Tag: income tax department
take-home pay: Income tax department notifies rules for valuing rent-free accommodation provided by employers
Employees drawing substantial salaries and having rent-free accommodation provided by their employers will now be able to save more and get a higher take-home salary…
1.69 lakh individuals reported annual income of over ₹1 crore in ITR
Individuals reporting annual total income of over ₹one crore have doubled to 1.69 lakh in the two-year period ending March 2022, the income tax department…
Did you receive this message on ITR refund claims? Government issues scam alert
Fraudulent messages claiming to be from banks, credit cards, or KYC services used to deceive individuals are very common these days. The latest scam that…
Inoperative PAN is not inactive: IT dept on ITR filing; relief to NRIs, OCIs
Are you an NRI/OCI whose PAN card has become inoperative, despite being exempted from linking PAN with Aadhaar? The Income Tax department clarified this concern…
Net direct tax collection rises 16% to Rs. 4.75 lakh crore in the current fiscal
PTI | | Posted by Singh Rahul Sunilkumar Net direct tax kitty swelled 16 per cent to ₹4.75 lakh crore so far this fiscal, a…
Ensure PAN-Aadhaar linkage by June 30. Else? Card will be inoperative
PAN and Aadhaar link: The deadline for linking Aadhaar and Permanent Account Number, or PAN cards is approaching. To offer income taxpayers more time, the…
India tightens norms to plug likely tax swindling efforts via donations to trusts
The Central Board of Direct Taxes has tightened norms for charitable, religious, and educational trusts with their their income tax returns, months after suspecting large…
Demographic mismatch in PAN or Aadhaar cards? Here’s how to rectify
Ahead of the June 30 deadline to link PAN and Aadhaar, several users have been complaining of ‘demographic mismatches’ in the two documents, because of…
e appeals scheme: CBDT notifies e appeals scheme 2023
New Delhi: The Central Board of Direct Taxes (CBDT) on Tuesday launched “e appeal” scheme announced in the budget to reduce pendency of appeals related…
startups funding: DPIIT takes up startup taxation issue with Finance Ministry: Secretary
The Department for Promotion of Industry and Internal Trade (DPIIT) has taken up the taxation issue of startups with the finance ministry, a top government…