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Deadline For Filing Revised Income Tax Return Extended To January 15: Tax Body
The last date for filing an Income Tax Return for the financial year 2023-24 was July 31, and for those who could not, the time was for filing a revised ITR with late fees was December 31, but now, the CBDT has extended this deadline to January 15.
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Is Digi Yatra Data Being Used To Identify Tax Evaders? Centre Clarifies
The Centre today refuted a report that said passengers' data from the Digi Yatra application was being used to crack down on tax evaders.
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India Inc Seeks Cut In Personal Income Tax Rates At Pre-Budget Meet
Industry bodies also raised the issue of dumping of excess stock by China globally, including in India, and challenges posed to food security and inflation due to the "climate emergency", during the fifth pre-Budget consultation meeting.
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Mumbai Hotel Asks Guest To Pay Rs 2500 Plus Taxes For Coffee Stains On Linen, Internet Divided
A viral video on Reddit shows a hotel guest being charged for a linen sheet after spilling coffee on it.
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Missed The ITR Deadline? File A Revised Return By December 31, 2024
The last date to file a revised or belated Income Tax Return (ITR) for FY 2023-24 is December 31, 2024. Taxpayers who miss this deadline face penalties, interest charges, and the loss of exemptions and deductions.
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Income Tax May Be Reduced For Those Earning Up To Rs 15 Lakh: Report
India is considering cutting income tax for individuals making up to Rs 15 lakh a year in February's budget to provide relief to the middle class and boost consumption as the economy slows, two government sources told Reuters.
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"Irrational": Petition In Supreme Court Seeks Scrapping Of Tax Deducted At Source (TDS)
A PIL filed in the Supreme Court on Thursday sought to scrap the TDS system calling it "arbitrary and irrational" and violative of various fundamental rights, including equality.
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Debunked: Increased Tax On Used Small Cars, EVs To Not Impact Individuals
In a recent development, the GST Council of India has increased the GST on small used cars and EVs from 12 to 18%. Here's how it will affect buyers.
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Different Taxes For Salted And Caramel Popcorn Sparks Meme Fest Online
Following confirmation of three different tax rates for specific types of popcorn, people have taken to social media to share humorous reactions.
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How To Tax Popcorn? Government's GST Formula Sparks Debate
Centre's move to tax popcorn differently based on its sugar or spice content has sparked a debate, with two former government economic advisers questioning the tax system introduced in 2017.
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Why Are We Taxing Popcorn Differently? India's New GST Rates Cause Social Media Stir
India's decision to tax popcorn differently based on its sugar or spice content has drawn criticism from the opposition and sparked a reaction on social media, with two former economic advisers questioning the move.
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"Leave India": Entrepreneur Criticises Innovation Barriers, Popcorn Taxes
An Indian entrepreneur and startup founder has advised "high-salaried individuals" to "leave India", claiming the country stifles innovation.
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GST Council's Recommendations: What's Getting Expensive And Cheaper
The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman on Saturday, announced several key recommendations to streamline tax processes and offer relief to individuals and businesses.
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GST Council Increases Tax On Used EV Car Sale By Business
The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on the sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the 'one-nation-one-tax' regime.
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Jailed Journalist Mahesh Langa Now Sent To Rajkot Cops' Custody In GST Case
Journalist Mahesh Langa, who has been in jail for an alleged Goods and Services Tax scam in Gujarat, has now been sent to Rajkot Police's custody for four days.
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Deadline For Filing Revised Income Tax Return Extended To January 15: Tax Body
The last date for filing an Income Tax Return for the financial year 2023-24 was July 31, and for those who could not, the time was for filing a revised ITR with late fees was December 31, but now, the CBDT has extended this deadline to January 15.
-
Is Digi Yatra Data Being Used To Identify Tax Evaders? Centre Clarifies
The Centre today refuted a report that said passengers' data from the Digi Yatra application was being used to crack down on tax evaders.
-
India Inc Seeks Cut In Personal Income Tax Rates At Pre-Budget Meet
Industry bodies also raised the issue of dumping of excess stock by China globally, including in India, and challenges posed to food security and inflation due to the "climate emergency", during the fifth pre-Budget consultation meeting.
-
Mumbai Hotel Asks Guest To Pay Rs 2500 Plus Taxes For Coffee Stains On Linen, Internet Divided
A viral video on Reddit shows a hotel guest being charged for a linen sheet after spilling coffee on it.
-
Missed The ITR Deadline? File A Revised Return By December 31, 2024
The last date to file a revised or belated Income Tax Return (ITR) for FY 2023-24 is December 31, 2024. Taxpayers who miss this deadline face penalties, interest charges, and the loss of exemptions and deductions.
-
Income Tax May Be Reduced For Those Earning Up To Rs 15 Lakh: Report
India is considering cutting income tax for individuals making up to Rs 15 lakh a year in February's budget to provide relief to the middle class and boost consumption as the economy slows, two government sources told Reuters.
-
"Irrational": Petition In Supreme Court Seeks Scrapping Of Tax Deducted At Source (TDS)
A PIL filed in the Supreme Court on Thursday sought to scrap the TDS system calling it "arbitrary and irrational" and violative of various fundamental rights, including equality.
-
Debunked: Increased Tax On Used Small Cars, EVs To Not Impact Individuals
In a recent development, the GST Council of India has increased the GST on small used cars and EVs from 12 to 18%. Here's how it will affect buyers.
-
Different Taxes For Salted And Caramel Popcorn Sparks Meme Fest Online
Following confirmation of three different tax rates for specific types of popcorn, people have taken to social media to share humorous reactions.
-
How To Tax Popcorn? Government's GST Formula Sparks Debate
Centre's move to tax popcorn differently based on its sugar or spice content has sparked a debate, with two former government economic advisers questioning the tax system introduced in 2017.
-
Why Are We Taxing Popcorn Differently? India's New GST Rates Cause Social Media Stir
India's decision to tax popcorn differently based on its sugar or spice content has drawn criticism from the opposition and sparked a reaction on social media, with two former economic advisers questioning the move.
-
"Leave India": Entrepreneur Criticises Innovation Barriers, Popcorn Taxes
An Indian entrepreneur and startup founder has advised "high-salaried individuals" to "leave India", claiming the country stifles innovation.
-
GST Council's Recommendations: What's Getting Expensive And Cheaper
The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman on Saturday, announced several key recommendations to streamline tax processes and offer relief to individuals and businesses.
-
GST Council Increases Tax On Used EV Car Sale By Business
The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on the sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the 'one-nation-one-tax' regime.
-
Jailed Journalist Mahesh Langa Now Sent To Rajkot Cops' Custody In GST Case
Journalist Mahesh Langa, who has been in jail for an alleged Goods and Services Tax scam in Gujarat, has now been sent to Rajkot Police's custody for four days.
