Search For "income tax act"
CBDT provides ITR filing compliance check functionality for schedu
Updated : 1 month, 3 weeks ago IST
New Delhi [India], September 2 (ANI): The Central Board of Direct Taxes (CBDT) has issued an order for furnishing information about Income Tax (IT) return filing status to scheduled commercial banks.
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No proposal to include high-value transactions in Income Tax Retur
Updated : 2 months, 1 week ago IST
New Delhi [India], Aug 17 (ANI): There is no proposal to modify Income Tax returns forms, said Finance Ministry sources when asked to comment on the news reports that appeared in certain sections of media where it is reported that the purported Statement of Financial Transactions (SFT) expan
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Finance Ministry announces relief for NRIs on residency status
Updated : 5 months, 2 weeks ago IST
New Delhi [India], May 8 (ANI): The Finance Ministry on Friday announced relief to those who have been facing difficulty with their residency status in India under section 6 of the Income-tax Act due to lockdown and suspension of international flights owing to COIVD-19 outbreak, as they have
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CBDT clarification on issue of certificates for collection of TDS,
Updated : 6 months, 2 weeks ago IST
New Delhi [India], April 10 (ANI): To mitigate the hardships to taxpayers, Central Board of Direct Taxes (CBDT) on Thursday provided clarification on orders under Section 119 of the Income-Tax Act, 1961 issued relating to the issue of certificates for lower deduction/collection of TDS/TCS.
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Here's how can you get tax benefits from personal loans
Updated : 8 months, 1 week ago IST
Pune (Maharashtra) [India] Feb 20 (ANI/BusinessWire India): A personal loan, while collateral-free and easy to obtain, can be expensive as some lenders levy high loan interest rates. While applying with the right lender can bring down your net interest outgo, another way to save is to mak
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This Valentine's Day, Gift your Loved One Secured Health from Reli
Updated : 8 months, 2 weeks ago IST
New Delhi [India], Feb 12 (ANI/NewsVoir): With Valentine's Day approaching, most people will be eager to make this day special for their loved ones. Gifting apparel, watches or a bunch of flowers has become a cliched way to express your love.
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Kerala Assembly passes resolution to withdraw proposed amendment i
Updated : 8 months, 3 weeks ago IST
Thiruvananthapuram (Kerala) [India], Feb 6 (ANI): The Kerala Assembly on Thursday passed a resolution moved by state Chief Minister Pinarayi Vijayan to withdraw the proposed amendment to the section 6 of Income Tax Act, which lays down conditions for residential status for tax purposes in In
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Kerala CM raises concerns over proposed amendment in section 6 of
Updated : 8 months, 3 weeks ago IST
Thiruvananthapuram (Kerala) [India], Feb 3 (ANI): Kerala Chief Minister Pinarayi Vijayan on Monday raised concerns of the state in the Assembly regarding proposed amendment of section 6 of the Income Tax Act, 1961, which lays down conditions for residential status for tax purposes in India.
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Amendment in Income Tax rules will bring hardship to Keralites wor
Updated : 8 months, 3 weeks ago IST
Thiruvananthapuram (Kerala) [India], Feb 2 (ANI): Kerala Chief Minister Pinarayi Vijayan on Sunday urged the Central government not to make changes in section 6 of the Income Tax Act asserting that it will prove to be counter-productive to the interest of the people from Kerala working in th
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Lok Sabha passes Taxation Laws (Amendment) Bill, 2019
Updated : 10 months, 3 weeks ago IST
New Delhi [India], Dec 2 (ANI): The Lok Sabha on Monday passed the Bill that provides for inserting a new provision in the Income Tax Act that a company may opt to pay tax at 22 per cent if does not claim any incentive or deduction.
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Bill introduced in Lok Sabha to amend taxation laws
Updated : 11 months ago IST
New Delhi [India], Nov 25 : A bill that provides for inserting a new provision in the Income Tax Act to provide that a company may opt to pay tax at 22 per cent if does not claim any incentive or deduction was introduced in the Lok Sabha on Monday.
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I-T Department conducts searches on business group; 28 premises co
Updated : 11 months, 3 weeks ago IST
Pune (Maharashtra) [India], Nov 7 (ANI): The Income Tax Department conducted searches on a business group in Pune on Wednesday under the Income Tax Act, 1961.
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