-
Personal income tax: Mumbai first, Bengaluru in second spot in April-July
17 out of 18 CCITs except Guwahati have collected more than Rs 1,000 crore during this period.
-
Explained: How to claim credit for income tax paid abroad
An Indian taxpayer is allowed to claim the credit for the amount of any foreign tax paid by him/her in a country or specified territory outside India
-
Income Tax: What is presumptive taxation scheme?
With a view to bring relief to the small taxpayers for maintenance of books of accounts and audit, the Centre had introduced presumptive taxation
-
Income tax: Mumbai sees collection of over Rs 1 lakh crore
All India tax collection in April-July 2021 crossed Rs 3 lakh crore which marks almost 98% year-on-year growth
-
FM says technical glitches in I-T portal to be sorted out
The new portal was launched on June 7 with an aim to make it taxpayer-friendly. But since its launch users have been complaining of technical issues
-
CBDT issues Rs 47,318 crore worth of income tax refunds
The refunds of over Rs 47,318 crores would be issued to more than 22.61 lakh taxpayers between April 1, 2021, and August 9, 2021
-
Planning a vacation abroad? Keep these I-T rules in mind
The detailed monetary activities described by the various organisations/ institutions are reflected in the taxpayer’s form 26AS
-
Income Tax: Professional fees is different from salary
Income received as fees from professional or technical services is categorised as income from business or profession
-
I-T dept to refund excess interest, late fee paid
Some taxpayers complained that interest and late fee was charged while filing income tax return (ITR) after July 31, 2021
-
Understanding the difference between cess and surcharge
Surcharge is a tax on tax that is not collected for any particular cause
