Tax Savings: Views on News

Now The I-T Department May Chase You Again. Here’s Why… (01 Nov 2017)

The latest Supreme Court ruling clarified that I-T circular won’t apply in a retrospective manner. In other words, now cases between 2011 and 2015 can be revived.

Beware! The Government Is Eyeing Your Interest Income (11 Sep 2017)

Submitting 15G and 15H when you don’t fulfil the set criteria can land you in trouble.

I-T Department To Launch A Mobile App For You. Here’s What You Need To Know (20 Jul 2017)

The app will link your profile to your PAN thereby letting you track all your I-T related activities.

NRIs Watch Out, You Could Be Under The I-T Lens (20 Jul 2017)

In the absence of any official announcement, NRIs will have an option to skip revealing information about their foreign bank accounts.

Don’t Panic If You Miss The Income Tax Return Deadline This Year. Here’s why… (19 Jul 2017)

Penalties liable under Section 234F of the Income Tax Act, will be applicable from AY2018-19

Here’s What CBDT Is Doing To Expand Tax Base (17 Jul 2017)

It seems demonetisation has started yielding its results. In FY 2016-17, the base of taxpayers got expanded by nearly 25%.

Are You A Tax Cheat? Watch Out! (12 Jul 2017)

Income Tax Department is keeping a track of people who spend a big deal of money but don’t pay taxes or file returns.

Good News! Here Are The Cesses That’ll No Longer Exist Under GST… (05 Jul 2017)

The groundwork started in the Financial Year (FY) 2015-16 as the Government began repealing cesses since then.

I-T Returns and Aadhaar–What You Need To Know (12 Jun 2017)

There’s no relief to those who have been reluctant to mention their Aadhaar number and link it with their PAN.

Not served your notice period? Now you don’t pay tax… (24 Apr 2017)

It won’t be possible for the I-T department anymore to tax your notional income.

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