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TAXPAYER ANXIETY
18 koalas moved to Kangaroo Island in the 1920s; a century on, 27,000 descendants are stripping eucalyptus bare and risk mass starvationKoalas are overpopulating in South Australia's Mount Lofty Ranges. This boom threatens eucalyptus forests, their food source. Scientists pr...- Is tax clearance mandatory before foreign travel? What the Income-Tax Act, 2025 saysThe introduction of Form 157 and Form 159 under the Income-Tax Rules, 2026 has sparked confusion over whether tax clearance is now mandator...
- Income Tax Department asks taxpayers to ignore erroneous advance tax payment nudge campaign emails highlighting 'significant transactions'Taxpayers are receiving emails from the Income Tax Department about 'significant transactions' and potential shortfalls in advance tax paym...
- Income tax for new India: Freelancers, gig workers and more; nature of earnings has changed, and Budget 2026 must address themFor a growing section of taxpayers - young professionals, gig workers, and freelancers - filing a tax return still remains complex. Multipl...
- Real-time income tax refund tracker on the ITR e-filing portal is needed in Budget 2026, say expertsExperts are urging the government to introduce a real-time income tax refund tracker on the e-filing portal ahead of Budget 2026. This move...
- Season’s Greeting? Taxman turns New Year party pooperTaxpayers are receiving unexpected emails from the Income Tax Department. These messages halt tax refunds due to discrepancies in claimed d...
- Poilievre's fiscal promises failing to woo Canadian votersPoilievre's Conservative platform, featuring tax referendums and spending cuts, hasn't boosted poll numbers. Critics question its practical...
- I-T department introduces 'e-Pay Tax' feature on portalThe Income Tax Department has launched the 'e-Pay Tax' feature on its online portal, streamlining tax payments for individuals and small bu...
- Will Budget 2025 announce closure date of old tax regime under Income Tax Act?Many tax experts expect changes in the income tax slabs under the new tax regime in Budget 2025. This is because the government, since the ...
- Moving towards a less taxing futureThe government harmonised capital gains tax across asset classes, reducing tax arbitrage among equities, real estate, and gold. This move a...
- I-T dept will erase petty tax demands on its own: CBDT chairman on Budget announcementUnion Finance Minister Nirmala Sitharaman had on Thursday declared the government's proposal to withdraw outstanding direct tax demands up ...
- Govt to withdraw 1.1 crore small tax demands totalling Rs 3,500 crore: Revenue SecretaryIn her interim budget speech for 2024-25, Finance Minister Nirmala Sitharaman announced withdrawal of outstanding direct tax demands up to ...
- All outstanding personal tax demand notices up to Rs 25,000 withdrawn till FY 2014-15 in Budget 2024Withdrawal of outstanding income tax demands: The new announcement has been made in the Budget 2024 will benefit one crore taxpayers.
- Older petty tax demands to be waivedThis is expected to benefit up to a crore taxpayers who are still disputing such older tax demands. This comes at a time when taxpayers hav...
- CBDT further extends timelines for filing tax audit report, Transfer Pricing returns"On consideration of difficulties reported by the taxpayers and other stakeholders due to COVID and in electronic filing of various reports...
- No more tense meets with taxmanFM Sitharaman had announced launching of the scheme in 2019 that would provide e-assessment of income-tax in electronic mode with no human ...
- GST portal stops functioning, fails to resume after ‘scheduled downtime’The last date for filing GSTR-3B form for July is August 20, which is a summary return of details of outward supplies, inward supplies, cre...
- Taxpayers should not be harassed post demonetisation, says Economic SurveyReferring to demonetisation, the Survey says it is imperative that the effort to collect taxes on newly disclosed (and undisclosed) wealth ...
- Government to notify the rules for advance pricing arrangement soonMove to help avoid frequent transfer pricing litigation with MNCs that has soured sentiments.
- Little to worry if your accounts are cleanDoes the thought of the taxman knocking at your door haunt you?
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