Finance Minister, who met Infosys CEO Salil Parekh, conveyed 'deep disappointment and concern' over the continuing glitches in the new income tax filing portal.
Twelve years after Shiromani Gurdwara Parbandhak Committee filed an appeal calling for exemptions to its donors, an IT tribunal Monday gave approval for the exemption under Section 80G of IT Act.
Under the technology-driven faceless schemes, a taxpayer will not be required to visit IT department's office or meet an official for income tax related complaints.
The Income Tax department also said the ex-gratia payment received from the employer by family members in case of death of an employee due to Covid would be exempt from income tax.
The portal, which was launched on 7 June, is riddled with problem including long logging time, inability to generate OTP for Aadhaar validation & non-availability of previous ITRs.
The tribunal says women accumulated cash through various sources, which they had to deposit in bank accounts during demonetisation & therefore, it cannot be treated as taxable income.
Jeff Bezos paid no income tax in 2007 & 2011. Elon Musk's income tax bill came to zero in 2018, and financier George Soros went 3 straight years without paying federal income tax.
Sitharaman took to Twitter to announce the launch of the new portal that went live Monday evening, but soon, her timeline was flooded with user complaints.
The graduation is meant to bolster the legacy and legitimacy of Sheikh Hasina's Awami League, even as the real-world preparedness lagged behind the glossy narrative.
Indonesia delegation led by Defence Minister Sjafrie Sjamsoeddin visited BrahMos facility & met with top officials & undertook a detailed briefing on the missile system.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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