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Income Tax Act
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 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 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 05.05.19

Wealth and wisdom

There are countless ways to claim income tax deductions. One may not always be familiar with all the sections of the Income Tax Act of 1961. However, a quick web search or skimming through the Act wou...
By Adhil Shetty in

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Business  /  Published 12.01.20

Rush hour

Does it feel like the clock is ticking on your investments for the year? With less than three months to go, it’s time to finalise your tax-saving investments for the year and optimise your deduction...
By Adhil Shetty in

Business  /  Published 17.03.19

Make tax saving a habit

It’s a common phrase to hear that we are creatures of habit and this is true if you analyse your life — you wake up, brush your teeth, catch a cup of coffee, get ready to work and life goes on. Ha...
By Avinash Agarwal in

Business  /  Published 09.05.20

Breather for charitable institutions

The Central Board of Direct Taxes (CBDT) has deferred the new procedure for registration of charitable trusts, funds and institutions that was announced in the Union budget.Through the Finance Act 202...
By A Staff Reporter in Calcutta

Business  /  Published 23.07.19

Smoke over tax on withdrawals

Finance minister Nirmala Sitharaman on Tuesday said the 2 per cent TDS paid on cash withdrawals above Rs 1 crore in a year from multiple accounts at banks would be adjusted against the total tax dues ...
By Our Special Correspondent in New Delhi

Business  /  Published 11.02.20

IDBI spared NPA blushes

IDBI Bank saw its net loss widening to Rs 5,763.04 crore for the quarter ended December 31, 2019, from Rs 4,185.48 crore because of a higher tax outgo. However, the lender reported better asset qualit...
By Our Special Correspondent in Mumbai


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