If you want to increase your creditworthiness with banks, interestingly, you would have to increase your 'worth' on social media!
The department has begun publishing the names of tax defaulters in leading national dailies since last year and has named 67 such defaulters from across the country till now.
New Delhi: India and Slovenia have signed a protocol to amend the bilateral double taxation avoidance agreement, broadening the pact to include exchange of information to curb tax evasion.
Giving itself an ambitious target, insurance behemoth LIC aims to double its business in terms of new policy issuance to four crore in the current fiscal and will hire two lakh new agents to augment its field strength.
Taxpayers have been advised to check their status of pending returns for the said AYs at the IT department website for e-filing -- http://incometaxindiaefiling.Gov.In/. They can log in by using their PAN number and specific year of assessment.
The new 10 percent Dividend Tax will be payable only on dividend income over and above Rs 10 lakh threshold in a year, according to an amendment to the Finance Bill 2016 approved by Lok Sabha.
Cracking the whip on non-performing officials, the government for the first time has prematurely retired 33 tax officers including seven Group 'A' officers.
Zee Media Bureau
New Delhi: The Income Tax Department has made it compulsory to furnish proof of travel if one wishes to claim tax deduction on Leave Travel Allowance.
Savvy travellers can save about 20 percent on hotels across the world if they book during periods between May and July, according to a new survey.
Permanent Account Number (PAN) holds substantial importance since it's not only used in filing tax returns but also used as an identification document. One can easily apply for PAN card online
It is mandatory for individuals and companies to file income tax return at the end of a financial year on the income earned in the entire year. Different forms for return of income are prescribed for filing of IT returns for different status and nature of income.
E-filing of income tax return for all category of filers for the assessment year 2016-17 has been operationalised.
Pre-2006 pensioners will now get a hike in pension, in addition to the arrears, as the Centre has done away with a provision of having 33-year service for earning full pension.
Archana Khatri Das/Zee Media Bureau
People across all age groups in India do not buy health insurance due to high premium cost, a survey released on the occasion of World Health Day revealed on Thursday.
Helped by buoyancy in indirect taxes, the government managed to surpass the total tax collection target for 2015-16 by Rs 5,000 crore at Rs 14.60 lakh crore.
Income-tax Department issued tax refunds of over Rs 1.17 lakh crore in the last financial year ended March 31, of which Rs 37,870 crore was done in an automated manner.
Amid reports of some Indians having unaccounted wealth in tax havens, Finance Minister Arun Jaitley on Monday said those who did not take advantage of the compliance window last year to declare illegal assets abroad will find "such adventurism extremely costly".