Taxpayers disclose foreign assets worth Rs 29,000cr, foreign income of Rs 1,089cr
The Central Board of Direct Taxes (CBDT) launched a compliance-cum-awareness campaign, aimed at encouraging voluntary disclosures of offshore wealth and income.
The Central Board of Direct Taxes (CBDT) launched a compliance-cum-awareness campaign, aimed at encouraging voluntary disclosures of offshore wealth and income.
India’s fiscal federalism is under strain, and much of it stems from a growing yet largely concealed debt burden that states are accumulating threw off-budget borrowings.
The Municipal Corporation of Delhi (MCD) has announced that all property tax offices at zonal offices and headquarters will remain open on all Saturdays till March 31.
The government’s new Income Tax Bill promises to streamline taxation with simpler language and fewer sections.
Budgets come and go leaving behind a sea of unfulfilled expectations of taxpayers. However, Budget 2025 will long be remembered as one of the few Budgets that warmed the cockles of middle-class hearts.
As per the provisions of Section 114 of the DMC Act, 2003 (Amended), all buildings and vacant land falling under the jurisdiction of the MCD are liable to pay property tax, it said.
Days after several income tax payers had received notices for wrongly claiming tax deductions under Section 80 P, the Income…
The president was speaking to officer trainees of the 76th batch of the IRS and Assistant Executive Engineers of CPWD (2020 and 2021 batches) who called on her at the Rashtrapati Bhavan.
On giving tax relief to persons with disability, Sitharaman said the law currently provides for deduction to the parent or guardian when they take an insurance scheme for the differently abled person only if the lump sum payment or annuity is available to the differently abled person on the death of the subscriber.
The Food and Civil Supplies Department has been able, with the help of the Income Tax Department, to identify the rich people who have taken BPL cards, Karnataka Food and Civil Supplies Corporation Ltd Commissioner, Dr Shamla Iqbal, said.
