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Can Modi government abolish TDS ? 05 June 2014
Tax Deducted at Source [TDS] is the advance payment in Income Tax and this belongs to the IT department. Taxes are the sources for Government revenue. Unless, common people pay tax, government cannot afford to move a step forward. Even...
Keywords: Taxpayers, TDS system, TDS is a delegation of Govt duty to the payer, Why TDS
Read MoreNo filing of I-T returns if salary is less than Rs. 5 lakh/year 22 February 2012
"An individual whose total income for the relevant assessment year does not exceed Rs 5 lakh and consists of only income chargeable to income-tax under...salaries...(and) income from other sources, by way of interest from a saving account in a bank,...
Keywords: No filing of IT returns, Finance Ministry, Salary less, assessment year 2012-13
Read More43 Lakh Income Tax Returns Filed In A Day 30 July 2022
43 Lakh Income Tax Returns Filed In A Day:- The Indian government denied extension of the last day to file the tax returns for the financial year 2022-23, the Indians had a rush to file the returns as the due...
Keywords: Income Tax Returns last day, Income Tax Returns latest, Income Tax Returns filed, Income Tax Returns 2022
Read MoreNew Income Tax Rules Formed; President Pranab Mukherjee Gives Approval 03 April 2017
President Pranab Mukherjee, today, gave his approval to the finance bill 2017, thus turning it into a law. This move came, just after two days, receiving a green signal from the Lower House. The Finance Bill, was, however, approved by...
Keywords: Tax reforms, Finance bill 2017, Finance bill 2017, Finance bill 2017
Read MoreFile Your Income Tax Returns By Today, As No More Extension Likely 05 August 2017
File Your Income Tax Returns By Today, As No More Extension Likely:- The deadline for filing income tax returns has been extended by the Government from July 31 to August 5 which is today. The taxpayers may not get yet...
Keywords: Form 16a, Form 16a, Income Tax Returns, Income Tax Department
Read MoreNo I-T returns for below Rs 5 lakhs per annum salary 21 July 2012
Salaried class gets respite from the Indian Income Tax department. As per the Finance Ministry from this financial year, salaried employees earning up to Rs. 5 lakhs a year no longer need to file income tax returns. The ministry is...
Keywords: salaried class, live news, ,
Read MoreNew and simplified ITR forms, govt. Notifies 24 June 2015
For the assessment year 2015-16, the IT department has notified the new set of simpler income tax return (ITR) forms for filing the returns. The earlier set of filing the returns has led to many controversies, as it sought details...
Keywords: finance, Finance Ministry, Finance Ministry, Aadhaar number
Read MoreFiling of income tax returns made user-friendly 01 June 2015
The central government has announced the simplified and thinner income tax return forms, which do away with the need for the unnecessary disclosures on the spending on foreign visits and dormant bank accounts and extended the deadline for filing the...
Keywords: Finance ministry, Income tax returns, ITR, Income tax returns
Read MoreIndian American indicted for tax fraud 21 June 2012
An Indian American was indicted in 19 cases relating to bribery and tax fraud. The US Police took 57-year-old Raguveer Naik into the custody and produced before the court today. He was facing indictments for paying off bribes to medical...
Keywords: mail fraud, Raguveer Nayak, 19 cases relating to bribery and tax fraud, US police
Read MoreNo Extension In IT Returns Filing Deadline, Clarifies Tax Dept 31 July 2017
No Extension In IT Returns Filing Deadline, Clarifies Tax Dept:- A top official said, the last date for filing of Income Tax Returns (ITRs) for the fiscal year 2016-17 will not be extended beyond today’s deadline i.e. July 31. The...
Keywords: Tax Returns, IT Returns, IT Returns, Tax Returns
Read MoreAmbani's female hacker only wanted his salary details 14 September 2013
Top industrialist Anil Ambani has been stripped of his financial details. At 21 years of age, this female chartered accountant had a lot of nerve to hack the leading businessman Ambani himself. She just wanted to check his income details...
Keywords: Ambani's income, tax returns hacked, Ambani's e-filing account hacked, Ambani's e-filing account hacked
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