Search For "tax"
Direct Tax Vivad Se Vishwas Bill introduced in LS for resolution of disput
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 5 (ANI): A bill was introduced in Lok Sabha on Wednesday which provides for a mechanism for resolution of pending tax disputes.
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Mutual funds to deduct TDS only on dividend payments, not on capital gains
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 4 (ANI): Mutual funds will have to deduct TDS at 10 per cent only on dividend payments and not on the income which is in the nature of capital gains, according to the clarification by the Central Board of Direct Taxes (CBDT) on Tuesday.
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Bike taxi firm owner accused of duping investors sent to 3-day police cust
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 4 (ANI): A Delhi court has sent to three-day police custody, the owner of a motorcycle taxi firm -- Bike Bot -- for allegedly duping investors.
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Broader tax base will allow tweaking of tax rates: CBDT
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 4 (ANI): As the tax base gets broader, there is a chance of tweaking the tax rates as there is a large portion of unorganised sector which is outside the tax framework, Chairman of the Central Board for Direct Taxes (CBDT) Pramod Chandra Mody said on Tuesday.
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Daily wage labourer in Odisha Gets I-T notice for bank transaction worth R
Updated : 6 years, 5 months ago IST
Nabarangpur (Odisha) [India], Feb 4 (ANI): A daily-wage labourer from Pujaribharandi village of Odisha's Nabarangpur district has received a notice from Income Tax Department asking him to pay Rs 2.59 lakh of tax in lieu of bank transactions worth Rs 1.47 crore done during the assessment yea
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Union Budget is for youth, middle class, traders of Delhi: PM Modi
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 3 (ANI): Hailing 90th Union Budget presented by his government, Prime Minister Narendra Modi on Monday said this budget will be for Delhi's youth, traders, middle class, poor and women.
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Major racket of fake invoicing worth Rs 1,200 cr busted, one held
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 3 (ANI): The Anti-Evasion wing of Central Tax has busted a major racket by arresting one person, who was allegedly issuing fake invoices without actual supply of goods and thereafter availing of the input tax credit.
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Kerala CM raises concerns over proposed amendment in section 6 of Income T
Updated : 6 years, 5 months 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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Less than 10 pc of taxpayers claimed deduction over Rs 2 lakh in FY 2018-1
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 2 (ANI): The total number of taxpayers, who have claimed deductions less than Rs 2 lakh, were 5.3 crore out of a total of 5.78 return filers in the financial year 2018-19, government sources said on Sunday.
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Tax slab revision in budget will certainly impact consumers positively: Li
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 2 (ANI): Co-Founder, Licious, India's largest Fresh Meat and Seafood brand, Vivek Gupta has lauded the Union Budget presented in the Parliament yesterday saying that the tax slab revision will certainly impact consumers positively.
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Only those NRIs with income in India but living abroad will be taxed: Sith
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 2 (ANI): Finance Minister Nirmala Sitharaman on Sunday clarified that only those NRIs will be taxed who are having income in India but are living outside the country.
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Taxpayers will benefit from abolition of DDT, says Govt
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 2 (ANI): The government on Sunday said that all taxpayers would benefit from the abolition of Dividend Distribution Tax (DDT) as the "tax to be paid by them on their dividend income would be less than what they were earlier paying indirectly through DDT."
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