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Chandigarh Beopar Mandal takes up traders’ issues with Bhartiya Udyog Vyapar Mandal

Chandigarh Beopar Mandal president Charanjiv Singh said BUVM was constantly addressing traders’ issues, with the recent being extension of the benefit of MSME to traders and the constitution of the National Traders Welfare Board to resolve the traders’ issues

Babu Lal Gupta assured the Chandigarh Beopar Mandal members to take up their issues with the GST council and other Union ministries concerned. (HT Photo)
Published on Sep 19, 2023 04:01 AM IST
By, Chandigarh

6.98 crore ITRs filed in AY2023-24, processing time reduced to 10 days: I-T dept

The income tax department said the average processing time of the returns had been reduced to ten days for returns filed for the assessment year 2023-24.

The income tax department said there are 14 lakh ITRs which were filed but are awaiting verification by the taxpayers as on September 4.(File photo)
Published on Sep 05, 2023 08:32 PM IST

Income Tax Day: Step-by-step guide on using AIS app before ITR filing

Income Tax Department introduced a mobile application called 'AIS for Taxpayers' in March this year to provide taxpayers with easy access to their information.

The Income Tax Department introduced a mobile application called 'AIS for Taxpayers' in March. (Representative image)
Published on Jul 24, 2023 02:14 PM IST

YouTuber who earned 1 crore from videos raided by I-T dept sleuths

Taslim, who hails from UP's Bareilly, runs a YouTube channel called ‘Trading Hub 3.0’ through which he shares videos related to the share market.

The department came across the activities of Taslim after the police shared the information about his financial activities. (Representative image)
Published on Jul 18, 2023 06:54 PM IST

Net direct tax collection rises 16% to Rs. 4.75 lakh crore in the current fiscal

Net direct tax mop-up grows 16 pc to ₹4.75 lakh crore so far this fiscal.

Representative Image
Updated on Jul 10, 2023 08:19 PM IST
PTI | | Posted by Singh Rahul Sunilkumar

Income tax return filing: 5 things to do for getting maximum refund on your ITR

Income tax return filing: If the tax amount paid exceeds the taxable income, you will be eligible for a refund.

It is absolutely necessary to file your income tax returns before deadline
Published on Jul 10, 2023 01:54 PM IST

ITR filing: 5 things Gen Z taxpayers should know on saving taxes

ITR: Filing income tax return before deadline not only ensures compliance with tax regulations but also prevents unnecessary financial burden.

You must file your income tax return before deadline to avoid penalties and interest charges.
Published on Jul 04, 2023 09:33 PM IST

Maharashtra ‘sabotage’ will unify Opposition: Mehbooba Mufti

The PDP chief said BJP, in the past 75 years, has emerged as the “most corrupt” party in India and that its actions were damaging country’s image

People's Democratic Party president Mehbooba Mufti addresses a press conference in Jammu on Monday. (PTI)
Updated on Jul 03, 2023 10:25 PM IST

Helping taxpayers make sense of GST regulation

Taxpayers are key to robust GST collections and deserve recognition for their support.

SAMVAAD with taxpayers has been the key since the launch of the Goods and Services Tax (GST) on July 1, 2017,
Published on Jun 29, 2023 06:36 PM IST

From ITR filing deadline to LPG prices, what's expected to change in July

Changes to happen from July 1: Here's a look at the key changes that the people need to know that will come into affect from July 1, 2023.

Commercial LPG cylinders price was increased by <span class='webrupee'>₹</span>350.50 per unit and domestic LPG cylinders by <span class='webrupee'>₹</span>50 per unit (Representative Photo)
Published on Jun 29, 2023 05:17 PM IST

How to file ITR 1 for salaried employees using Form 16? 10 easy steps

Income tax ITR online filing: The last date to file the ITR for the financial year 2022-23 is July 31.

Salaried individuals can file Income Tax returns online. (File Photo)
Published on Jun 27, 2023 06:18 PM IST

Shree Cement shares slump after report of $2.81 billion tax evasion

According to a report, tax evasion amounting to ₹230 billion ($2.81 billion) was found in searches at multiple company locations.

The company said on Saturday that the survey was still ongoing, and that its management team is extending full co-operation to officials.(Hindustan Times file/ Representative image)
Published on Jun 26, 2023 10:56 AM IST
Reuters |

Ludhiana: 2 held for duping people posing as police officers

According to police the accused used to blackmail people by honey trapping them with the help of some women

Two accused in custody of police in Ludhiana. (HT Photo)
Updated on Jun 24, 2023 11:50 PM IST
By, Ludhiana

Income tax return filing: How to file your ITR without Form 16?

Income tax return filing: According to tax experts, it is possible to file income tax return without Form 16.

It is possible to file income tax return without Form 16
Published on Jun 23, 2023 12:01 PM IST

I-T raids 25 locations linked to Bihar bizman

According to officials, the businessman, Ajay Kumar Singh alias Karu Singh, is said to be a close relative of a senior JD-U minister, and runs an iron-bar-making factory.

The I-T teams carried out searches at Boring Road in Patna, Begusarai, Noida, Ghaziabad, Kolkata and Odisha. (HT Photo)
Updated on Jun 22, 2023 10:44 PM IST

TV producers get three months jail for income tax delay

TV production company and its directors Yash Patnaik and Mamta Patnaik have been sentenced to three months imprisonment for not submitting ?8.37 crore income tax.

HT Image
Updated on May 22, 2023 12:33 AM IST

IT department seeks to tax Netflix India's income: Report

With taxing Netflix, this will be first time India will tax overseas digital companies providing electronic commerce services to consumers.

Smartphone with Netflix logo is placed on a keyboard.(REUTERS)
Updated on May 12, 2023 02:55 PM IST
Reuters | | Posted by Singh Rahul Sunilkumar

Congress's ‘40% commission’ dig as PM Modi dials top Karnataka BJP leader

Prime Minister Narendra Modi held a telephonic conversation with Karnataka BJP leader and former minister KS Eshwarappa,

Karnataka BJP leader KS Eshwarappa.(PTI file)
Updated on Apr 21, 2023 01:38 PM IST

Centre plans to charge more direct tax from rich to reduce income inequality

India’s reliance on indirect taxes rather than direct taxes on capital is often cited as the main culprit behind the country’s poor getting left behind.

At the heart of the rework is potential increases in capital gains taxes for top income earners.
Updated on Apr 18, 2023 08:43 PM IST
Bloomberg |

IT official who threw phones into Sabarmati to dodge cops gets arrested

The CBI retrieved evidence that included two mobile handsets that the former assistant commissioner discarded in the Sabarmati river.

A general view of the Sabarmati River near Ahmedabad.(AFP)
Published on Apr 18, 2023 02:50 PM IST
PTI | By

Which income tax regime should salaried employees choose? Details here

CBDT in its circular stated that the salaried employees are required to intimate their employers about the income tax regime they want to opt for.

Under the new tax regime, an individual with an annual income of up to <span class='webrupee'>₹</span>7 lakh would not be required to pay any tax.(Representative Image)
Published on Apr 17, 2023 07:01 PM IST

Check this new update on PAN-Aadhaar linking

To pay the late fees for linking PAN-Aadhaar, the updated process requires selecting AY 24-25 and specifying the payment type as “Other Receipts (500)”.

Failing to link the two documents by June 30 will render the PAN card inoperative from July 1.(HT file)
Published on Apr 14, 2023 04:26 PM IST
By | Edited by Aryan Prakash

I-T search in Karnataka's co-op banks reveals fund routing worth 1,000 crore

Many incriminating pieces of evidence -- hard copy documents and soft copy data -- had been found and were seized during the search exercise.

The search action also resulted in the seizure of unaccounted cash of over <span class='webrupee'>₹</span>3.3 crore and unaccounted gold jewellery worth over <span class='webrupee'>₹</span>2 crore.(File)
Updated on Apr 12, 2023 04:05 PM IST

Take back IT Park land, pay 1,000 crore invested since 2005: CHB to UT admn

The Chandigarh Housing Board has written to the Chandigarh administration to take the land back and return ₹1,000 crore that the board has spent on it since 2005

In October last year, the Union ministry of environment and forest had refused to accord approval to the IT Park housing scheme, stating that the project site falls in the eco-sensitive zone of the Sukhna Wildlife Sanctuary. (HT Photo)
Updated on Apr 07, 2023 01:57 AM IST
By, Chandigarh

New tax slabs to LPG prices: List of changes from April 1

From revised income tax slabs to gold jewellery hallmark, here is a list of major changes effective from this month.

The new financial year (FY) 2023-24 will begin on April 1. (representative)
Updated on Apr 01, 2023 11:03 AM IST
By | Written by Ritu Maria Johny

From Apr 1, these 10 big income tax rule changes to be effective. Details

Each year, a new financial year begins on April 1, and continues till March 31 next year.

Representational Image
Published on Mar 28, 2023 10:12 AM IST
By, New Delhi

New tax regime, other rules to kick in from Apr 1: What taxpayers need to know

Starting FY 2023-24, the new tax regime will be the default regime to file returns, as announced by finance minister Nirmala Sitharaman in the annual budget speech on Feb 1.

Representational Image
Published on Mar 27, 2023 08:51 AM IST
By, New Delhi

What is a Form 16? How to file income tax return using it?

Form 16 is a certificate of tax deduction at source issued by the employer to the employee upon tax deduction.

The form is generally released before the end of May for the preceding fiscal year, which runs from April 1st to March 31st. (Representational Image)
Published on Mar 26, 2023 03:19 PM IST

View tax information on mobile! Income Tax dept launches 'AIS for Taxpayer' app

Taxpayers can use the mobile app to view their information related to TDS/TCS, interest, dividends, share transactions, tax payments, Income Tax refunds, and Other Information (GST Data, Foreign Remittances, etc.) as available in AIS/TIS.

'AIS for Taxpayer' mobile application has been made available on Google Play and App Store. (Representative Image)
Published on Mar 23, 2023 05:51 PM IST
ANI | | Posted by Singh Rahul Sunilkumar

Income tax return: You should avoid these errors while filing ITR

For filing ITR, individual taxpayers have a deadline of July 31 each year, while businesses and other entities have a deadline that varies depending on their category.

Penalties range from Rs.1,000 to Rs.10,000 if their returns are filed after the due date. (Representative Image)
Published on Mar 20, 2023 08:03 PM IST
By | Edited by Aryan Prakash
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