Search For "taxpayer"
CBDT launches compliance-cum-awareness campaign for AY 2024-25 to assist t
Updated : 1 year, 6 months ago IST
As part of the campaign, the CBDT will send informational messages via SMS and email to resident taxpayers who have already filed their ITR for AY 2024-25.
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Nirmala Sitharaman apprised about review of Income Tax Act by top official
Updated : 1 year, 6 months ago IST
The goal is to make the Act concise, clear, and easy to understand, which will reduce disputes, and litigation, and provide greater tax certainty to taxpayers.
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Govt reduces charges for TDS default from multiple rates of 2,3 and 5 pc t
Updated : 1 year, 7 months ago IST
The new guidelines by Central Board of Direct Taxes (CBDT) for the compounding of offences under the Income-tax Act, 1961, aim to make the process easier and more accessible for taxpayers, according to a statement by Ministry of Finance.
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CBDT notifies 'Direct Tax Vivad Se Vishwas Scheme, 2024' to resolve pendin
Updated : 1 year, 8 months ago IST
This scheme, aimed at resolving pending income tax disputes, will come into effect from October 1. It seeks to provide an efficient framework for taxpayers to settle their outstanding appeals, streamlining the resolution process for various tax-related disputes.
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Former CM of PoGB exposes prevalent corruption in local administration
Updated : 1 year, 8 months ago IST
Rehman in his statement said, "It seems that the government and the local bureaucracy have reached an agreement and have divided the taxpayers' money amongst them. And they will not disturb each other so that their corruption continues uninterrupted."
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Pakistan: Social media users, freelancers face problems due to internet di
Updated : 1 year, 9 months ago IST
A significant number of Pakistani youth have been impacted by the slow internet speed, which has affected their work and resulted in clients not coming to them for work.
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Sitharaman says "numbers speak for themselves" as Indians increasingly opt
Updated : 1 year, 9 months ago IST
In the Budget for 2020-21, the government, in order to provide relief to individual taxpayers and to simplify the income-tax law, had proposed to bring a new and simplified personal income tax regime wherein income tax rates were significantly reduced for those who forgo certain deductions a
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New tax regime offers a clear and straightforward calculation of tax liabi
Updated : 1 year, 9 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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51 lakh, or 7.5% more Indians filed income tax returns this year; 72% of t
Updated : 1 year, 9 months ago IST
The total number of ITRs for assessment year 2024-25 filed till July 31, 2024 is more than 7.28 crore, which is 7.5 per cent more than the total ITRs for assessement 2023-24 (6.77 crore) filed, a Ministry of Finance release stated on Friday. Out of the total ITRs of 7.28 crore filed, 5.27
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"Honest taxpayers of Pune have been completely cheated by govt": Supriya S
Updated : 1 year, 10 months ago IST
"The taxpayers are suffering due to the government's mismanagement. My demand is that they have to give a clear package, clean the area, and ensure food and water supply. People's documents have gone missing, children's books have gone missing, and the government has to pay for all this.
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'Honoring the honest': Gujarat CM Bhupendra Patel honors taxpayers
Updated : 1 year, 10 months ago IST
Gujarat Chief Minister Bhupendra Patel praised the transformation of the tax system from a process-centric to a people-centric model, a change driven by the reform, perform, and transform vision under Prime Minister Shri Narendra Modi's leadership.
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Budget has given new incentives to taxpayers for filing tax returns under
Updated : 1 year, 10 months ago IST
Under the proposed provisions, if a salaried or a retired taxpayer chooses the new tax regime, he will now get a standard deduction of Rs 75,000 instead of Rs 50,000, which was applicable till last year, on his/her salary or pension income. But for those who opt for the old tax regime the st
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