News | Tax

Budget extended tax for gifts received by NRIs from resident Indians

Currently gifts given by Indian residents to non-resident Indians - apart from the specified list of relatives - would be claimed as non-taxable

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Tax Reform is on Its Way

With the budget set to be announced in a few days the Indian government has set the ball rolling for reforms that could reset taxpayer - income tax...

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Non-individual entities with high value transactions must apply for PAN by May 31

Non-individual entities who do not have a PAN and have conducted financial transactions worth more than Rs2.5 lakh in FY18-19, will have to apply for...

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Income Limit for TDS Exemption on Bank Interest Increased to Rs5 lakh for Senior Citizens

Senior citizens with taxable income up to Rs5 lakh and income from deposits can submit Form 15H in banks and post offices to claim TDS exemption on...

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CA Appeal to PMO to Rein in Tax Department

Chartered accountants across the country have requested the Prime Minister’s office and the Finance Ministry to rein in tax officials who have...

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Tax Filing of ELSS Investments Becomes Easier with CAMS’s One View Statement

Now you can view all your CAMS-serviced Equity-linked savings scheme (ELSS) investments in a standalone list

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Income tax exemption limit on gratuity doubled to Rs20 lakh: Labour Minister

The labour ministry said that the income tax exemption limit on gratuity has been doubled to Rs20 lakh from the existing Rs10 lakh, a move that will...

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CBDT sets up panel to help bring down tax litigation

The government is looking to address taxation-related pain points and cut down the number of tax litigations, while focusing on some of the major...

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CBDT sets up panel to help bring down tax litigation

The government is looking to address taxation-related pain points and cut down the number of tax litigations, while focusing on some of the major...

more

Taxman lists non-filers who carried out high-value transactions in FY19

The income-tax department has drawn up a list of individuals who carried out high-value transactions in financial year 2017-18 but did not file...

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