Income tax filing to take just one day; Infosys to develop new system
The Union Cabinet yesterday sanctioned close to Rs 4,242 crore for the next-generation income tax filing system, which will cut down the processing time for returns to just one day from 63 days currently while More...
Income Tax rules: 10 ways taxpayers have been affected in the run up to Budget 2019
Budget 2019: Modi government is all set to announce its last budget of the current tenure on February 1 this year and the middle class are expecting a lot of favour from Finance Minister Jaitley this year before More...
Integrated farming to double income
Under new system, farmers will take up various activities The State has come out with its own variant of the concept of “doubling farmers’ income,” through the integrated farming system (IFS). To be implemented More...
When to file revised income tax return (ITR) and how to do it
The income tax return (ITR) filed for AY 2018-19 can be revised till 31 March 2019, or before the assessment happens, whichever is earlier. Photo: iStockphoto More than 34 million people filed their income tax More...
Types of income tax notices and penalties for various offences
Identify your potential Audience with Native AdsSponsored by Colombia Section 131(1A) & Section 133A An individual can receive a tax notice for a variety of reasons. Here is what the notices under different More...
Red flags to avoid while filing income tax return
These mistakes will alert the taxman Here’s a list of seven red flags you need to avoid while filing your income tax return (ITR). These discrepancies in your tax return can alert the I-T department and More...
ITR filing: 10 things about income tax return you probably didn’t know
Income Tax Return filing: It is mandatory for an Individual to furnish the details of his assets and liabilities in the income-tax return if his income exceeds Rs 50 lakh. We generally exercise due care while More...
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 More...
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...
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...