Tax Savers

Wealth-The Economic Times

News, analysis and Tax Saving Tips on Personal Income Tax, Tax Saving Schemes, Tax Rates, Tax Return Filing, Return Tax, Tax Refunds and Tax Deductions.

CBDT inks 20 unilateral advance pricing agreements with taxpayers

According to the statement, the 20 APAs signed pertain to sectors like, information technology, banking and finance, insurance, human resources etc.
Posted: August 31, 2016, 5:23 am
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Aegon Life to focus on digital, analytics for distribution

The company expects to break even in the next two years, having collected total premiums of Rs 500 crore.
Posted: August 11, 2016, 11:00 am
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Indirect tax collections up 30 per cent to Rs 2.71 lakh crore till July

Central excise revenue collection in the first four months of the fiscal grew 50.8 per cent to Rs 1,23,273 crore as against Rs 81,748 crore collected in the same period last fiscal.
Posted: August 9, 2016, 10:59 pm
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Government's direct tax collection rise by 24 per cent in July

The income tax department issued refunds amounting to Rs.64,181 crore during April-July, 2016, up by 10.43% over refunds issued.
Posted: August 9, 2016, 6:19 pm
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Tax litigation: Income Tax department to write to over 2.59 lakh taxpayers

The 'Direct Tax Dispute Resolution Scheme, 2016' got operational from June 1 and seeks to address the issue of pending litigation before the first appellate mechanism in the Income Tax department -- the Commissioner of I-T (Appeal).
Posted: July 19, 2016, 7:44 pm
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Income Tax department issues clarifications on Income Declaration Scheme

The disclosures will be levied 30% tax and another 15% as surcharge and penalty, adding up to 45%. The total amount has to be paid by November 30.
Posted: July 1, 2016, 4:46 am
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CBDT give 'final opportunity' to taxpayers to regularize their returns

As per the latest data released by the I-T Department, as on 30th April 2016, there has been a 111% year-on-year growth in e-filing ITR-1.
Posted: May 9, 2016, 6:44 pm
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Concealed income by mistake? No income tax penalty

A punching error committed by an online tax-return filing portal, whose services the salaried employee had enlisted, resulted in under-reporting of salary income.
Posted: April 28, 2016, 10:58 am
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Tax Authority extend last date for filing Service Tax 3 form

The Central Government has extended the date of filing of ST-3 returns to April 29 from April 25 owing to certain difficulties.
Posted: April 25, 2016, 11:03 pm
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All ITRs activated for e-filing: IT Department

E-filing of income tax return for all category of filers for the assessment year 2016-17 has been operationalised. CBDT had notified the new forms on March 30.
Posted: April 15, 2016, 9:00 pm
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