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Tuesday, November 5, 2024
TopicTaxpayers

Topic: taxpayers

Central Board of Direct Taxes pushes deadline for filing audit reports of FY24 from September 30 to October 7

Decision was made considering the challenges taxpayers and other stakeholders faced in submitting reports electronically, says CBDT circular.

AAP made education a political issue. Competition will force others to take it seriously

Investing taxpayer money into government schools is the most effective transfer of wealth from rich to poor.

India’s answer to tax-evasion lies in blockchain

Modi govt must consider putting GST collection on blockchain, which is a technocratic solution and need not be managed by the State.

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.

Purchase of jewellery over Rs 1 lakh, Rs 20,000 hotel bills to come under I-T scanner

The move comes as the Modi government aims to widen the tax base by using data of high value transactions to look for tax evaders.

‘Too much government, too little governance’ — new book decodes India’s private republics

Shankkar Aiyar's The Gated Republic, by Harper Collins, will be released on 20 June on SoftCover, ThePrint’s new e-venue to launch select non-fiction books.

Agri to infra, Budget 2020 takes a calculated path to revive demand, boost economic growth

The underlying assumption in the Budget’s economic strategy is that the Indian economy appears to have bottomed out and is expected to pick up in 2020-21.

Lower income tax rates but no deductions — Modi govt creates optional second tax system

Taxpayers will have to forego Rs 1.5 lakh savings deduction and Rs 2 lakh interest deduction on home loans, among others, to avail new income tax rates.

Deadline for filing income tax returns extended to 31 August

The government on Tuesday extended by a month the due date for filing IT returns for the financial year 2018-19.

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.

On Camera

Trudeau is nursing snakes in his own backyard. Misguided Sikhs in Canada are losing the plot

By turning a blind eye to the snakes in his own backyard, Trudeau is setting the stage for a disaster of epic proportions for his country, his people, and the world at large.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

As IDF unveils robotic combat task force, Israeli maker says open to working with India

Using this technology, IDF carried out fully robotic combat missions, drastically reducing risk to Israeli troops. The robotic combat task force also enhanced situational awareness.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.