"Small businesses across the country that had accounts at Silicon Valley Bank and Signature Bank can breathe easier knowing they'll be able to pay their workers. It won't cost taxpayers a dime. This is paid for with the fees that banks pay into Deposit Insurance Fund," said Biden.
New Delhi [India], March 3 (ANI/NewsVoir): If you have received any message that contains a link asking users to download an application to avail Income Tax Refund or KYC benefits with the name of Income Tax Department or reputed Banks, Beware!
According to Haley, America spent USD 46 billion on foreign aid last year. That's more than any other country by far. Taxpayers deserve to know where that money is going and what it's doing. They will be shocked to find that much of it goes to fund anti-American countries and causes.
To facilitate taxpayers and to improve ease of filing, no significant changes have been made to the ITR Forms in comparison to last year's ITR forms, CBDT said in a statement.
Chairman Johri said, "We feel that there is a good scope for increasing the tax base. We will take the help of power distribution companies, take the data of electric meters and will also use the property tax data to increase the tax base of GST."
New Delhi [India], February 7 (ANI/SRV): The announcement of the revised tax slabs, presented in the Union Budget 2023 by the Finance Minister, Nirmala Sitaraman on the 1st of February came with a New Scheme under which there will be no payable income tax for those under 7LPA of personal inc
The income tax rebate limit available for salaried and individual taxpayers under the new income tax regime has been hiked to Rs 7 lakh from the present Rs 5 lakh.
Stepping up the attack on the opposition parties that "resort to politics of shortcut", Prime Minister Narendra Modi on Sunday said that leaders of such political outfits are the "biggest enemies of every taxpayer".
Taxpayers' Lounge aims to foster awareness about the services provided by the I-T department and to showcase its various initiatives in the areas such as digitalization, transparent taxation, online grievance redressal, e-PAN and e-filing for easing compliance.