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Taxes News

26 Jun 2024

DNA: Why is world afraid of sugar?

Income Tax department

10 Mar 2024

I-T Department Uncovers Cases Of Inadequate Tax Payments; Check Deadline Date

Persons/entities who are not registered on the e-filing website have to first register themselves on the e-filing website.

Nirmala Sitharaman

25 Mar 2022

Centre did not raise taxes to fund economic recovery, says FM Sitharaman

Sitharaman also took a dig at the Congress. She recalled that the then Prime Minister Indira Gandhi had prescribed marginal rate of taxation to 93.5 per cent.

08 Mar 2022

Tax saving FDs: THESE banks are offering better deals

Under this tax-saving programme, the minimum tenure or lock-in period for deposits is 5 years. A maximum tax exemption of Rs.1.5 lakh is available. Unlike other market-linked securities, the tax-saving fixed deposit provides guaranteed returns with minimal risk

18 Jan 2022

Earning Rs 10 lakh per annum? Here's how you can pay zero tax

Many people expect that the Finance Minister would restructure tax slabs in order to reduce their tax burden. Even those earning a robust Rs 10 lakh per year can plan on paying no taxes.

06 Dec 2021

ITR Filing: Incorrect bank account number? Here’s how to rectify it

When a taxpayer's taxes paid exceed his or her actual tax responsibilities, a refund is granted. Taxpayers must file an ITR to receive a refund of any overpaid taxes. Because the refund value is transferred back to the account by the department, the bank account number must be mentioned when filing ITR.

15 Nov 2021

Punjab is the most indebted state, taxes should be used for development: Sidhu

Taxes should not go to settle debt but go back to people in the form of development: Sidhu Sidhu said, financial accountability and transparency are the pillars of the Punjab model

Income tax portal

15 Jun 2021

ITR filing: This tax payment service not functional in new IT portal

The new portal, www.Incometax.Gov.In, was launched last Monday (June 7), with the tax department, as well as the government, saying it was aimed at making compliance more taxpayer-friendly. But users complained of technical issues from the very first day and not everything has been fixed even after a week, chartered accountants (CAs) said. But now the taxpayers will not have the option of the new tax payment system available on the income tax portal at present.

03 Oct 2018

Trump helped parents shield millions from taxes: Report

The White House has called the report 'misleading'.

19 Feb 2018

I should pay significantly higher taxes: Bill Gates

Microsoft founder and billionaire Bill Gates have said that he should pay more in taxes and that the government should require other super-wealthy people like him to contribute "significantly higher" amounts.

27 Dec 2017

Lindsay Lohan owes over USD 100k in taxes?

Currently, Lohan has been dividing her time London and Dubai

22 Aug 2017

Cambodia PM Hun Sen orders English-language newspaper to pay taxes or close

"Pay taxes to the state if you want to exist. If you don`t pay taxes, pack your bag and leave," Hun Sen said in a speech at a ceremony in Phnom Penh. He called the daily "thief chief".

15 Aug 2017

Rs 1.75 lakh crore under scrutiny post note ban: PM Modi

Vowing to continue the crackdown on black money, Prime Minister Narendra Modi on Tuesday said that over Rs 1.75 lakh crore deposited in banks post note-ban and more than 18 lakh people with disproportionate income are under government scrutiny.

30 May 2017

Scope for rationalisation of GST rates: Hasmukh Adhia

Revenue Secretary Hasmukh Adhia on Tuesday said there is scope for rationalisation of tax rates fixed for GST regime and the intention of the government is to increase the revenue without hiking tax rates.

18 Nov 2016

Black money: IDS 'major success', will yield Rs 29,362 cr in taxes, says Arun Jaitley

Describing domestic black money declaration scheme IDS as a "major success", Finance Minister Arun Jaitley Friday said it will yield Rs 29,362 crore in taxes, which is three times the amount garnered by the then government in 1997 amnesty scheme, VDIS.

10 Nov 2016

Pay utility bills, tax till Nov 11 using old Rs 500, Rs 1,000 currency notes

Giving some more relief to common man, the Centre today said old Rs. 500 and Rs. 1,000 notes can be used to pay utility bills, taxes, penalty and fees to central and state governments till midnight of November 11.

03 Sep 2016

Govt gives declarants option to come up with undisclosed income through e-filing

With just four weeks remaining for the black-money disclosure scheme to close, the government has given declarants an option to declare their undisclosed income through electronic filing rather than physical presentation of documents.

24 Jul 2016

Govt should resist urge of control everything: Arun Jaitley

Government should resist the urge to control everything in a liberalised economy, Finance Minister Arun Jaitley said here on Sunday.

03 Jul 2016

Good News! Now file tax returns at the click of mouse

Apart from facilitating filings, some portals also suggest possible investment opportunities for the users to save on their tax liabilities.

Islamic state in Iraq and Syria

29 May 2016

'USD 100 for shaving beard: ISIS imposes new fines, taxes'

In response to their worsening financial situation, the Islamic State in Iraq and Syria (ISIS) is continuing to increase taxes and fines throughout its territory and in some cases introducing new ones.

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