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Income Tax Act
Business  /  Published 06.11.21

Govt begins review of tax exemptions

The Centre has sought suggestions on possible changes in direct and indirect taxes from trade and industry bodies with the objective of broadening the tax base, while reducing the rates in the next bu...
By Our Special Correspondent in New Delhi

Business  /  Published 28.10.21

Tax form to grab more disclosures

High-value financial transactions and additional information like foreign remittances, off market transactions, information about purchase of mutual funds among others would be reflected in the Form 2...
By Our Special Correspondent in New Delhi

Business  /  Published 09.09.21

Deadline for ITR is Dec 31

The government on Thursday extended the deadline till December 31 for filing of income tax returns by individuals for the financial year 2021, amid the coronavirus pandemic and technical glitches in t...
By PTI in New Delhi

Business  /  Published 07.09.21

CBDT allows filing of applications by Sep 30

The finance ministry on Tuesday said income taxpayers can file applications before the interim board for settlement of pending tax cases at the Income Tax Settlement Commission (ITSC) level by Septemb...
By PTI in New Delhi

Opinion  /  Published 31.08.21

Modi is indifferent to wealth redistribution

After a decade-long pursuit of billions of dollars in taxes arising from the transfer of Indian assets through the route of offshore companies, the Narendra Modi government, in an astonishing U-turn, ...
By Ashish Khetan

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Business  /  Published 05.08.21

LS: Taxation bill introduced

Lok Sabha proceedings were adjourned for the day on Thursday amid continuous disruption by Opposition members over the Pegasus spying issue and three farm laws. After repeated adjournments when the H...
By Our Bureau, PTI

Business  /  Published 14.07.21

Tax waiver for Patanjali

Patanjali Research Foundation Trust has been granted a five-year tax exemption by the income tax department by recognising it as a ‘research association’. Tax experts said they would be ab...
By Our Special Correspondent in New Delhi

Business  /  Published 06.07.21

Tax review rules overlap

The applicability of two sets of laws for the same purpose of issuing notices and reopening assessments has left income tax assessees bewildered and tax practitioners peeved. The procedures related t...
By A Staff Reporter in Calcutta

Business  /  Published 20.05.21

Tax filing last date now Sept 30

...
By A Staff Reporter in Calcutta

Business  /  Published 25.03.21

Slump sale tax tweak to hurt deals

Merger and acquisition (M&A) experts were sent into a tizzy after the government introduced an amendment in the Finance Bill 2021 that changed the tax treatment for slump sale transactions. The a...
By R. Suryamurthy in New Delhi


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