Before listing out the 3 ‘R’, the FM appreciated the income tax department for bringing in the faceless system despite the challenging Covid pandemic times and adapting to changed work pattern smoothly. She also lauded the taxmen for its focus on adoption of technology to collect taxes in a non-discretionary manner.
Tax loss harvesting: Income taxpayer should avoid timing the stock market after booking loss in a portfolio stock, say experts
Income Tax: Currently, an 18 per cent GST is levied on online Games of skill, while a 28 per cent GST is levied on online games of chance.
How to Become Income Tax Officer in India? Check out the monthly salary breakup, job responsibilities, posting, pay scale, etc. Also, know the selection process for an IT Officer through SSC CGL & UPSC Exams.
The gross direct tax collection rose 30 per cent to Rs 8.36 lakh crore in the April to mid-September period of the current fiscal on increased corporate tax and personal income tax (PIT) mop-up due to increased economic activity.
Can my mother save taxes by making investments in another residential house? She already owns one residential flat.
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Depending on the period of holding, capital gains on sale of bonds may be of short-term or long-term gains in nature and would be taxed accordingly.
An NRI receives different types of income from India. However, if an NRI receives a certain type of income from India, then TDS will be applicable to such income. The TDS will be applicable even Re 1 earned from such income, irrespective of whether an NRI’s total taxable income exceeds Rs 2.5 lakh or not in a financial year.
Depending on the period of holding, capital gains on sale of bonds may be of short-term or long-term gains in nature and would be taxed accordingly.
© 2018 CA Chandan Agarwal. All rights reserved.