Wednesday, 5 October, 2022
TopicTax returns

Topic: Tax returns

Incomes of Indians were shrinking even before Covid, pandemic will only make it worse

Tax returns filed by those earning above Rs 50 lakh has seen a contraction of nearly 21%. Those earning between Rs 20 lakh-Rs 50 lakh saw an 8% fall.

Modi govt tightening screw on IT dept a small win for taxpayer

In Budget 2021, the proposed changes to the Income Tax Act 1961 for tax collection are a welcome move.

Sitharaman promises economic package ‘soon’, but eases norms for businesses and taxpayers

Firms get relief on tax returns, company law compliance, and triggering of insolvency proceedings. Regulators are monitoring the markets and economy, assures the FM.

Indian govt can make taxes look good – by taxing bad behaviour, like honking

We can tax other bads too. Like air pollution, water pollution, parking on public roads and so on. We could call it the Bads and Disservices Tax.

45% increase in e-filing by taxpayers who earn less than Rs 10 lakh a year

The sharp increase in tax filers in the lower income slabs can be mainly attributed to government’s decision to start penalising late filers.

Attempt made to colour my tax returns as bogus, says media baron Raghav Bahl

Raghav Bahl says I-T officials seemed disappointed at being told that every piece of information, including details of his London flat, has been duly declared.

Bitcoin uses healthy paranoia & not threat of violence to maintain online security

Despite the potential for abuse, no case of outsize influence has been reported in the decentralised Bitcoin network.

On Camera

YourTurn

The BMW i4 eDrive40. Photo Credit: BMW

Ukraine crisis gave auto sector a crude shock. See how India is responding

The PLI scheme as well as other sops for manufacturing, show that despite some public missteps, government is trying to coax manufacturing into India.

Indian refiners scout for oil deals ahead of EU ban on Russian crude imports

European Union ban on Russian crude imports from 5 Dec will drive European refiners to buy more Middle East oil, putting them in competition with Asian buyers.

Defence

File photo of a BrahMos firing by a Su-30 MKI | Credit: IAF

IAF to increase Sukhois armed with BrahMos supersonic cruise missile with over 500km-range

The IAF currently has 40 SU-30 MKI with BrahMos, the only supersonic cruise missile in the world.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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