Earnings tax division introduces JSON utility for AY 2021-22 ITRs, discontinues Excel/Java
CBDT additionally states that the Import of Prefill file is necessary in utility and has notified that utilities for ITR-1 and ITR-4 can be found...
Tag : tax
Plaid Cymru plans to TRIPLE council tax on vacation properties in Wales
Folks with vacation properties in Wales may face TRIPLE council tax payments underneath nationalists’ plans to cease locals being compelled out Plaid Cymru desires to...
Tax Alert! TDS to be levied at increased price for non-filers of ITRs – Verify particulars
The brand new rule requires the payers to confirm three issues each time whereas deducting TDS on making funds to the desired individuals. For many...
ITR submitting Alert! Revenue Tax Return Types 1 to 7 for AY 2021-22 notified – Examine what’s new
For the revenue earned through the monetary yr 2020-21, the evaluation yr is 2021-22. The ITR kinds for submitting revenue tax returns (ITR) for the...
Infrastructure Bond: Confusion over Tax-Saving Vs Tax-Free Bonds makes taxpayers pay extra tax than profit availed
The curiosity derived from Lengthy-Time period Infrastructure Bonds could be taxable below the top ‘Earnings from Different Sources’ within the palms of the investor. To...
10 commonest errors taxpayers can keep away from whereas saving tax
Tax advantages ought to be considered as a fringe profit and one shouldn’t make investments merely to avoid wasting tax. Tax Errors to Keep away...
With extra data than wage, curiosity earnings, tax paid, how Type 26AS will have an effect on ITR submitting?
To any extent further, the Tax Division may also get data associated to capital positive aspects, dividend earnings in addition to curiosity on Submit Workplace...
7 tax duties to finish earlier than 31 March 2021
In case you could have a PPF account both in your individual title or within the title of kids or partner, it’s important to contribute...
Tax saving mutual funds: Essential issues to bear in mind whereas investing in ELSS
Taking the assistance of an knowledgeable or advisor with a confirmed monitor report may also help traders beat the markets. Amongst mutual fund schemes for...
Earnings Tax Deductions for FY 2020-21: Tax-saving in PPF, ELSS, residence mortgage EMI, NPS and extra
Apart from tax advantages underneath Part 80C, there are a couple of different deductions out there to a taxpayer. If in case you have opted...
Fast suggestions for tax-payers to save lots of tax this season
Underneath Part 80TTA, tax deduction advantage of as much as Rs 10,000 is allowed on pursuits in your financial savings checking account. With simply two...
Earnings Tax for non-residents: Stranded in India & dealing with double taxation? New CBDT round defined for you
Consultant picture Earnings Tax for non-residents: As a result of coronavirus outbreak and subsequent lockdown final 12 months (2020), many non-residents have been caught in...
Rishi Sunak Price range ‘tremendous deduction’ may wipe Amazon company tax invoice to ZERO, say campaigners
Rishi Sunak’s ‘tremendous deduction’ may let Amazon wipe out its invoice: On-line large’s company tax could possibly be reduce to zero, campaigners warn The net...
A Final-Minute Add to Stimulus Invoice May Limit State Tax Cuts
WASHINGTON — A final-minute change within the $1.9 trillion financial reduction bundle that President Biden signed into regulation this week features a provision that would...
Council tax to boost additional £7.5bn a 12 months after Rishi Sunak permits authorities to extend payments
Council tax is on monitor to boost an additional £7.5billion a 12 months after Rishi Sunak gave city halls permission to place payments up by...
Conservatives in 13-POINT ballot lead over Labour as voters help Funds tax rises
The Tories have opened up an enormous 13-point ballot lead over Labour after voters gave the Funds their seal of approval regardless of its large...
Finances 2021: Fury over Rishi Sunak’s ‘stealth and wealth tax’ on center courses
The five-year freeze on earnings tax in yesterday’s Finances has been blasted as a ‘stealth and wealth tax’ which can drag 2.3 million employees into...
UK Finances: Rishi Sunak ‘set to boost company tax’ on 3 March
Rishi Sunak ‘is about to hike company tax and hand self-employed £2,500 a month in Covid grants’ at Finances as furlough is prolonged Chancellor Rishi...
Keir Starmer warns Boris Johnson towards austerity and tax rises
Keir Starmer stood in entrance of a Union Jack backdrop at this time as he set out his financial imaginative and prescient for the longer term,...
Earnings tax returns cross 58 million hours earlier than deadline, exhibits knowledge
Income tax returns (ITRs) crossed 58 million on Sunday, the last day for individuals to file returns for financial year 2019-20, with close to...
FM Nirmala Sitharaman informed to increase ITRs
The Direct Taxes Professionals Affiliation (DTPA) has urged Finance Minister Nirmala Sitharaman for extension of date of furnishing of tax audit report underneath part 44AB...
