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Income Tax
Business  /  Published 25.01.21

Cairn investors demand payback

Some of Cairn Energy Plc’s marquee shareholders that include BlackRock, MFS, Franklin Templeton and Fidelity have asked the Indian government to honour an arbitration award and return $1.2 billi...
By PTI in New Delhi

Business  /  Published 22.01.21

Work-from-home tax breaks

Analysts at PwC India are in favour of additional tax benefits for salaried individuals to meet expenses incurred on account of work from home. The move can potentially increase income at the hands o...
By A Staff Reporter in Calcutta

Business  /  Published 18.01.21

Real simplification in I-T provisions sought

Taxpayers with income from business or profession are looking for real simplification in income tax provisions that will push the envelope up in terms of ease of doing business and achieve the broader...
By Narayan jain in

Business  /  Published 13.01.21

I-T return last date stays

Section 234F of the Income Tax Act provides for levy of late fee in case of an assessee whose gross income is above Rs 2,50,000 and is mandatorily required to file the tax return and he has not filed ...
By A Staff Reporter in Calcutta

Business  /  Published 01.01.21

Mistry absolved in Tata Trust case

The Mumbai bench of the income tax appellate tribunal (ITAT) has retracted the critical remarks it made on Cyrus Mistry in its recent order that had restored the tax-exempt status of three key Tata Tr...
By Our Special Correspondent in Mumbai

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Business  /  Published 31.12.20

More time to file tax returns

The Centre has extended the last date for the filing of income-tax returns by individual taxpayers to January 10 from December 31.  The last date for entities and individuals who have to  s...
By A Staff Reporter in Calcutta

Business  /  Published 30.12.20

No relief yet on ITR filing deadline

Taxpayers took to Twitter to plead for the extension of the deadline to file income tax returns for fiscal 2019-20 (assessment year 2020-21) from December 31 by three months citing Covid-19 and system...
By Our Special Correspondent in New Delhi

Business  /  Published 13.11.20

Tax break for sale below circle rates

In a move to boost the real estate sector, finance minister Nirmala Sitharaman on Thursday relaxed income tax rules to allow the sale of primary residential units of up to Rs 2 crore value below the c...
By Our Special Correspondent in New Delhi

Business  /  Published 25.10.20

Tax returns by December 31

The government on Saturday extended the deadline for filing returns by individual taxpayers for 2019-20 by a month till December 31. For those taxpayers whose accounts need to be audited, the deadlin...
By Our Special Correspondent in New Delhi

Business  /  Published 01.10.20

November 30 last date for filing tax returns

Some changes in tax collection at source (TCS) will take effect from October. They relate to tax collection at source for foreign remittances and sale of goods in a year in excess of Rs 50 lakh by se...
By A Staff Reporter in Calcutta


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