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Press Releases

No new changes in online ITR forms, says CBDT - Live Mint

Online ITR forms were changed and updated on 1 April itself, while utility forms meant for partial online were updated with the changes in May.

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Aadhaar new tax tool to keep tabs on big purchases - Hindustan Times

People who don't have PAN will have to furnish aadhaar cards for big-ticket transactions, which will help authorities locate tax evaders

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4 reasons why deadline to file ITR needs to be extended this year - The Economic Times

For individuals, the last date for filing income tax return (ITR), i.e., July 31 is fast approaching. If the ITR is filed after the deadline, then the individual would be required to pay late filing fees of maximum up to Rs 10,000.

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FPI SURCHARGE - Tax stays, investors told to convert - Financial Express

Lok Sabha passes Finance Bill with minor changes; no threat of investor flight says FM.

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Start-ups failing to comply with norms face 200% fine - Business Standard

Finance bill passed by lok sabha - In a move to encourage only genuine start-ups, a penalty of 200 percent has been introduced for not complying with the govt's condition.

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FPI tax stays; no threat of investor flight, says FM Nirmala Sitharaman - Financial Express

FPIs remained net buyers in most part of 2019, having bought shares and local papers worth $13.08 billion so far this year. This compares with last year’s sale of $4.6 billion in equity and $6.7 billion in bonds.

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How to file ITR 1 with salary, home loan and other income for FY 2018-19 - The Economic Times

In this article, we explain the quickest way to file the return in Form ITR-1 using illustrations.

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Multiple interpretations for TDS on life insurance - Business Standard

The government needs to clarify whether the profit will be capital gains or income from other sources.

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Govt to impose penalty for misquoting Aadhaar - Hindustan Times

PAN Substitution - Misrepresenting identity number in transactions to draw penal action.When the tax department allots PAN on the basis of Aadhaar, it is possible that these two documents would be linked from day one.

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Tax On Super-Rich Decoded: Here's Your Complete Guide To Understanding New Rules - NDTV

Income tax slab: In Budget 2019, the government proposed to increase the rate of surcharge on individual taxpayers who fall in higher income bracket.

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