Tag archive for ‘Tax’
By Loknath Das On Monday, June 5th, 2017
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Income tax return: Do super senior citizens have to file returns?

My father is over 90 years of age and has income from pension, interest on fixed deposits and savings account. His total income is Rs 2 lakh per annum. He has no TDS refund claim. Is he required to file income More...

By Loknath Das On Saturday, June 3rd, 2017
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Tories vow not to increase income tax for UK’s richest

The Conservatives have ruled out raising income taxes on the highest earners – despite having refused to make the same pledge for taxpayers on lower incomes. Theresa May has repeatedly refused to rule out raising More...

By Loknath Das On Wednesday, May 31st, 2017
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Now Link Aadhaar With PAN Using SMS, Says Income Tax Department

New Delhi: The Income Tax Department today urged taxpayers to link their Aadhaar with their PAN, using an SMS-based facility. The department issued advertisements in leading national dailies and described how both More...

By Loknath Das On Tuesday, May 30th, 2017
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GST: Amusement park industry urges lowering of tax rate

With the imposition of a mammoth 28 per cent tax rate on amusement-theme parks under the forthcoming Goods and Services Tax (GST) regime, there exists an underlying threat to its survival as it will not only hamper More...

By Loknath Das On Monday, May 22nd, 2017
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Companies Spurned by Supreme Court on $1 Billion Michigan Tax Change

May 22, 2017, 7:05 PM GMT+5:30 The U.S. Supreme Court refused to question a Michigan tax change that companies including IBM Corp. and Procter & Gamble Co. say will hit them retroactively with a $1 billion More...

By Loknath Das On Monday, May 22nd, 2017
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Companies Spurned by Supreme Court on $1 Billion Michigan Tax Change

The U.S. Supreme Court refused to question a Michigan tax change that companies including IBM Corp. and Procter & Gamble Co. say will hit them retroactively with a $1 billion bill. The companies argued that More...

By admin On Wednesday, May 17th, 2017
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3 Ways to File Your Income Tax Return

Completing an income tax return is one of life’s miseries. Tax returns can be complicated and time consuming, and dealing with taxes is something that most people put off until the last moment. But avoiding your More...

By Loknath Das On Wednesday, May 17th, 2017
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Time Of Reckoning For Those Who Evade Tax, Says Arun Jaitley

New Delhi: Finance Minister Arun Jaitley on Tuesday said post-demonetisation cash transaction through tax-evaded money is no longer easy, as detection has become very efficient, thanks to digitisation. “After More...

By Loknath Das On Thursday, May 4th, 2017
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Why India should tax agricultural income

In 1925, the Indian taxation enquiry committee noted, “There is no historical or theoretical justification for the continued exemption from the income tax of income derived from agriculture. There are, however, More...

By Loknath Das On Tuesday, April 18th, 2017
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Income Tax Declaration To Employer 10 Changes You Should Be Aware Of

In the beginning of every fiscal year, employees are asked for details like their investment in ELSS (Equity Linked Savings Schemes), insurance policies, house rent, home loan, education loan etc. by their employer More...