Handmade hollow noodles increase income of local people in China’s Hebei

A villager dries handmade hollow noodles in Wangqing Village, Handan City of north China’s Hebei Province, June 12, 2018. Handmade hollow noodles increase the income of local people in Wangqing Village, where the making of the hollow noodles has a history of over 100 years. (Xinhua/Wang Xiao) [“Source-xinhuanet”]  More...

by Loknath Das | Published 7 days ago
By Loknath Das On Wednesday, June 13th, 2018
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Planning to take interest-free loan from your employer? Now pay income tax on it

The employee who receives an interest-free loan must ensure that his employer deducts TDS on the total salary income, including the perquisite value of such a loan. Getting interest-free loans from employers More...

By Loknath Das On Wednesday, June 13th, 2018
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Two Days Left To Pay First Instalment Of Advance Income Tax

Advance tax deadline: Quoting of your PAN is mandatory while filing income tax returns. June 15 is the last date to pay the first instalment of advance income tax. Days ahead of the advance income tax deadline, More...

By Loknath Das On Saturday, June 2nd, 2018
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All Seven Forms Of Income Tax Return Uploaded For E-filing. What Are These Forms. Details Here

The ITR-2 form is used by individuals and Hindu Undivided families (HUFs) HIGHLIGHTS Seven types of ITR forms applicable to different assessees Last date to file income tax return is July 3 Taxman started More...

By Loknath Das On Saturday, June 2nd, 2018
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Be An Informer For Income Tax Department; Earn Up To Rs. 5 Crore

The reward scheme is aimed at encouraging people to give info on benami transactions (Representational) NEW DELHI:  Sharing “specific information” with the income tax department about any benami transaction More...

By Loknath Das On Tuesday, April 3rd, 2018
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From Income Tax Rules To New GST E-Way Bill; Changes That Came Into Effect From April 1

The new income tax (I-T) rules came in force from April 1. There are some major announcements and financial changes that came into effect from April 1, 2018, the first day of financial year, 2018-19. These includes More...

By Loknath Das On Tuesday, April 3rd, 2018
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Income Tax Returns (ITR) Filing Deadline Ends Today. Ten Things To Know

ITR filing online is quite convenient on the income tax filing portal HIGHLIGHTS You can file revised income tax return before March 31 ITR-1 should be used for filing tax return by the salaried individual Income More...

By Loknath Das On Tuesday, April 3rd, 2018
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How Much Extra Income Tax Senior Citizens Can Save This Year

Extra deduction under Section 80TTB for senior citizens will be applicable from FY 2018-19. Finance Minister Arun Jaitley in Budget 2018 announced many changes in income tax laws which will help reduce the More...

By Loknath Das On Tuesday, February 20th, 2018
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Forgot to verify your income tax return? Here’s help

To complete the income tax returns (ITR) filing process, an individual is required to verify the return filed by him. The return must be verified within 120 days of filing. Verification can be done digitally More...

By Loknath Das On Tuesday, February 20th, 2018
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Income Tax Raided Nirav Modi Firms In January Last Year: Sources

Jeweller Nirav Modi has been accused of defrauding Punjab National Bank of Rs. 13,400 crore Nirav Modi, the celebrity diamond designer blamed for one of the country’s largest bank fraud, had been raided More...