Showing results for "#Taxpayers"
New capital gains regime to simplify tax system: CBDT Chairman
In the new tax regime, Income tax on income up to Rs 10 lakh has been reduced to 10 per cent, and standard deduction has been increased from Rs 50,000...
Income inequality declining in India, says SBI report
The SBI Research Department has, for the first time in the Indian context, used publicly available income tax data to measure the estimates of...
Number of GST return filers up 65% in 5 yrs
An increase in return filing across the years indicates improvement in compliance level, the ministry added.
Govt offers filing of NIL GST statement in form GSTR-1 through SMS
With the facility of SMS getting activated, now taxpayers with NIL liability need not log on to the GST Portal and may file their NIL statement in...
Reduced TDS/TCS not for those who have not furnished Pan/Aadhaar
Taxpayers who have not furnished Pan or Aadhaar numbers while filing tax returns will not get the benefit of lower rates of Tax Collection at Source...
Taxpayers seeking revision of lower withholding tax will not get...
Businesses seeking lower TDS/TCS (tax deduction at source /tax collected at source) for FY21 in view of the impact of Covid-19 outbreak on business...
CBDT issues orders to mitigate hardships to taxpayers
The government has extended the validity of all lower withholding tax orders secured by assessees by three months till June 30 to mitigate the...
Infosys asked to solve taxpayers’ tech-related issues
Putting the onus of GST portal performance solely on Infosys, the government on Friday asked the IT service provider to ensure systems related...