to be set off against income from another version of a crypto holding is "detrimental for India's crypto industry and the millions who have invested in this emerging asset class," said Ashish Singhal, Co-founder and CEO of CoinSwitch, one of India's top cryp...
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Provident Fund Contributions Above Rs 2.50 Lakh To Be Taxed: 10 Points
The Centre has planned to tax Employees Provident Fund (EPF) contributions exceeding Rs 2.50 lakh yearly. For government employees, the limit has been set at a higher end of Rs 5 lakh. Under the set of new Income Tax (I-T) Rules, PF accounts are likely to be divided into two parts -- taxable and non-taxable contribution accounts from April 1, 2022.
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1.19 Crore Income Tax Returns Filed For Current Fiscal, Daily Average At 3.2 Lakh
ITR Filing 2021-22: The daily average of taxpayers logging into the income tax e-filing portal has increased to 15.55 lakh and the daily average of ITRs filed has increased to 3.2 lakh.
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New Income Tax E-filing Portal To Be Launched For Taxpayers On June 7
Income Tax E-filing portal: The new website is said to have user-friendly features which will make the income tax e-filing process easier and hassle-free for taxpayers.
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Employees Have To Inform Employers About Intention To Opt For New Tax System, Says CBDT
CBDT has, however, said that the employee can change the option of tax structure at the time of filing income tax return
-
Tax On Super-Rich Decoded: Here's Your Complete Guide To Understanding New Rules
Income tax slab: "In view of rising income levels, those in the highest income brackets, need to contribute more to the nation's development," Finance Minister Nirmala Sitharaman said while presenting her first Budget on July 5. Surcharge is an additional levy on tax which is imposed on taxpayers earning higher income.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Significant Changes In Income Tax Rules And Cash Deposit. Details Here
These significant changes in the income tax rules came into effect on July 1 this year
-
New TDS Rule From July 1 To Affect Doctors, Social Media Influencers: All You Need To Know
The Union Budget had brought in the provision of TDS to check tax revenue leakage by inserting a new section, 194R, in the Income Tax Act, 1961.
-
10 Changes Coming Into Effect From April 1 For Next Financial Year
Several new tax rule changes are coming into effect from April 1, when the new financial year begins. These include tax rules on Employee Provident Fund (EPF) interests, Tax Deducted at Source (TDS), and crypto-assets.
-
India's New Tax Rule On Crypto Losses "Detrimental," Says Exchange Chief
The government's clarification of disallowing losses incurred in a particular digital asset to be set off against income from another version of a crypto holding is "detrimental for India's crypto industry and the millions who have invested in this emerging asset class," said Ashish Singhal, Co-founder and CEO of CoinSwitch, one of India's top cryp...
-
Provident Fund Contributions Above Rs 2.50 Lakh To Be Taxed: 10 Points
The Centre has planned to tax Employees Provident Fund (EPF) contributions exceeding Rs 2.50 lakh yearly. For government employees, the limit has been set at a higher end of Rs 5 lakh. Under the set of new Income Tax (I-T) Rules, PF accounts are likely to be divided into two parts -- taxable and non-taxable contribution accounts from April 1, 2022.
-
1.19 Crore Income Tax Returns Filed For Current Fiscal, Daily Average At 3.2 Lakh
ITR Filing 2021-22: The daily average of taxpayers logging into the income tax e-filing portal has increased to 15.55 lakh and the daily average of ITRs filed has increased to 3.2 lakh.
-
New Income Tax E-filing Portal To Be Launched For Taxpayers On June 7
Income Tax E-filing portal: The new website is said to have user-friendly features which will make the income tax e-filing process easier and hassle-free for taxpayers.
-
Employees Have To Inform Employers About Intention To Opt For New Tax System, Says CBDT
CBDT has, however, said that the employee can change the option of tax structure at the time of filing income tax return
-
Tax On Super-Rich Decoded: Here's Your Complete Guide To Understanding New Rules
Income tax slab: "In view of rising income levels, those in the highest income brackets, need to contribute more to the nation's development," Finance Minister Nirmala Sitharaman said while presenting her first Budget on July 5. Surcharge is an additional levy on tax which is imposed on taxpayers earning higher income.
