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Press Releases

You can save tax up to Rs 17,000 on savings account interest: Here's how- The Economic Times

Section 10(15)(i) of the Income-tax Act, 1961, provides exemption in respect of interest, premium on redemption or other payment on certain deposits notified by the central government in this behalf.

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You can get credit for TDS deducted on cash withdrawals of over Rs 1 crore from bank account- The Economic Times

The provisions of Rule 37BA allow a deductee to pass on the credit of tax deducted to next year or to another person. Such option shall not be available in the case of tax deducted under Section 194N.

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PAN-Aadhaar linking deadline extended to December 31 - The Economic Times

The Ministry of Finance, in a notification dated September 28, announced that it has extended the deadline to link PAN with Aadhaar to December 31, 2019. Earlier this deadline was September 30, 2019.

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Govt plans rejig in personal tax slabs to boost spending - Hindustan Times

Govt. plans rejig in personal tax - Th need for such a move by pointing out that the cut in corporate tax will help manufacturing companies.

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Faceless assessment not mandatory for users without e-a/c, PAN - The Financial Express

The Income-tax department will start faceless assessment from October 8, 2019 but it won't be mandatory for tax payers who don't have an e-filing account or a PAN directed from the CBDT.

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Yet to receive your tax refund? This is what you should do - Business Today

More than three weeks have passed for those who filed ITR closer to August 31. So, now is the good time for all taxpayers to check if they have received the refund.

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Will #TaxAuditExtendToday campaign work? - The Hindu Business Line

There have been numerous requests by the tax payers, whose accounts are to be audited, and Chartered Accountants to extend the due date for filing income tax returns (ITR) with tax audit reports for FY 18-19.

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View: Before abandoning the old regime of corporate tax, exercise caution - The Economic Times

Here's an analysis of how the new regime of corporate taxation will affect India Inc. As the finance minister cut the rate of corporate tax to 22 per cent from 30 per cent base rate, here's how the introduction of the new regime will affect the companies.

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Govt plans PSU stake sales to recoup loss from tax cut - Hindustan Times

Revenue Math - FinMin also looking at higher revenue from widening of tax base.

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PAN-Aadhaar linking: What will happen if PAN is not linked with Aadhaar by September 30? - The Economic Times

The last date to link your PAN with your Aadhaar number is September 30, 2019. If you do not link your PAN with Aadhaar by September 30, then your PAN will become inoperative from October 1.

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