SEARCHED FOR:PROFESSIONAL TAX
Income tax department amends TDS form, makes it more comprehensive
Through a notification, the Central Board of Direct Taxes (CBDT) has amended Income Tax Rules to include TDS on e-commerce operators, dividend distributed by mutual funds and business trusts, cash withdrawals, professional fees and interest.
Tax optimiser: IT professional Halder needs to use Sec 80C limit fully, opt for NPS
A big tax break will come your way if you opt for the NPS...
GST jolt for real estate developers: Paying tax on rent they never got
As per the GST framework, tax has to be paid at the time of raising in...
Comparison of new income tax regime with old tax regime
The new income tax regime offers concessional tax rates vis-à-vis tax rates in the old tax regime. Further, as most of the exemptions and deductions are not available, the documentation required is lesser which makes the income tax return filing easier.
NCLAT upholds order passed by NCLT on appointment of RP for Metenere Ltd.
The National Company Law Appellate Tribunal (NCLAT) upheld an order passed by Delhi-NCLT over appointment of a former State Bank of India (SBI) official as resolution professional or RP in CIRP of Metenere Ltd.
ITR filing: Computing your total taxable income
According to income tax laws, gross total income is divided into five parts. Here is how you can calculate income under each head and arrive at your gross total income. Depending on your sources of income, you will have to select the appropriate form to file your ITR.
India urges UK to consider improved tax rules for its professionals
The Indian envoy pointed to an increase in the number of Indian companies operating in the UK over the previous year to 842 in 2019.
Tax queries: Exemptions, deductions you will not get in new income tax regime
Every week, an expert selected by ET answers queries from our readers on income tax and other levies.
Government's endeavour has been to further simplify Direct Tax laws: Nirmala Sitharaman
In her message on the 160th Income Tax Day, the minister also lauded the department for being responsive to the needs of the taxpayers during this pandemic time by relaxing various compliance requirements and addressing their liquidity concerns.
Budget 2019: Paying Rs 50 lakh plus to contractor, professional? You will have to deduct TDS now
If the individual or HUF is carrying on business or profession which is not subjected to an audit, there is no obligation to deduct tax at source on such payment to a resident.
Govt mulls big-ticket direct tax reforms; zero contact, GSTN-like backbone on the cards
Under the new regime that is in advance stage of preparation there will be zero physical interface between taxpayers and officials, cutting discretion of officers, government officials said.
Grooming tax burns a hole in the purses of working women, but let's not talk about gender pay gap yet
If you took the title of the article seriously, this is to inform you: it was sarcastic.
ITR form: Who is eligible to file which tax return for FY 2019-20?
The income tax return forms have been notified by the Central Board of Direct Taxes (CBDT). It is important to file your tax return using the correct ITR form. If the tax return is filed not using the correct form, then the ITR will be termed as 'defective return' and you will be asked to file the ITR again.
Income tax return forms for FY 2020-21 notified
Taxpayers including individuals, Hindu undivided family, professionals and businesses, will be able to avail benefits of savings or investments made between April 1 and June 30, following the extension timelines provided by the finance ministry owing to Covid 19 pandemic.
What skilled professionals expecting from FM Sitharaman's budget
A hike in the standard deduction or a reduction in the income tax slab? ET Online asked skilled professionals in Delhi-NCR about their expec...