Government Extends Date For Filing Tax Forms On Foreign Payments Till August 15, 2021
New Delhi: Giving further relaxation for manual filing of forms 15 CA and 15 CB related to foreign remittances, the Central Board of Direct...
GST Collection At Rs 1.52 Lakh Crore In October, Second Highest Ever
New Delhi- GST revenues registered the second highest collection ever at Rs 1.52 lakh crore in October, reflecting pick up in economic activity in...
I-T Dept Relaxes Time Till Feb’2022 For Taxpayers To Complete Verification Of FY’20 ITRs
New Delhi- Taxpayers who have not e-verified their ITRs for 2019-20 fiscal can complete the verification process by February 28, 2022, as the Income...
Govt To Review New Taxes Levied On Crude, Diesel, ATF Every Fortnight: FM
New Delhi- Finance Minister Nirmala Sitharaman on Friday said the government will review every fortnight the new taxes levied on crude, diesel and ATF...
Taxpayers Should Check AIS Quarterly, Report Discrepancies: Finance Ministry
New Delhi- Taxpayers should check their annual information statement every quarter and flag any discrepancies to help curb instances of wrongful HRA deductions, a...
Key Changes In Capital Gains Tax Structure On The Anvil
New Delhi- The Finance Ministry is looking at rationalising long-term capital gains tax structure by bringing parity between similar asset classes and revising the...
GST Mop Up In Nov At Rs 1.31 Lakh Cr, Second Highest Since Rollout
New Delhi- Goods and Services Tax (GST) collections jumped to over Rs 1.31 lakh crore in November, the second highest since its implementation in...
Government Abolishes Periodic Licence Renewal of Customs Brokers
New Delhi: The essential requirement of periodic renewal of licences of customs brokers and authorised carriers, has been removed by the Central Board of...
Allow Deductions, Hike Threshold For Levying Peak 30% Tax: Experts
NEW DELHI- Investments in PPF and other tax savings schemes should be allowed as deductions, and the threshold for 30 per cent tax should...
Net Direct Tax Collection Grows 19 Pc So Far In FY’24 To Rs 14.70...
New Delhi- The net direct tax collection so far this fiscal rose 19.41 per cent to Rs 14.70 lakh crore, reaching about 81 per...