I-T deptt to refund excess interest, late fee paid while filing FY21 ITR

New Delhi: The Income Tax Department on Wednesday said it will refund the excess interest and late fee paid by taxpayers due to software...

Govt to refund over Rs 8000 cr under new taxation laws: CBDT chairperson

New Delhi: The government will refund over Rs 8,000 crore to four companies, including Cairn Energy and Vodafone, after the Taxation Laws (Amendment) Bill...

Here’s How Taxpayers Can Register Grievances Under Faceless Assessment Scheme

New Delhi: The Income Tax (I-T) department on Saturday notified three official email IDs for taxpayers to register grievances under the faceless or e-assessment...

Lok Sabha passes bill to end all retrospective taxation

New Delhi: A bill that aims to end all retrospective taxation imposed on indirect transfer of Indian assets was passed by the Lok Sabha...

Average annual revenue collection from tobacco products stands at Rs 53,750 cr: FM

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday told the Rajya Sabha that the average annual revenue collection, including GST and excise duty, from...

Crypto Investors Get Ready for More Taxes, But Clearer Rules

New Delhi: Sure, you might have to actually pay U.S. taxes on those crypto trades. But at least it will be easier to figure...

Government Abolishes Periodic Licence Renewal of Customs Brokers

New Delhi: The essential requirement of periodic renewal of licences of customs brokers and authorised carriers, has been removed by the Central Board of...

Best Investment Options To Save Tax

New Delhi: With proper tax planning, you can save up on a lot of your hard-earned income. To begin planning your investments carefully, it...

Government Extends Date For Filing Tax Forms On Foreign Payments Till August 15, 2021

New Delhi: Giving further relaxation for manual filing of forms 15 CA and 15 CB related to foreign remittances, the Central Board of Direct...

Chinese Whale Buys Fleet of Cars Worth £4 Million with Litecoin

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or...