Search For "income tax"
FM Sitharaman launches facility of instant PAN through Aadhaar based e-KYC
Updated : 6 years, 1 month ago IST
New Delhi [India], May 28 (ANI): In line with the announcement made in the Union Budget, Finance Minister Nirmala Sitharaman on Thursday formally launched the facility for instant allotment of PAN on a near-to-real-time basis.
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Congress to hold online campaign to demand Rs 10,000 each for families out
Updated : 6 years, 1 month ago IST
New Delhi [India], May 25 (ANI): The Congress party is set to hold an online campaign on May 28 to demand a direct cash transfer of Rs 10,000 to all the families outside the income tax bracket.
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Opposition parties target government, raise 11 demands including direct c
Updated : 6 years, 1 month ago IST
New Delhi [India], May 22 (ANI): Congress and leaders of 21 other opposition parties on Friday targeted the BJP-led government over its handling of COVID-19 situation, saying "economy has collapsed and all sections of society face acute distress" and raised 11 demands including direct cash
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Govt announces Rs 50,000 crore liquidity through TDS/TCS rate reduction
Updated : 6 years, 1 month ago IST
New Delhi [India], May 13 (ANI): To provide more funds at the disposal of taxpayers, the government on Wednesday reduced rates of tax deduction at source (TDS) for non-salaried specified payments made to residents by 25 per cent of existing rates.
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Max Financial first large corporate to settle tax dispute under Vivad Se V
Updated : 6 years, 1 month ago IST
New Delhi [India], May 13 (ANI): Max Financial Services Ltd (MFSL) said on Wednesday that it has settled a long-pending income tax case under the dispute resolution scheme Direct Tax Vivad Se Vishwas 2020 launched recently by the government.
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Finance Ministry announces relief for NRIs on residency status amid loc
Updated : 6 years, 2 months 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 amends Rule 44G of Income-tax Rules 1962
Updated : 6 years, 2 months ago IST
New Delhi [India], May 8 (ANI): Central Board of Direct Taxes on Thursday has amended Rule 44G of Income-tax Rules, 1962 for making an application to invoke the mutual agreement procedure in Form no. 34F.
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As a relief to MSMEs, I-T refunds worth Rs 5,204 cr issued in last 10 days
Updated : 6 years, 2 months ago IST
New Delhi [India], April 17 (ANI): The Central Board of Direct Taxes (CBDT) on Friday said that income tax refunds to nearly 8.2 lakh small businesses -- proprietors, firms, corporate and trusts -- worth Rs 5,204 crore have been issued since April 8.
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Transfer Rs 7,500 to families not paying income tax: Yechury
Updated : 6 years, 2 months ago IST
New Delhi [India], April 15 (ANI): CPI-M leader Sitaram Yechury has sought a substantial increase in relief spending of the Central government in the fight against coronavirus, saying that there should be cash transfer of Rs 7,500 to families not paying income tax and distribution of free
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CBDT clarification on issue of certificates for collection of TDS, TCS
Updated : 6 years, 3 months 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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IT Department to release all pending income-tax refunds up to Rs 5 Lakh
Updated : 6 years, 3 months ago IST
New Delhi [India], April 8 (ANI): Considering the prevailing scenario in the country due to COVID-19 and the lockdown, the Ministry of Finance decided to release all pending income-tax refunds up to Rs 5 lakh, immediately, to provide relief to companies and individuals.
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I-T Dept extends deadline for filing TDS exemption forms
Updated : 6 years, 3 months ago IST
New Delhi [India], April 4 (ANI): The Income Tax Department on Saturday extended the deadline for individuals to submit forms 15G and 15H for the current fiscal by three months to claim exemption from Tax Deducted at Source (TDS) on interest income amid the COVID-19 crisis.
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