Income-Tax

Income Tax Alert: Govt Will Remove All Exemptions; NRIs Will Be Forced To Pay Income Tax! As per the reports, the Finance Minister Nirmala Sitharaman has moved a proposal in the Union Budget aimed at taxing non-resident Indians (NRIs)…

Income Tax Dept Releases List Of Official Email IDs, SMS IDs To Stop Frauds, Scams (Complete List Here) As per the reports, the income tax department has released a list of all email ids, SMS sender ids and even websites used by the…

Tax Evaders Will Not Be Sent To Jail Now; Startups Would Be Able To Directly List In Foreign Countries In an effort to ‘catapult’ the country to an economy of $5 trillion, the Government of India, under the guidance of Finance Minister…

Very Soon, You Pay Income Tax Via UPI, Mobile Wallets, Credit/Debit Card! Income Tax Department and Govt of India is collaborating to make the process of paying income tax easier, and seamless. Ushering a new wave of reforms for…

For The 1st Time Ever, Govt. Asks Corporates, Individuals How Much Income Tax They Want To Pay! Large scale changes and reformations have been a huge part of the finance ministry, this budget year, particularly after the term started…

4 Lakh Taxpayers Will Be Checked Via Faceless Tax Assessment; No Corruption! Taking a leap towards India’s dream of being digital is the Income Tax Department who has employed a cutting edge faceless tax assessment scheme in India. …

Income Tax For Middle Class Can Reduce Upto 50% A high level panel of tax experts and Govt. officials have strongly suggested to reduce income tax for individals, which mainly forms the middle class. Since Govt. has slashed corporate…

India Becomes 1st Country Where Artificial Intelligence Will Check Tax Returns The tax assessment system of India is getting a makeover, and will now be run by artificial intelligence and machine learning. This development surely…

Use Aadhaar Or Pan Card For Tax Filing There has been major announcements and addition in the first budget session held under the Modi government’s second tenure. Huge expectations pondered over the new finance minister Nirmala…

Under the second tenure of Modi government, reforms have been introduced to curb tax evasion using data analytics. This is the first time since the launch of GST on July 1, 2017 that the Centre has started to match income tax returns…