income tax

Wealth

Tax Evasion To Get Tough As New Form 26AS Puts High-Value Transactions Under Greater Scrutiny

As per CBDT, the improved Form 26AS will include some of the high-value transactions done by a taxpayer in a financial year

Only 1% Indians will Pay Tax This Year, Shows IT Dept Data

Out of the total 5.78 crore individuals who filed tax returns in financial year 2018-19, about 4.32 crore individuals reported income below INR 5 lakh

[Budget 2020] Why Switching To New Tax Regime May Do More Harm than Good

The new tax regime is expected to result in more tax outgo for lower salary incomes and impact savings but on the contrary it can benefit senior citizens and non-salaried individuals

[Budget 2020] A Precious Little Something for Everyone

Rejigging of tax slabs appears a welcome move at first however, it is important to look closely into the implications of forgoing your deductions u/s 80C, 80D, 8024(b) etc

Expectations Of a Young Entrepreneur From Union Budget 2020

While it is expected that the Budget's focus is going to be on measures that can revive the struggling economy, a focus on more investment in information technology is required

More From This Topic

angel tax

#RoadforStartups: CBDT Announces Assessment Plans to Balance the Tightening of Noose around Start-ups

CBDT All Set to Tighten the Noose around Start-ups Based on a Three-Category Assessment Plan
Budget 2019

#Budget2019: Indian Start-ups Can Rejoice as Gov Announces Relief from Angel Tax & Income Tax Scrutiny

The Finance Minister, in the Budget 2019 has talked about start-ups at length and has rolled out some elaborate plans for the ecosystem
Tax Deductions

Advisory Firm EY Wants Indian Govt to Tax Professionals & Employees Equally: Finance Ministry Rejects the Demand

What the salaried Indians want from Budget 2019 & what the Finance Ministry can offer?
Exporting

Over 5k 'Risky' Exporters Identified for Fraud in GST Return

Fraudulent claims of Integrated GST (IGST) refunds by exporters could exceed INR 1,000 crore
Finance

5 Things You Should Know About Tax Filing

Recently, there have been major changes in the format and here's what we are talking about
angel tax

A Big Day for Startups: Government Simplifies Exemptions for Angel Tax

The definition of Startups has been revised and the process of exemptions under Section 56 (2) (viib) of Income Tax Act is simplified, says Suresh Prabhu
Budget 2019

Here is How #Budget2019 Impacts Your Taxes

You will have more money in hand to spend
Taxes

Angel Tax Chaos Among Start-ups

All that start-ups should know to deal with tax notices
angel tax

Where Does India Stand on Angel Tax?

As the year comes to an end, startupreneurs display concern over the dreaded angel tax
income tax

What Does This Year's Income Tax Month Have in Store For Entrepreneurs?

The ITR filing date has also been extended by a month for certain categories