SEARCHED FOR:PROFESSIONAL TAX
CBDT again defers GST, GAAR reporting in I-T audit report till Mar 2021
The reporting requirement of these details in income tax audit form has been kept in abeyance till March 31, 2021 -- meaning that all income tax audit reports need not include details on the GST and the General Anti-Avoidance Rules (GAAR) till March 2021.
CBDT notifies TDS certificate to be issued by individuals deducting tax on payments to contractors
According to the CBDT notification, an ind...
South Delhi Municipal Corporation budget: Property tax hike on cards
People living in colonies in C, D and E categories may end up paying mor...
50% professionals expect Budget to steep cut in corp tax
Respondents felt that given the increase in cost of living and inflation, there is a need for reduction in tax outgo at personal level.
Budget 2020 the day after: NRIs' bona fide foreign income won't be taxed
The government said the provision was an “anti-abuse” one and will only apply to income that is generated locally.
Tax queries: Can an HUF claim deduction u/s 80C for contribution made to PPF of its member?
PPF account in the name of HUF is not permitted by the Finance Ministry, HUF can contribute to the PPF account of its members and claim tax deduction.
Monthly GST returns to burden professionals
Under the erstwhile service tax regime, professionals could file half-yearly service tax returns requiring disclosure of the revenue and eligible input tax credit on an aggregate basis.
CBDT seeks to widen net for appointment of members, makes younger officers eligible for post
Till a couple of years ago, only officers of the rank of Principal Chief Commissioner of Income Tax (PCCIT) were eligible for being considered for appointment as Member, CBDT. CBDT, on November 11, sought to widen the catchment of officers by making eligible all officers of the rank of Principal Commissioner of Income Tax and above.
Toyota seeks scrappage policy, income tax benefit on purchase of all kinds of vehicles
Additionally, another thrust area would be to extend the income tax benefits available for electric cars to other vehicles as well, or to extend the depreciation benefit currently available only to companies and professionals to personal customers also, Soni said.
Critics of USD 5-trillion economy goal professional pessimists, India poised to race ahead: PM Modi
"Larger the size of the economy will be, the larger the prosperity will it bring for the country," Modi said.
Tax optimiser: NPS and perks can help Sinha reduce his tax outgo by Rs 40,000
ET Wealth tells readers how they can optimise their tax by rejigging their income and investments.
Budget 2020 should hike tax breaks for house property income to boost realty: EY
Providing tax incentives on house property income would stimulate demand and help boost the sector.
Hidden benefit of GST: Indian tax professionals in high demand in Gulf
Businesses in the Gulf countries are seeking Indian chartered accountants as the governments there plan to levy a value-added tax (VAT) from January 1.
Tax experts, CFOs feel core competencies will shift to managing IT challenges: EY Survey
The survey said organisations today are in search of tax people who are able to manage new technology challenges.
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