Tag: income tax
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Income Tax Department conducts a search in Jharkhand and West Bengal
(Riya Singh, Intern Journalist): The Income Tax Department has carried out search and survey operations on 25th September 2020 at around 20 residential and business premises of a prominent group having operations in Jharkhand and West Bengal. The group is engaged in the trading of various commodities, production of vanaspati ghee, real estate, and tea…
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Over 24 lakh taxpayer to get Income Tax refund
(Namita Pradhan, Intern Journalist) Over 24 lakh taxpayers may have got or will get their refunds soon as the Department of Income Tax has issued a refund of Rs 88,652 crore so far this fiscal. It includes personal income tax refunds for over 23 lakh taxpayers and the corporate taxpayers of over 1.58 lakh refunds…
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New forms issued for filing the income tax return
(Juhi Aishwary, Intern Journalist): New forms have been issued to fill the Income Tax Return (ITR) for the financial year 2019-20 and assessment year 2020-21. If the salaries of up to Rs 50 lakhs per annum are kept in a house, then they have to fill the ITR-1 Sahaj form to file the return. The last date…
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5% exemption for all types of property tax in Telangana
(Juhi Aishwary, Journalist) Hyderabad: Amidst the coronavirus lockdown, the Telangana government has taken a major decision regarding the state. The Telangana government has issued orders to give a 5 percent exemption in property tax payments for taxpayers in both residential and non-residential category categories. Apart from this, the time of Early Bird Incentive has also been extended till…