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

2 pc TDS on cash withdrawals of over Rs 1 crore from Sep 1: Tax dept

If a person has already withdrawn Rs 1 cr or more in current fiscal, the 2 pc TDS shall apply on all subsequent cash...

31 Aug 2019 5:28 AM

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.

7 benefits of filing your income tax return

To avoid penal actions, ensure that you file your income tax return on or before the August 31, 2019 deadline.

14 Aug 2019 9:23 AM

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

Govt exempts cash payments above Rs 1 cr via AMPC from 2 pc TDS

Government had made the provision of levying 2 per cent TDS on cash withdrawals exceeding Rs 1 crore.

17 Sept 2019 3:39 AM

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 7:03 AM

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.

Paid heavy taxes last year?

How can you avoid this heartburn? Here are a few ideas.

16 Aug 2018 1:13 AM

experts said the proposal will increase the compliance burden on e-commerce operators as they will have to deduct 2 per cent TDS and deposit it with the government.

Flipkart, Snapdeal to deduct TDS under new GST law

The model GST law provides for 1 per cent TDS to be deducted by the E-commerce operators.

27 Nov 2016 1:22 PM

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.

Filing I-T returns: a step-by-step guide to fill ITR-1 Sahaj form

ITR-1 Sahaj form is a simple, seven-structure form for individuals earning up to Rs 50 lakh.

6 July 2017 8:25 AM

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.

There may be a 'genuine case' for govt extending ITR deadline: reports

According to an official, taxpayers this year have been facing many new difficulties, so the deadline may be extended.

28 July 2017 2:41 PM

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.

Why the govt should extend deadline for filing income tax returns

From several new changes in rules to GST, there are various reasons why the deadline for ITR filing should be extended...

28 July 2017 9:32 AM

RBI had issued a notification saying that the withdrawal limit of cash from savings bank accounts will be relaxed to Rs. 50,000 from February 20

Decision on 30 pc House Rent Allowance likely today

Empowered Committee of Secretaries to discuss today allowance structure for central govt employees.

24 May 2017 7:45 AM

I-T department said that Centralised Processing Centre (CPC) has already processed over 4.19 crore income tax returns (ITRs) and issued over 1.62 crore refunds during the period.

'Govt must review tax on cash deals over Rs 2 lakh'

TDS on transactions above Rs 2 lakh could be revisited to revive consumer demand.

22 Feb 2017 12:27 PM

Income Tax officials conducted a raid at Tamil Nadu Chief Secretary Rammohan Raos residence in Chennais Anna Nagar on Wednesday. (Photo: PTI)

TDS default: I-T dept issues over 850 prosecution notices

The I-T department has netted Rs 2.85 lakh crore revenue till January 31, 2017 under the TDS category.

22 Feb 2017 10:01 AM