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Cabinet Clears New Income Tax Bill: Report
The Union Cabinet on Friday approved the new income tax bill, which will replace the six decades old I-T Act, sources said.
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Here's What Will Happen If You Don't Link Your PAN and Aadhaar By March 31
Aadhar Pan Card Linking: All taxpayers have to mandatorily link the two by March 31, 2023, failing which they will be liable to consequences under the I-T Act and have to suffer a number of implications.
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IT Department Notifies TDS Disclosure Requirements for Crypto, Virtual Digital Assets
The income tax department has announcement TDS disclosure requirements for cryptocurrency, virtual digital assets. From July 1, 1 percent TDS will be charged on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year.
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Crypto Mining Cost Not Allowed as Deduction Under I-T Act: Finance Ministry
Cost incurred in the mining of cryptocurrencies or any virtual digital assets (VDA) will not be allowed as deduction under the Income Tax Act, Minister of State for Finance Pankaj Chaudhary said on Monday.
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Delhi High Court Notice To I-T Department Over Robert Vadra's Plea
The Delhi High Court on Friday issued notice to the Income Tax Department over businessman Robert Vadra's plea challenging notices issued to him on December 4, 2018, and December 18, 2019, under the Black Money Act, 2015.
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How Do You Pay Taxes on Bitcoin Income in India? No One’s Sure.
Gadgets 360 spoke to CAs to find out how to declare your cryptocurrency income when filing income tax returns in India.
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Bank Fixed Deposits That Save Income Tax: Five Things To Know
With income tax saving fixed deposits (FDs), you can claim deduction for investments up to Rs 1.50 lakh under the section 80C of the income tax (I-T) Act
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Benami Act Violators To Face Double Whammy Of Legal Action
The tax department today warned that those who undertake Benami transactions would invite Rigorous Imprisonment (RI) of up to 7 years and such violators would also stand to be charged under the normal I-T Act.
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Chargesheet Against Amarinder Singh In Foreign Assets Case By Income Tax Department
The Income Tax department has filed a charge sheet against Punjab Congress chief Amarinder Singh in connection with its probe against him and his son in a case of alleged untaxed foreign assets.
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Government Keen On Proper Discussion On GST Bills In Parliament
Government is keen to have proper discussion on the three GST legislations in Parliament even as the Lok Sabha today pushed through the I-T Amendment Bill amid din without debate.
-
Cabinet Clears New Income Tax Bill: Report
The Union Cabinet on Friday approved the new income tax bill, which will replace the six decades old I-T Act, sources said.
-
Here's What Will Happen If You Don't Link Your PAN and Aadhaar By March 31
Aadhar Pan Card Linking: All taxpayers have to mandatorily link the two by March 31, 2023, failing which they will be liable to consequences under the I-T Act and have to suffer a number of implications.
-
IT Department Notifies TDS Disclosure Requirements for Crypto, Virtual Digital Assets
The income tax department has announcement TDS disclosure requirements for cryptocurrency, virtual digital assets. From July 1, 1 percent TDS will be charged on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year.
-
Crypto Mining Cost Not Allowed as Deduction Under I-T Act: Finance Ministry
Cost incurred in the mining of cryptocurrencies or any virtual digital assets (VDA) will not be allowed as deduction under the Income Tax Act, Minister of State for Finance Pankaj Chaudhary said on Monday.
-
Delhi High Court Notice To I-T Department Over Robert Vadra's Plea
The Delhi High Court on Friday issued notice to the Income Tax Department over businessman Robert Vadra's plea challenging notices issued to him on December 4, 2018, and December 18, 2019, under the Black Money Act, 2015.
-
How Do You Pay Taxes on Bitcoin Income in India? No One’s Sure.
Gadgets 360 spoke to CAs to find out how to declare your cryptocurrency income when filing income tax returns in India.
-
Bank Fixed Deposits That Save Income Tax: Five Things To Know
With income tax saving fixed deposits (FDs), you can claim deduction for investments up to Rs 1.50 lakh under the section 80C of the income tax (I-T) Act
-
Benami Act Violators To Face Double Whammy Of Legal Action
The tax department today warned that those who undertake Benami transactions would invite Rigorous Imprisonment (RI) of up to 7 years and such violators would also stand to be charged under the normal I-T Act.
-
Chargesheet Against Amarinder Singh In Foreign Assets Case By Income Tax Department
The Income Tax department has filed a charge sheet against Punjab Congress chief Amarinder Singh in connection with its probe against him and his son in a case of alleged untaxed foreign assets.
-
Government Keen On Proper Discussion On GST Bills In Parliament
Government is keen to have proper discussion on the three GST legislations in Parliament even as the Lok Sabha today pushed through the I-T Amendment Bill amid din without debate.
