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Refunds have been issued to 1.84 crore individual taxpayers
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Minister of State for Finance Anurag Thakur said the government has taken various initiatives in the recent years to bring back black money from abroad
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On February 1, Finance Minister Nirmala Sitharaman announced the Union Budget for 2021-22. It was labelled as a ‘safe’ budget in context of the ongoing pandemic because nothing startling came out of it. However, FM decided to please the senior citizens by announcing a special exemption for the pension class. In her Budget speech, Nirmala […]
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So far, 1,25,144 cases have opted for the Vivad se Vishwas (VsV) Scheme, which is 24.5 per cent of the 5,10,491 cases that were pending at different legal fora, according to sources in the Department of Revenue
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The rationalisation of reopening of cases announced in Budget would bring in more certainty to taxpayers
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"I would say what has been hitherto the perception outside that we are tax enforcers, I would like to change it to as being perceived as tax facilitators," said Mody,
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If you are someone who tends to forget dates of tax-related filing deadlines, then you need to bookmark this link.
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He said a tax return is picked up for scrutiny only in case of mismatch and where multiple red-flags are being shown by the system.
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Dividend earned on Real estate investment Trust (REIT) and Infrastructure Investment Trust (InvIT) will not be taxed.
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The GST revenues during January 2021 are the highest since introduction of GST.