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Self Assessment Tax

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Relief for house owners, can claim zero tax on 2 self-occupied properties

The government on Saturday announced that taxpayers can claim annual value of two self-occupied properties as "nil" without any condition. Photograph: Reuters In her Budget speech, Finance......

Priyanka Gandhi has assets worth Rs 12 cr; faces cheating case in MP

Congress general secretary Priyanka Gandhi, who on Wednesday made her electoral debut by filing a nomination as a Congress candidate for Wayanad Lok Sabha bypolls, has declared assets worth over Rs......

Govt ushers in de-layering in bureaucracy, jt secretary reports to secretary

The Centre has taken a major step towards increasing efficiency in decision-making by empowering joint secretaries to report to secretaries directly, officials said on Wednesday. Joint secretaries......

Mundka fire: North Delhi civic body suspends 3 officials for laxity in duty

The North Delhi Municipal Corporation on Tuesday suspended three officials in the Narela Zone for alleged laxity in duty following the massive fire in a building in Mundka that claimed 27 lives.......

Full text: President Murmu's address to Parliament's Budget Session

‘Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the......

FM unveils simpler tax law, middle class gets relief

Finance Minister Nirmala Sitharaman on Saturday unveiled 'transformative' tax reforms that ranged from a simpler income tax law to higher TCS threshold for remittances and income tax benefits for......

New I-T Bill next week; 100% FDI in insurance sector

The government will introduce a new Income Tax bill next week to take forward the "trust first, scrutinise later" concept, Finance Minister Nirmala Sitharaman said on Saturday. Illustration:......

Relief for house owners, can claim zero tax on 2 self-occupied properties

The government on Saturday announced that taxpayers can claim annual value of two self-occupied properties as "nil" without any condition. Photograph: Reuters In her Budget speech, Finance......

Rs 15 Trillion In Direct Taxes Comes Via Automatic Route

96 per cent is being collected through TDS, advance tax, self-assessment tax, and other receipts. Illustration: Uttam Ghosh/Rediff.com   A smaller proportion of direct tax collections......

Make Tax Officials Accountable!

'Tax officials view most taxpayers as evaders.''The I-T department has a perverse incentive to raise unreasonable demands since the one-fifth tax collected counts towards officials' collection......

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