Income tax department in race in opposition to time to fulfill target

The numbers, professionals trust, may want to intensify the department’s recovery pressure and bring about delaying of a tax refund. According to figures compiled using the branch from numerous regions, ‘total internet series’ as on February 20 was Rs 7, seventy-nine,459.7 crore — more or less, Rs 7. Seventy-nine lakh crore. Mumbai, which money owed […]

Income Tax: Claim capital gains tax gain on sale of residence judiciously

Housing for all is one of the foremost objectives of the government. It desires to sell an investment in private belongings, and numerous steps have been taken even within the Interim Budget to present relief to owners of house assets and increase actual property income. Ease in capital advantage exempt norms The Income Tax Act […]

Is it mandatory to hyperlink Aadhaar with earnings tax returns?

Privacy issues related to Aadhaar have been a count number of final debate and fierce opposition. But in September 2018, the Supreme Court showed that Aadhaar is obligatory for submitting of earnings tax returns. It has maintained the validity of segment 139AA of the Income Tax Act. The authorities placed essential arguments in favor of […]