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Union Budget: How to be fair to the salaried workers

July 19, 2024 4:49 pm

This article is about the last stakeholder – the household and the salaried worker powering it. What can we expect out of this budget realistically, and what should we aim for?

GST portal does not accept monthly returns until the entire tax is paid. This must change

May 18, 2024 12:02 pm

Till this is done, the time limit of November 30 prescribed for availing input tax credit should not be enforced

GSTN advises taxpayers to plan return filing, invoice uploading to avoid last-minute rush

May 05, 2023 9:37 pm

Around 45 per cent of the returns filed on April 20 were either NIL returns (no tax liability and no ITC availment) or were such returns where no tax was paid in cash.

GST Council may consider national bench of AAAR next month; move to give certainty to taxpayers

May 19, 2019 2:17 pm

Sources said the revenue department is mulling on the idea of a national bench of AAAR since it feels that the Authority for Advance Ruling (AAR) mechanism in its current form is not serving its objective of providing certainty to taxpayers under the Goods and Services Tax (GST) regime.

For ‘super rich’ it’s pay tax now, may get refund later

February 19, 2014 5:54 am

For individual tax payers, the deadline for the first tranche of advance tax payments is September 15, by when the Finance Act would be passed.

Early bird incentive on property tax deferred

July 23, 2013 1:39 am

Tax payers in the city will have to wait before they can avail early bird incentive scheme on payment of property tax since the Brihanmumbai Municipal Corporation has deferred its implementation to the next financial year

Tax dept to closely scan returns from low-tax havens

June 29, 2013 1:49 am

* Move to shore up revenue collection,widen tax base

E-filing tax returns to be completely paperless

June 22, 2013 3:03 am

E-filing of income tax returns will become completely paperless in a few months. The 2.14 crore tax payers

I-T department aims to cut down litigation

June 17, 2013 1:20 am

Tax payers caught in legal battles with the income tax department may be in for a relief. The department,known to be the biggest litigant in the government,has decided to work towards changing the mindset of the officials responsible for the litigations.

Mandatory e-filing returns for income above Rs 5 lakh

March 06, 2013 12:42 am

All the tax payers having taxable income of more than Rs 5 lakh will now have to file their income tax returns electronically

TAX PAYERS VIDEOS

There is no new idea in Budget 2016-17: P. Chidambaram

February 29, 2016 4:37 pm

New Delhi, Feb 29 (ANI): Congress Leader P. Chidambaram on Monday said that one big take away from Budget 2016-17 was that there is no new idea presented by Finance Minister Arun Jaitley, adding that NDA has followed its own brand of budget making. He further said that there is no major relief for tax payers, and the reduction of corporate tax rate from 30 percent to 29 percent for a very limited class, is laughable. He said that the only virtue of the budget is that it has left every section disappointed and he is happy that the UPA schemes have been continued with. He added that the government is boasting that they collected more tax than ever, but it was only due to excise on crude and not from corporate tax.