Amnesty scheme to settle tax arrears extended till March 31
India | March 09, 2019 14:28 ISTThe due date for depositing the second instalment expired on January 31
The due date for depositing the second instalment expired on January 31
Incriminating evidence found during the searches from January 3-5 on members of Sandalwood resulted in the defaulters admitting to Rs 109 crore unaccounted income.
An ELSS is a type of open-ended equity mutual fund which comes with a lock-in period of 3 years.
Tax on commonly used household items like TVs, refrigerators, washing machine and electrical appliances has been slashed to 18 per cent post GST rollout from over 31 per cent earlier, an analysis shows.
The target for the taxman is to add 1.25 crore fresh tax filers by the end of the 2018-19 financial year that ends in March next year, as per a directive of the Central Board of Direct Taxes (CBDT).
Flipkart had shared share purchase agreement with tax authorities in May, and I-T department is currently calculating the tax rate that would be applicable for investors in Flipkart who are selling the shares to Walmart. Significant shareholders like SoftBank, Naspers, venture fund Accel Partners and eBay, have agreed to sell their shares.
Goyal said the tax department can file appeals in ITAT/CESTAT only if the tax amount involved is Rs 20 lakh or more, up from Rs 10 lakh at present.
The board has also asked the exporters, traders and other claimants to avail to avail this opportunity of Special Refund Fortnight from May 31, 2018 to June 14, 2018.
Several changes and budget proposals including the reintroduction of the tax on long-term capital gains exceeding Rs 1 lakh from the sale of shares have kicked in from today.
Health insurance is an excellent tax-saving instrument that can help you save taxes. Also, if you have a life insurance plan, you are eligible to enjoy tax-deductions. Having said that, tax-saving instruments aren't limited to insurance only.
Former Los Blancos player Michel Salgado states that he cannot see Cristiano Ronaldo in any other colour. Ronaldo has been speculated of moving away from the club due to scrutiny over his personal income tax.
GST is the biggest tax reform the country has undertaken since Independence. It will bring the concept of One Nation One Tax.
India will turn into one market as the GST will come into effect at the stroke of midnight between June 30 and July 1.
Days after Apple began the manufacturing of iPhone SE in Bengaluru providing a major impetus to the government’s ‘Make In India’ campaign, India has now offered Apple Inc. tax-free import of components needed for local manufacturing, reports Reuters.
The tax that 1.3 billion Indians will pay on buying salt to luxury cars and on services like phone calls to dining out will be decided at the Goods and Services Tax (GST) Council meeting starting today in Srinagar
President Donald Trump is proposing “the biggest tax cut” ever even as the government struggles with mounting debt, in an effort to fulfil promises of bringing jobs and prosperity to the middle class.
It surely looks like comedy king of Bollywood Govinda is having a tough year. Recently, his latest flick “Aa Gaya Hero” failed terribly. The film not only crashed at the box-office but also it couldn’t
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