Income Tax

New Delhi (ILNS): A grou...

Two days before the first presidential debate of 2020 The New York Times dropped a bombshell story about how Trump paid only token tax amounts on hundreds of millions of US dollars flowing into the Trump Organization and its subsidiaries

The Supreme Court today refused to order a stay on the Income Tax proceedings against Karnataka Congress Chief DK Shivkumar.

The reforms are meant to benefit sincere taxpayers, ensure their fair and polite treatment, and ease their compliance burden. Yet, tax harassment and trial notices are the order of the day, leading to distrust

The Central Board of Direct Taxes (CBDT) vide Notification dated June 24, 2020 and the Ministry of Finance, June 24, 2020 has provided a much needed clarity and has given a legislative sanction to the income tax reforms inter alia proposed by the Hon’ble Finance Minister in light of the pandemic COVID 19.

There are plenty of exemptions and deductions in the new tax system. The new system is applicable from financial year 2020-2021 onwards.

The lockdown is slowly b...

The Central Board of Dir...

The Ministry of Finance o...

The Delhi riots have push...