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Sena (UBT) crisis: Operation successful, says Fadnavis; I never leave operations incomplete, asserts ShindeMaharashtra Chief Minister Devendra Fadnavis declared "Operation Tiger" successful, indicating defections from the Shiv Sena (UBT) to the E...- Rs 13 lakh cash payment for credit card bill triggers tax notice; man wins case after ITAT accepts ‘family gift’ explanationA Mumbai man faced a tax notice for using Rs 13 lakh cash to pay his credit card bill. He explained the cash as gifts from his wife, father...
- Is the Indian middle class dream over? Saurabh Mukherjea on the 3 forces crushing your futureIndia's middle class is in deep trouble. Education no longer guarantees prosperity. Jobs are disappearing, especially in IT. Wages are not ...
- 7 direct tax announcements in Budget 2021 and its impact on taxpayersIn order to encourage first time homebuyers, deduction on account of home loan interest up to Rs 1.5 lakh which was available on loans take...
- Maha loan waiver a 'surgical strike': CMHe described the farm waiver loan as a “surgical strike“ and a step that needed to be taken.
- Budget 2016: Here's the tax impact on individualsAs per the proposed changes, U/S 87A, approximately 2 crore tax payers to get additional relief of upto Rs 3,000 in case of income under Rs...
- Ex-RBI Governer Subbarao voices against loan waiver schemesSubbarao said that he is not in favour of farm loan waiver schemes being implemented by the governments of Andhra Pradesh and Telangana.
- Budget 2013: No change in tax rates or slabsFM in his Budget 2013 speech announced a tax credit of Rs 2000 for Rs 2-5 lakh tax payers bracket.
- Inaccurate return can increase tax liabilityET highlights the points you need to pay attention to while filing your IT return, especially since they have to be filed online
- How different taxpayers can distribute tax-saving investmentsHow you distribute your tax-saving investments depends on your needs and goals. ET Wealth looks at where taxpayers in five different situat...
- DTC retains select tax sops with a bit of a sweetenerSavings avenues like ELSS & bank term deposits, would not be eligible for deduction under DTC.
- Taxability of income from house property set to changeSome important concerns raised by various stakeholders on the DTC Bill, 2009, have been considered by the government and proposed changes i...
- Specified bonds can spare you capital gains taxOur expert offers tips on various tax-related issues.
- File tax return, but get your facts rightThe tax return form is required to be verified in the prescribed manner as per the provisions of Income-Tax Act, 1961 (the ‘Act’).
- Your house can be a personal tax haven!A roof over your head is a big security. Besides, your house also offers certain tax incentives whether you own it or rent it. More Tax New...
- Income tax benefits of EMI on home loansOne of the most important aspects to be remembered by a tax payer is that the house or flat must be complete.
- Govt to set up centralised offices for I-T notices, refundsIn order to reduce the interface between taxpayers and revenue officials, the government will soon introduce a centralised system for issui...
- Show ’em evidence and they will give you rebateRecords needs to be maintained for each deduction you claim in your tax returns.
- AIR to door: Taxman won’t come knocking at willThe recent uproar over the income tax department seeking cash flow statements of individual tax payers could result in some safeguards bein...
- Income tax slabs set for a rejigFinance minister P Chidambaram has sought to provide relief to 1.4 crore income tax assessees with annual taxable income of Rs 1,00,000 in ...
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