News | Tax

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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Income tax returns processing to be speedened to one day

The government said IT (information technology) major Infosys will develop the next-generation income tax filing system for Rs4,241.97 crore which...

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I-T department allows manual filing of Form 13 in special cases

The income tax department allowed manual filing of form by resident and NRI (non-resident Indian) taxpayers wanting to apply for deduction of taxes...

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Direct tax laws to be redrafted and simplified

Prime Minister Narendra Modi, during the annual conference of tax officers in September 2017, had observed that the Income-tax Act, 1961 was drafted...

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PAN Card: What are the New Rules?

There a few changes regarding the Permanent Account Number (PAN) that came into effect from December 5

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