Search For "tax liability"
Reforms in direct taxes ensure taxpayers can manage liabilities, reduce di
Updated : 1 month, 1 week ago IST
While speaking at a post-Budget interactive session organised by the Confederation of Indian Industry (CII), the Secretary highlighted key reforms in direct taxation, and noted that the timeline for revising income tax returns has been extended by one quarter, giving taxpayers additional tim
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Tax net widened, tax liability of middle class reduced under Modi govt
Updated : 1 year, 4 months ago IST
There has been a 120 per cent increase in returns filed between 2014 and 2024. From some 3.6 crore Income Tax Returns Filed in 2014, it increased to 7.9 crore this year.
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New tax regime offers a clear and straightforward calculation of tax liabi
Updated : 1 year, 7 months ago IST
An increasing number of taxpayers have opted for the New Tax Regime this year. Out of the total ITRs of 7.28 crore filed for AY 2024-25, 5.27 crore have been filed in the New Tax Regime compared to 2.01 crore ITRs filed in the Old Tax Regime.
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Earn High Returns, Enjoy Maximum Savings: Invest in Tax-saver FDs through
Updated : 1 year, 11 months ago IST
Pune (Maharashtra) [India], April 11: Bajaj Markets has partnered with some of India's leading banks to offer tax-saver fixed deposits (FDs). Considering it's the start of the financial year, this partnership aims to provide investors with a seamless way to reduce their tax liability while a
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Congress 'skipped tax return deadline': BJP's Sambit Patra on bank account
Updated : 1 year, 11 months ago IST
Reacting to the Congress' allegation over the 'freezing' of its bank accounts ahead of the Lok Sabha elections, BJP leader Sambit Patra said, "All political parties get an exemption in tax. Any party cannot be discriminated against in this. But why were Congress' accounts 'frozen'? The Congr
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Major personal income tax relief: Finance act 2023 amends section 87a, no
Updated : 2 years, 2 months ago IST
Ministry of Finance posted on X, "Benefits in Personal Income Tax! Vide Finance Act, 2023, Section 87A of the Income-tax Act, 1961 has been amended to allow rebate to tax resulting in no tax liability to persons having income up to Rs. 7 lakh. (1/5) #PromisesDelivered"
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Maruti Suzuki to file reply to show cause notice from GST Authority
Updated : 2 years, 5 months ago IST
Maruti Suzuki India has said that it has received a show cause notice from the GST Authority proposing to demand interest and impose penalty, besides appropriating tax already paid, amounting to Rs 1,393 million “in matter of tax liability under reverse charge basis on certain services”.
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Tax Planning and Investing Made Easy on Bajaj Markets
Updated : 2 years, 8 months ago IST
Pune (Maharashtra) [India], June 30: Bajaj Markets, a subsidiary of Bajaj Finserv, offers individuals access to a range of investment tools that could help them save on tax. In turn, this will reduce their tax liability while growing their wealth.
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All you need to know about the new NPS Withdrawal Rule
Updated : 2 years, 8 months ago IST
New Delhi [India], June 21: Indians are becoming more financially literate and looking for ways to ensure a comfortable living long after their working age is up. The Indian government's National Pension System (NPS) has recently gained popularity over the years. With NPS, individuals can co
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How to plan income tax and minimize tax liability
Updated : 3 years, 11 months ago IST
New Delhi [India], March 25 (ANI): As far as paying income tax, it feels good because it is an indicator of prosperity, and the taxpayer feels that our money is being used for the progress of the country. But sometimes this amount is being used for inducement to the voters by way of givin
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How to plan income tax and minimize tax liability
Updated : 3 years, 12 months ago IST
New Delhi [India], March 19 (ANI): As far as paying income tax, it feels good because it is an indicator of prosperity, and the taxpayer feels that our money is being used for the progress of the country. But sometimes this amount is being used for inducement to the voters by way of givin
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How to plan income tax and minimize tax liability
Updated : 4 years ago IST
New Delhi [India], March 6 (ANI): As far as paying income tax, it feels good because it is an indicator of prosperity, and the taxpayer feels that our money is being used for the progress of the country. But sometimes this amount is being used for inducement to the voters by way of giving
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