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Business News: Fresh tax notices to FPIs over capital gains

Fresh tax notices to FPIs over capital gains : Rashtra News The I-T department has asked multiple foreign portfolio investors (FPIs) to cough up more taxes on their capital gains after denying set-off and tax treaty benefits, people aware of the development said. The notices were issued by the Centralised Processing Centre (CPC) of the

Does choosing old tax regime for TDS on salary lead to smoother ITR processing, income tax refund claims?

TDS on salary, income tax refund: A salaried is required to choose tax regime twice - one for tax deducted on salary by employer and secondly while filing ITR.

ITR e-verification time limit: Tax department notifies changes in ITR Verification form

Indore: Responsibilities Of Company Auditors Increasing Day-By-Day

Small Tax Demands Up To ₹1 Lakh Waived, Bringing Relief For Income Tax Payers

Small tax demands up to ₹1 lakh waived, bringing relief for income tax payers

As per a Budget announcement, the Income Tax department has set a limit of ₹1 lakh per assessee for the withdrawal of small tax demands.

UPSC Key—2nd February, 2024: What to read in the Interim Budget 2024

Exclusive for Subscribers from Monday to Friday: Why Interim Budget 2024 is relevant to the UPSC preliminary as well as for UPSC main exams? You can learn more by reading the Indian Express UPSC Key for February 2, 2024.

Not good to change tax rates too often…there is a need for stability: Revenue Secretary Sanjay Malhotra

In an interview, Malhotra said while the corporate tax cut in 2019 has resulted in about 57 per cent of the corporate tax mop up now coming from the reduced bracket, he is hopeful of a similar traction from the new personal income tax regime that was tweaked last year.

Budget 2024 expectations: 15 expectations of individual taxpayers this Budget

Different sectors in India have put forth their needs and demands. Here are 15 important things in the wish list of the common man regarding income tax.