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.
KMC board chairman Firhad Hakim said those taxpayers who have received the KMC property tax bill till 31 March in the financial year 2019-20 will be eligible for the tax waiver.
In a tweet earlier in the day, PM Modi said the initiative will strengthen the Government's efforts of reforming and simplifying the tax system and will benefit several honest taxpayers, whose hard work powers national progress.
The Central Board of Direct Taxes has extended the deadline in view of some taxpayers facing difficulties in filing their ITR due to various reasons including the extension of due date for issue of Form 16
Speaking of the country's progress in the startup scenario he said that India is currently ranked third globally in terms of startup ecosystem.
The CBDT also said the average income of salaried, non-salaried and corporate taxpayers has risen over the last three years.
