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TAXPAYER FRIENDLY AMENDMENTS
US Senate approves $70 billion for Trump's immigration crackdownThe US Senate on Friday approved $70 billion in funding for Donald Trump's hardline immigration crackdown, handing the president a major vi...- Property tax overhaul in NDMC: What the new Unit Area System means for youThe New Delhi Municipal Council is adopting a new property tax system. This move to the Unit Area Method will bring fairness and predictabi...
- Top 10 winners get Rs 10,000 each: Income Tax Dept organises quiz on Income Tax Act, 2025 with cash prizesThe Income Tax Department is hosting a quiz on the new Income Tax Act, 2025. This initiative aims to boost citizen awareness of the taxatio...
- No arrest by income tax recovery officer if you have failed to pay pending tax demands; amended Finance Bill 2026The Ministry of Finance has removed the power of Tax Recovery Officers to arrest individuals for pending tax demands. This taxpayer-friendl...
- Old vs new income tax rules: Which set of rules will apply when you file your ITR for FY 2025-26?Taxpayers filing returns in 2026 will use the old Income Tax Act, 1961. The new Income-tax Act, 2025, takes effect from April 1, 2026, for ...
- New Income Tax Bill likely to be tabled by Finance Minister Nirmala Sitharaman in Parliament todayFinance Minister Nirmala Sitharaman is set to table the New Income Tax Bill which aims to simplify and modernize India’s tax system. The bi...
- Law amendments approved by GST Council to be incorporated in the Finance Bill: CBIC ChiefCBIC Chairman Sanjay Kumar Agarwal announced that decisions from the recent GST Council meeting, such as an amnesty scheme for initial GST ...
- Karnataka Assembly passes bill slashing penalty on property tax in Bengaluru by 50 percentDeputy Chief Minister D K Shivakumar, who holds the Bengaluru development portfolio, tabled the bill in the Legislative Assembly."With the ...
- Govt may remove penal offences covered under IPC from GST lawThe proposal, part of the exercise to decriminalise GST law, is likely to be taken up in the next meeting of the GST Council. Once approved...
- View: Amended I-T law spells trouble for taxpayersA proviso to Section 68 of the I-T Act stands amended. It provides that if a taxpayer takes a loan or borrows money, the amount credited in...
- GST returns: This is how the simplified return filing process looks likeIn the 27th meeting held on May 4, 2018 the Council had approved the basic principles of GST return design and directed the law committee t...
- High-income taxpayers to get priority treatment and extra facilitiesCentral Board of Direct Taxes has begun work on a plan based on the recognition that 80% of India’s direct tax is paid by 20,000 individual...
- Budget 2016 may offer sops for housing, healthcare, educationFinance Minister Arun Jaitley is likely to introduce some incentives in Budget 2016 that may include benefits for housing, healthcare and e...
- Easwar panel moots lower TDS rate among new proposals on taxA panel headed by Justice R.V. Easwar has recently come up with several taxpayer-friendly amendments to the tax laws.
- Taxman eyes service departments for complaint redressal"The entity will deal with grievances and make sure that services offered to taxpayers, both individuals and companies, improve," said an o...
- Industry body suggests e-hearing for tax assessment casesAssocham said that tax laws should be made simpler as it will help the taxpayer to compute the tax liability and compliance with tax laws m...
- E-returns: CBDT may soon do away with submission of ITRV formCBDT is mulling doing away with the mandatory submission of paper verification printout to its processing centre in Bangalore.
- No need to respond to tax notices for below Rs 100The Income Tax Department has asked assessees not to respond to notices of arrears of paltry amounts like Re 1, Rs 4 and Rs 6 as demands of...
- 'We'll debate on negative list for service tax'The government's tax revenue estimates for next fiscal do sound optimistic but the target will be achieved, says Union revenue secretary Su...
- I-T rates in direct tax code listThe government is planning to place the income-tax rates in the new direct tax code schedule. The schedule is akin to an annexure to the Ac...
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