News

Income tax return: 10 reasons when a taxpayer can't use ITR-1 form
Published On:14-07-2022

Income tax return: 10 reasons when a taxpayer can't use ITR-1 form

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ITP NEWS COVER: ARE OUR DEMAT ACCOUNTS WORKING AS PER OUR EXPECTATIONS?
Published On:16-03-2022

ITP NEWS COVER: ARE OUR DEMAT ACCOUNTS WORKING AS PER OUR EXPECTATIONS?

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India Tax Payer wishes you a very Happy New Financial Year!
Published On:02-03-2022

India Tax Payer wishes all of its members, taxpayers, and other citizens, a happy New Financial Year!

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Taxation Monopoly - One World One Tax!!
Published On:23-06-2021

Taxation Monopoly - One World One Tax!!

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Faceless income tax is here to help!
Published On:26-07-2020

One good news.

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Contracting GDP!
Published On:26-07-2020

The impact of contracting GDP is not good.

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The Essential Commodities (Amendment) Ordinance, 2020
Published On:26-07-2020

For a farmer's well being.

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Cost inflation index for FY 2020-21
Published On:16-06-2020

Cost inflation index used for LTCG calculation notified by finance ministry

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From changing growth metrics to revising debt targets
Published On:08-05-2020

15th Finance Commission studying all options

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New versus old tax regime: Analyse the benefits before making a choice
Published On:08-05-2020

Under the simplified regime, it is not possible to claim certain deductions and exemptions

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Inquiry against 50 IRS officers over suggesting tax hike for the rich: Report
Published On:30-04-2020

The report, titled ‘Fiscal Options and Response to COVID-19 Epidemic’ (FORCE), was released on April 25 by the IRS' official Twitter handle.

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Global lobbying groups call for delay to India's new digital tax
Published On:30-04-2020

The main proposals India's finance ministry had presented in parliament a month earlier.

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Capital Gains on the Sale of Property
Published On:22-04-2020

Tax on capital gains is needed to be paid when property or any other asset is sold by an individual.

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Eligible individuals can submit Form 15G, Form 15H to avoid TDS on dividend income
Published On:22-04-2020

Tax will be deducted from the dividend at the time of payment by the company/mutual fund house

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New Criteria for NRI status and how income tax will be calculated in India for this fiscal year 2020 -2021.
Published On:12-04-2020

At the stage of the passing of the Bill, the amendments originally proposed in the criteria determining 'residential status' in India of a person in the Finance Bill 2020 were relaxed

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No tax implications of coronavirus relief withdrawals.
Published On:12-04-2020

The withdrawal can be done online.

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New income tax rules from April 1
Published On:04-04-2020

Here are the new income tax rules which were announced by Finance Minister Nirmala Sitharaman in Budget 2020

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Lenders ask for March EMIs - RBI
Published On:02-04-2020

Despite moratorium, lenders flounting RBI directive for an repayment of loans for the month of March.

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Tax Compliance - On Tax Date Extension
Published On:25-03-2020

PRESS NOTE

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Comments and Suggestions on Repowering of Wind Turbines.
Published On:17-03-2020

Petition filed under section 62 (1) (a), 63 and 86 (1) (b) of the Electricity Act, 2003

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Stake holder’s comments on Determination of Captive Status of the Generators.
Published On:17-03-2020

C.M.P. (M.D.) No.5958 and 5959 of 2019 in W.A. (M.D.) No.930 and 931 of 2017 – Comments on the draft filed online.

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Service tax, GST added to AGR dues
Published On:18-02-2020

Carriers including Bharti Airtel and Vodafone Idea, along with Tata Teleservices, Telenor, Aircel and Reliance Communications, have to pay Rs 1.47 lakh crore to the government at the earliest, after the Supreme Court came down heavily on the companies for not paying by the deadline it had imposed.

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Alternative Slabs To Take Country Towards A Simplified Income Tax Regime
Published On:17-02-2020

The Budget 2020-21 has introduced more tax slabs and offers higher limits provided the taxpayer is ready to forego all the existing exemptions and deductions.

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Interest on Delayed GST Payment Will Now be Calculated on Net Tax Liability
Published On:17-02-2020

Businesses, other than those under the composition scheme, registered under goods and services tax (GST) have to file returns (GSTR-1) showing tax liability by 11th of the following month and pay taxes by filing GSTR-3B by 20th.

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SC stays extension of deadline for filing annual GST returns
Published On:11-02-2020

Annual GST returns

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Tax dept wants cos to pay GST on non-compete fee
Published On:10-02-2020

Strategic investors and others that have bought businesses and entered into these contracts with the sellers have received notices from the indirect tax department, demanding that they pay goods and services tax at 18% on the non-compete fee.

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Budget 2020: Tax settlement scheme not open to launderers
Published On:06-02-2020

The scheme won't cover cases related to overseas assets, or prosecutions under PMLA, benami or I-T Act.

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Govt plans GST lottery offers of Rs 10 lakh-Rs 1 cr for encouraging customers to ask for bills
Published On:05-02-2020

Every bill under GST is supposed to be a price-winning lottery ticket. It will go for a draw and price are so high that people will say that by not saving 28 per cent, I have a chance of winning Rs 1 crore or Rs 10 lakh.

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GST: CBIC extends GSTR-9 and GSTR-9C filing dates to February 5 and 7
Published On:05-02-2020

This is the second extension in due dates since January 31, 2020

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Union Budget 2020: Fake invoicing under GST a non-bailable offence
Published On:03-02-2020

Sitharaman announced that the new GST return framework and e-invoicing would be implemented from April 1, to improve compliance and plug the tax revenue leakages

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