New Delhi [India], Feb. 1 (ANI): In a sign of relief for the people in the lower brackets of income tax, Finance Minister Arun Jaitley today announced reduction in the existing rate of taxation for individuals with income between 2.5 lakh to five lakh to five percent instead of 10 percent wi
New Delhi (India), Jan. 26 (ANI): With the Union Budget coming up in few days,Federation of Indian Export Organisations (FIEO) DG and CEO, Ajay Sahai, said that he is expecting a general increase in threshold limit for income tax payers in the country.
New Delhi [India], Dec 14 (ANI): Under the existing provisions of section 139(5) of the Income-tax Act, 1961 ('Act'), Revised Return can only be filed if any person, who has filed a return under section 139(1) of the Act or in response to notice u/s 142(1), discovers any omission o
Bengaluru [India], Nov. 18 (ANI): Maintaining that the poor people, honest tax payers and middle class would be the biggest beneficiaries of the demonetisation drive, Union Information and Broadcasting Minister Venkaiah Naidu, while acknowledging that people are being inconvenienced due to l
New Delhi [India], Oct.25 (ANI):The Central Board of Direct Taxes (CBDT) has commenced issuing the second round of certificates of appreciation to tax payers who have contributed to nation-building.
New Delhi [India], Oct.25 (ANI): Finance Minister Arun Jaitley has launched a SMS Alert Service for direct taxes for about 2.5 crore private and Government salaried employees at a function here.
New Delhi [India], Oct 14 (ANI): Demanding recovery of money of Delhi tax payers from the ruling Aam Aadmi Party (AAP) in the city for publishing advertisements on self-promotion, the Congress Party on Friday said that the grand old party will come up with a campaign called "Vasooli Diw
New Delhi [India], Oct. 7 (ANI): Leaving behind Khiladi Kumar and Hrithik Roshan, superstar Salman Khan has topped the list of highest advance tax payers for this fiscal.
New Delhi [India], Sep 10 (ANI): The Central Board of Direct Taxes (CBDT) has announced extension for the due date for filing of Income tax returns by tax payers whose accounts are required to be audited under the Income Tax Act is the 30th September of the following year.