Tax Payment
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RBI Raises UPI Limit to Rs. 5 Lakh for Tax Payments, Introduces Delegated Payments Feature
The Reserve Bank of India (RBI) recently announced an increase in limit of Unified Payments Interface (UPI) transactions for tax payments. The decision was made as a part of RBI’s Monetary Policy announcement last week. With this, users can now transact up to Rs. 5,00,000 while settling their tax liabilities. Earlier, this limit was kept at Rs. 1...
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Advance Income Tax 2024: Last Instalment Deadline On March 15
Income Tax 2024 Alert: The Income Tax Department urges all taxpayers to settle their advance tax dues before the deadline. Failure to do so can lead to interest charges under sections 234B and 234C of the Income Tax Act.
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PhonePe Launches New Feature To Pay Income Tax
Digital payments and fintech platform PhonePe on Monday launched a feature to pay income tax through its app.
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Bengaluru Businessman Arrested While Trying To Leave India: Tax Officials
A city-based businessman, who has defaulted on income tax payments with arrears of Rs 11.94 crore plus interest, was on Tuesday detained to a civil prison at Parappana Agrahara Central Jail for six months for failing to make satisfactory arrangement for payment of arrears, officials said.
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Excise, Service Taxpayers To Migrate To GST Portal By January 31
As it targets April 1 rollout of Goods and Services Tax (GST), the CBEC on Monday asked assessees to migrate to the new tax payment portal by January 31.
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Ireland says it is not to blame for Apple's low tax rate
Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments
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Nicolas Cage has paid part of his tax debt
According to reports, the actor is slowly paying back the $13 million he owes in back taxes after splurging on extortionate purchases between 2004 and 2009.
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In Mumbai, no tax no death certificate
In what could be the only case of its kind, thousands of residents of Kharghar are in a fix over payment of property tax. After paying the Service Tax to City and Industrial Development Corporation (CIDCO) for a decade, the two Gram Panchayats in the area have started demanding property tax, that too with arrears over the same period. Things reache...
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Rajasthan: Go green and pay less taxes
If you have a plot of over 200 sq m but not a single tree then chances are that you may have to pay an additional urban land tax of Rs. 5000 per year. On the other hand, if you are growing trees on your land, this may lead to deduction in tax in accordance with the number of trees you have. The state government is all set to take a lead in bringing...
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RBI Raises UPI Limit to Rs. 5 Lakh for Tax Payments, Introduces Delegated Payments Feature
The Reserve Bank of India (RBI) recently announced an increase in limit of Unified Payments Interface (UPI) transactions for tax payments. The decision was made as a part of RBI’s Monetary Policy announcement last week. With this, users can now transact up to Rs. 5,00,000 while settling their tax liabilities. Earlier, this limit was kept at Rs. 1...
-
Advance Income Tax 2024: Last Instalment Deadline On March 15
Income Tax 2024 Alert: The Income Tax Department urges all taxpayers to settle their advance tax dues before the deadline. Failure to do so can lead to interest charges under sections 234B and 234C of the Income Tax Act.
-
PhonePe Launches New Feature To Pay Income Tax
Digital payments and fintech platform PhonePe on Monday launched a feature to pay income tax through its app.
-
Bengaluru Businessman Arrested While Trying To Leave India: Tax Officials
A city-based businessman, who has defaulted on income tax payments with arrears of Rs 11.94 crore plus interest, was on Tuesday detained to a civil prison at Parappana Agrahara Central Jail for six months for failing to make satisfactory arrangement for payment of arrears, officials said.
-
Excise, Service Taxpayers To Migrate To GST Portal By January 31
As it targets April 1 rollout of Goods and Services Tax (GST), the CBEC on Monday asked assessees to migrate to the new tax payment portal by January 31.
-
Ireland says it is not to blame for Apple's low tax rate
Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments
-
Nicolas Cage has paid part of his tax debt
According to reports, the actor is slowly paying back the $13 million he owes in back taxes after splurging on extortionate purchases between 2004 and 2009.
-
In Mumbai, no tax no death certificate
In what could be the only case of its kind, thousands of residents of Kharghar are in a fix over payment of property tax. After paying the Service Tax to City and Industrial Development Corporation (CIDCO) for a decade, the two Gram Panchayats in the area have started demanding property tax, that too with arrears over the same period. Things reache...
-
Rajasthan: Go green and pay less taxes
If you have a plot of over 200 sq m but not a single tree then chances are that you may have to pay an additional urban land tax of Rs. 5000 per year. On the other hand, if you are growing trees on your land, this may lead to deduction in tax in accordance with the number of trees you have. The state government is all set to take a lead in bringing...
