Tags Income

Tag: income

Revenue tax dept reveals what number of CAs, docs declared earnings above ₹1 crore

How many professionals in India have declared annual income of ₹1 crore from their profession in their tax returns? About 2200. This was clarified in a series of tweets by the income tax department, sharing income tax return data for the financial year 2018-19. "In the ITRs filed by individuals in current financial year, only…

Only Income In India Will Be Taxed: Minister’s Clarification On NRIs

Income of an NRI generated in India will be taxed here, Nirmala Sitharaman said.HighlightsNo intention to tax global income of NRIs: Finance Minister "Income of NRI generated in India will be taxed here," she said "Not taxing what you're earning in Dubai": Ms SitharamanNew Delhi: Finance Minister Nirmala Sitharaman on Sunday said that there is…

‘Global income of NRIs in India will not be taxed,’ says Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Sunday said that the Centre has no intention of levying a tax on the global income of NRIs and only that income which is generated in India will be taxable.After the Budget on Saturday there was confusion about the tax liability of Non-Resident Indians (NRIs) on their global income. The…

Budget 2020: Income Tax Cuts, Concessions For Home Buyers Predicted

The government is set to miss its fiscal deficit target for a third straight yearHighlightsGovernment expected to widen budget deficit goal for fiscal year 2019-20 It is set to miss its fiscal deficit target for third year in a row Nirmala Sitharaman may be forced to tap RBI to help finance budgetIndia's annual budget on…

5 income tax changes expected in this year’s budget

The lowering of corporate tax rate has triggered hopes that Finance Minister Nirmala Sitharaman will announce some relief on the personal income tax front in this year's Budget. From rejig of income tax slabs or rates to higher deduction, expectations are high though tax rate cuts will definitely hit revenues at a time when government's…

Income tax on gains from stocks, equity mutual funds set to be revamped: Report

The government is considering a revamp of the income tax structure on equities to boost investor sentiment, television channel CNBC Awaaz reported, citing sources. The existing long term capital gains (LTCG) tax, the securities transaction tax (STT) and dividend distribution tax (DTT) are under review, the report said. This comes in the wake of a…

From declining income to job squeeze: How lower GDP can impact you and me

Economy The GDP growth of 5% in the April-June quarter was the lowest in six years IANS Saturday, August 31, 2019 - 14:35 While a decline in GDP affects the poor worse as India is one of the most unequal societies, it hits your wallet each time a slowdown is recorded. It takes toll on…

New income tax slabs: Here are 5 rates proposed to govt, says report

A government-appointed task force earlier this month submitted its report to the Finance Ministry on new Direct Tax Code, which seeks to replace the existing Income Tax Act. Though its details are yet to be made public, news agency IANS, citing sources, has reported that the task force has proposed many changes to the Income…

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Information updates from Hindustan Occasions | Violence in Delhi disturbing, tweets Rahul Gandhi on clashes over…

Home / India News / News updates from Hindustan Times | Violence in Delhi disturbing, tweets Rahul Gandhi on clashes over CAA and all the latest news Here are today’s top news, analysis and opinion curated for you at this hour. Know all about the latest news and other news updates from Hindustan Times.Violence in…

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