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Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

Panel to overhaul direct tax law seeks 3 months extension

The panel was initially supposed to submit its report to the government, within 6 months, by May 22, 2018.

27 Feb 2019 3:52 PM IST

Normally, the deadline to file your income tax returns is July 31 every year. This year, as it often does, the government extended the deadline to August 31.

Six steps to plan for taxes after retirement

Before retirement it's essential for you to plan your taxes, investments, and returns.

27 Feb 2019 1:17 PM IST

Normally, the deadline to file your income tax returns is July 31 every year. This year, as it often does, the government extended the deadline to August 31.

5 last minute tax saving suggestions

Choosing the most suitable tax-saving investment option is a tough task, and it should be done cautiously.

26 Feb 2019 6:25 PM IST

Normally, the deadline to file your income tax returns is July 31 every year. This year, as it often does, the government extended the deadline to August 31.

Avoid buying life insurance just to save income tax

The life insurance business has grown manifolds in India because of the efforts put up by million agents, lakhs of...

26 Feb 2019 1:34 PM IST

Normally, the deadline to file your income tax returns is July 31 every year. This year, as it often does, the government extended the deadline to August 31.

IT e-returns witnesses rapid growth than the taxpayer base

The growth track in direct tax collected approximately echoes the growth in influential taxpayer base, rather than the...

25 Feb 2019 1:07 PM IST

If you are under the age of 60, heres a check list to help you plan your money decisions to create wealth, insure adequately, and save tax in 2018-19.

CBIC sets up 3 working groups to facilitate exports, curb tax evasion

The working groups will focus on export promotion and facilitation.

23 Feb 2019 4:48 PM IST

Startups have also appealed that the government should also consider eliminating Minimum Alternate Tax for startups, which are DIPP certified.

There lays a voice that still opposes despite the easier norms,...

The only doubt that lies within the stakeholders is why were those startups, which received tax notices were not...

22 Feb 2019 5:56 PM IST

Normally, the deadline to file your income tax returns is July 31 every year. This year, as it often does, the government extended the deadline to August 31.

Get TDS till Rs 1 lakh under section 80D, but conditions apply

The government is offering benefits under Section 80D of the income tax act, making treatments from private hospitals...

21 Feb 2019 12:42 PM IST

An entity will now be considered a startup up to 10 years from its date of incorporation/ registration instead of the existing period of seven years.

Stratup definition, angel tax threshold expanded

Now an entity would be considered as a startup up to a turnover of Rs 100 crore as against the earlier limit of Rs 25...

20 Feb 2019 2:27 AM IST

Prime Minister Narendra Modi unveiled a slew of incentives to boost startup businesses, offering them a tax holiday, inspector raj-free regime and capital gains tax exemption as part of the startup action plan.

Govt relaxes norms, investment limit for angel tax concession to...

Govt has decided to relax angel tax norms for startups, including increasing the investment limit to Rs 25 cr.

19 Feb 2019 12:30 PM IST

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

CBDT clarifies stance on recovery of Rs 36 lakhs from start-up

The assessing officer made the addition after issuing proper show-cause notice and obtaining reply in the matter.

9 Feb 2019 11:35 AM IST

After joining this post (of Chief Minister), the first file I have signed is of farm loan waiver of Rs 2 lakh each, as I had promised to the farmers, Madhya Pradesh CM Kamal Nath said. (Photo: ANI)

Kamal Nath terms I-T raids on close aides poll stunt'

Mr Nath issued a one-page statement describing the I-T raids as an attempt to intimidate the Congress ahead of the LS...

9 April 2019 1:24 AM IST