Income-Tax

The Indian economy has been declared the world’s fastest growing economy, beating China at the game. However, the wealthy population is still preferring other countries over India, and as per a fresh report, India stands third in the…

Income Tax Nabs Tax Evader With Satellite Images There are two types of people in the world: those who pay taxes on time and then there those who, without a care, don't bother about taxes and find convenient ways to evade them. However,…

The end of the fiscal year is closing up, and there are a few financial things that must be taken of. Here is a list of all the nine tasks as declared by the Income Tax Department that have to be completed by March 31, 2019:

Govt. of India has once again redefined the definition of a startup. This has been done to encourage entrepreneurship, and to make it easier for smaller and medium scale startups to avail Govt. benefits.

PAN (Permanent Account Number), is now a mandatory document for everyone now. However, in a shocking turn of events, it has been revealed that 95% of the 54,578 developers, builders and real estate agent registered with the registrar of…

As per fresh data revealed by the Govt., more than 2 lakh new taxpayers have entered the tax-net, and they have collectively deposited more than Rs 6000 crore to the Income Tax Dept.

In a terse, crude and direct notification for all salaried employees, Income Tax Dept. has threatened salaried employees of severe punishment, if they file incorrect tax returns. At the same time, as reported earlier, there are many tax…

Starting April 1st, some major changes are being implemented in the tax structure, which should be known to all taxpayers. By understanding these income tax changes, the taxpayer can prepare better, and plan investments accordingly

A major Income Tax refund scam to the tune of Rs 18 crore has been unearthed, in which thousands of employees from reputed IT firms claimed tax rebates via illegal means. These employees used the tax rebate under ‘Loss to House Property'…

Goods and Services Tax or GST collection in India have reached the lowest point till date. This is an alarming news, and Govt. officials are right now huddling together, to seek out ways to stop this race to the bottom.