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VOLUNTARY TAX DEPOSIT
EPF Scheme 2026 replaces EPF Scheme 1952: Have EPF interest rate, contribution and wage ceiling changed?EPF Scheme 2026: The Employees' Provident Funds Scheme, 2026, has replaced the 1952 version, bringing the EPF under the new Social Security...
Didn’t report FD interest in your ITR? Here’s how you can still correct the mistakeMissed reporting your Fixed Deposit interest in your Income Tax Return? Don't worry, you can still fix it. The Income Tax Department receiv...
Claiming your inheritance by executing a Will: What legal heirs must know about nominees, probate and asset transfersExecuting a Will in India is often more complex than believed, involving numerous institutions and documentation hurdles. Nominees do not a...
Will registration at Rs 100 in Maharashtra: Why homeowners in cooperative societies, senior citizens should not delay estate planningA Will has always been optionally registrable under Section 18 of the Registration Act, 1908, and registration is not mandatory for validit...
GST evasion of Rs 1.95 lakh crore detected by CGST officers during April-JanuaryCentral GST officers detected Rs 1.95 lakh crore tax evasion in 25,397 cases between April and January of the ongoing fiscal. The governmen...
More savings in the offing: VPF limit for tax-free interest may be hikedThe move is aimed at encouraging the lower-middle and middle income salaried classes to save more via EPFO and enable them to build a reaso...
Fake ITC claims detection by central GST officers up 51 pc at Rs 36,374 cr in FY24Detection of fake input tax credit (ITC) claims by central GST officers rose 51% to Rs 36,374 crore in 2023-24, Parliament was informed. In...
Taxman told to refund HSBC voluntary depositThe high court concluded that the rejection of the refund was illegal as it violated Article 265 read with Article 14, and observed that th...
Can Senior Citizen Savings Scheme account be closed anytime? What are the penalties for premature withdrawalDepositors are allowed to open multiple accounts under this plan, with a cumulative maximum limit of Rs. 30 lakhs for all accounts. The SCS...
GST officials can’t force recovery during searches“In case of any wrongdoing on the part of any tax officers, strict disciplinary action as per law may be taken against the defaulting offic...
Tax liabilities of perfume maker Piyush Jain yet to be determined: DGGIDismissing reports that the department had treated the recoveries as turnover and the accused has been allowed to deposit Rs 52 crore as ta...
Plus and minus points of various debt investment products and whom they will suitSmaller banks offer better rates. However, weigh the risks before investing. While chasing higher returns, you should not ignore safety or ...
6 fixed income investments to help you save tax under section 80CLong-term debt investments should form a part of every investor's portfolio to maintain stability. However, investors should know that most...
Need to make additional GST payment? Here’s how to go about itPayment using DRC 03 can either be voluntarily by the taxpayer when he or she discovers the shortfall, or it can be when the taxman issues ...
Deposit in bank accounts of political parties exempt from taxIT Act grants exemption from tax to political parties on income that could be from house property, other sources, capital gains and contrib...
These are the only 4 tax options if you hold black moneyThis analysis will help you understand under which option immunity from other laws would be available and where it would not be.
Delhi High Court orders return of fines to travel sitesThe court says that DGCEI had acted with 'undue haste and in a reckless manner'.
- White Paper on black money against tax immunity schemes
The White Paper on black money today virtually ruled out the possibility of a voluntary disclosure or gold deposit tax immunity schemes to ...
- Keynote sees VDS as possible solution to financial woes
Keynote Capitals Research is in favour of the government introducing another Voluntary Disclosure of Income Scheme, in the line of one intr...
- Hit 55 and you can be on Cloud 9
Senior citizens who have taken voluntary retirement will be eligible to invest their funds in the 9% Senior Citizens Savings Scheme at the ...