Specified Individuals And Hindu Undivided Families

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No tax on income up to Rs 7 lakh, surcharge cut to 25%

Finance minister Nirmala Sitharaman on Wednesday announced no tax for those with annual income of up to Rs 7 lakh under the new tax regime but made no changes for those who continue in the old......

Sebi comes out with modalities for accredited investors

Markets regulator Sebi on Thursday came out with detailed modalities for implementation of the accredited investors framework, a move expected to open up a new channel of raising funds from......

ITR forms for 2020-21 give taxpayers option to choose new tax regime

The Income Tax department has notified forms for filing I-T returns for 2020-21 fiscal, the Central Board of Direct Taxes said on Thursday. Illustration: Dominic Xavier/Rediff.com "Keeping in view......

Missed filing IT Returns?

'If you miss the deadline, you can still file a belated tax return till March 31, 2021, with a fee under Section 234F, which could be up to Rs 10,000, in addition to an interest under Section 234A......

CBDT probes 50 IRS officers for suggesting to tax super-rich

A group of tax officers suggested hiking tax on super-rich to 40 per cent, levying pandemic cess and imposing higher tax on foreign companies to ensure the government's cash till runs long enough......

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Specified Individuals And Hindu Undivided Families

News for Specified Individuals And Hindu Undivided Families

No tax on income up to Rs 7 lakh, surcharge cut to 25%

Sebi comes out with modalities for accredited investors

ITR forms for 2020-21 give taxpayers option to choose new tax regime

Missed filing IT Returns?

CBDT probes 50 IRS officers for suggesting to tax super-rich

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