Tag: income tax
I-T portal glitch triggers penalty woes for companies
Mumbai: Many companies are staring at steep penalties with the Income Tax (I-T) portal rejecting their advance tax payment due to a technical hitch. Their…
Net direct tax revenue rises 9.18% to over Rs 10.82 lakh crore till Sept 17 FY26
Net direct tax collection rises 9.18 per cent to over Rs 10.82 lakh crore during April 1-September 17, as refunds witnessed a steep decline of…
ITR filing due date extended: What is the new deadline? Why was it pushed back?
People who have not yet filed their income tax return yet for assessment year 2025-26 can still do so without paying any fine as the…
Is that exempt income actually so? Asks taxman, spooks many
Mumbai: Several senior professionals, equity partners of at least two Big4 firms, members of well-known partnership ventures as well as some of the retired senior…
Reforms set to boost consumption, won’t hit fiscal numbers: Moody’s
New Delhi: The recently announced Goods and services tax (GST) reforms will boost private consumption and support economic growth of India at a time when…
The big gap in financial planners in India. Can FPSB India step up?
When equity markets are caught in turmoil, many investors either stop their investments or, worse, withdraw. Panic-stricken investors need a guiding hand. There’s one problem:…
Income tax payers wishlist for Budget 2025: More benefits in new tax regime, higher HRA, other reliefs in old tax regime
It is the Budget season again! It is a pivotal time for businesses and individuals who anticipate changes in policies, income tax and spending. For…