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Since January 2018, over 100 firms have come out with bonus share issues.

Tax rules kill joy of bonus shares

Investors are now seeking amendments to Section 2 (42A) of the Income Tax Act.

8 April 2019 1:20 AM IST

With the new fiscal year beginning today, lets see how to rejig your finances.

Clean up your finances in April

Don't postpone investment decisions to the end of fiscal, you need to begin the process to avoid buying bad products.

1 April 2019 1:42 AM 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.

File ITR if you have high-budget foreign trips, steep electricity...

Any person claiming benefits of tax exemption from long term capital gains under various provisions will have to file a...

10 July 2019 11:36 AM IST

Investors who have received bonus shares from hundreds of companies over the past few years have been subject to the higher tax outgo.

Share buyback to attract higher tax

Indian IT stepped up payout of free cash flow through a mix of dividend and buyback (more tax efficient) in the past...

8 July 2019 2:28 AM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Tax force on direct taxes gets more time to submit report

The government has allowed the task force to submit its report by 16th of August 2019.

1 Aug 2019 10:56 AM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Govt slashes corporate tax to 25.17 per cent for domestic cos

The changes in the Income Tax Act and Finance Act will be made effective through an ordinance.

20 Sept 2019 11:15 AM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Income Tax Department eases criminal prosecution norms for TDS, ITR...

CBDT has laid down a new criteria to ensure only 'deserving cases get prosecuted'.

12 Sept 2019 12:33 PM IST

Quarter on quarter aggregate revenue of BSE 500 companies saw de-growth of 3.7 per cent from Rs 22,61,772.8 crore in January-March 2019 quarter while profit after tax saw 19 per cent growth from Rs 1,18,940.3 crore.

A balanced Budget despite several constraints

The finance minister has been more realistic by assuming nominal GDP growth of 10% for FY 21.

2 Feb 2020 3:41 AM IST

New Delhi: Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Lok Sabha, in New Delhi, Wednesday, Feb. 1, 2023. (Photo: PTI)

AA Edit | Sound Budget for stability, opportunity lost on reform

Green is the colour of the Budget, with a big thrust to green housing, green vehicles, green industries

2 Feb 2023 12:10 AM IST

The income tax department on Wednesday came out with draft notification for fresh registration of trusts who have carried out modification of their objects. (Photo: PTI)

IT Dept extends date for sending suggestions on new direct tax

CBDT said that the term for sending suggestion and feedback has been extended by a period of three months.

29 May 2018 8:53 AM IST

Any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000.

Cabinet approves tax information exchange pact with Brunei

The agreement enables the competent authorities of India and Brunei to provide assistance through exchange of...

16 May 2018 7:27 PM IST

CBDT has made available in the Compliance Module on the e-filing portal of the Income Tax Department the information relating to the identified non-filers.

Tax dept will act once Walmart gets regulatory nod in Flipkart deal

The department is currently studying the details received from the company.

3 Jun 2018 2:31 PM IST