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Latest Articles in taxes

Want To Pay Taxes Through Your Bank? Here Are Details

Kotak Mahindra Bank became the first scheduled private bank to be allowed by the government to collect direct and indirect taxes from the customers.

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Optimizing Your Taxes with New-Age Employee Benefits

When it comes to optimizing taxes and post-tax returns, the Finance Act – an annually enacted fiscal legislation, plays a critical role. Learning about it is essential as it includes new provisions, exemptions, and reliefs pertaining to your income taxes. The Government of India introduced a two-tax regime under the Finance Act 2020, giving taxpayers the option of choosing between two different regimes.

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Despite Record Tax Mop-Up, Govt Continues To Borrow Heavily, Hits 46% Of Target For FY22: Report

Overall, the government has collected 25.1 per cent of the budgeted taxes in Q1, which traditionally is low on taxation.

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Haryana to provide Rs 5 lakh as 'preparation money' to Olympic qualifiers

Haryana to provide Rs 5 lakh as 'preparation money' to Olympic qualifiers

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CBDT issues refunds of over Rs 1.5 crores to taxpayers between April 1 to December 27

CBDT issues refunds of over Rs 1.5 crores to taxpayers between April 1 to December 27

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Maha: TMC asks people to pay pending taxes by Jan; waives fines

The mayor has appealed to citizens to take maximum advantage of the scheme and clear all their pending dues.

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Trump Calls NYT Report On Tax Avoidance 'Fake News'

"Actually, I paid tax, and you will see that as soon as my tax returns - It's under audit, they have been under audit for a long time."

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I-T department refunds Rs 62,361 crore during COVID-19 lockdown days: CBDT

I-T department refunds Rs 62,361 crore during COVID-19 lockdown days: CBDT

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Govts Imposing Taxes In Times Of Distress Is 'Cruel', Says Chidambaram

Senior Congress leader P. Chidambaram's remarks come after the central government on Tuesday night hiked the excise duty on petrol by a steep Rs 10 per litre and that on diesel by Rs 13 a litre.

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Govts Imposing Taxes In Times Of Distress Is 'Cruel', Says Chidambaram

Senior Congress leader P. Chidambaram's remarks come after the central government on Tuesday night hiked the excise duty on petrol by a steep Rs 10 per litre and that on diesel by Rs 13 a litre.

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COVID-19 – Need To Restructure?

Handling these challenging times may require the organizations to adopt proactive realignment / restructuring measures. In this article, we have attempted to cover certain critical issues that are anticipated in these regards and measures may be looked at.

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From Vivad To Vishwas – Navigating Contours Of The Income Tax Dispute Resolution Scheme

The tax officers have also rolled out communications to the taxpayers, encouraging them to settle their pending disputes under the VSV Scheme.

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FM Announces Slew of Measures To Tackle Economic Impact of Corona outbreak

The FM said a separate ‘Economic Package’ is in works and will be announced “soon”, addressing the media via video link.

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New Simplified Tax Regime: Should You Opt For It?

There are other key aspects which need to be considered by the individual taxpayer. Some of them are discussed below.

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Amazon, Flipkart Challenge New Indian Tax On Online Sellers

The move is part of a broader plan by Prime Minister Narendra Modi's government to increase tax revenues and counter a sharp economic slowdown due to weakening consumer demand.

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