Income tax return Current Affairs, GK & News
Budget 2021: No change in Income Tax Slabs
The Union Finance Minister, Nirmala Sitharaman, have proposed no change in the Income Tax Slabs in the Union Budget 2021. The income tax structure has been kept as earlier. However, some relief have been announced for the senior citizens. It was announced that the senior citizens above the age of 75 years will exempted from ..
Month: Current Affairs - February, 2021
Category: Economy & Banking Current Affairs
Topics: Custom Duty • Income Tax • Income tax return • nirmala sitaraman • Union Budget 2021
Aaykar Setu
The Central Board of Direct Taxes has launched an app ‘Aaykar Setu’. The app helps to file income tax return (ITR) online, locate the nearest Tax Return Prepares (TRP), provides calculators and other tools, helps manage your PAN and TDS. The app, therefore, is more of a helping guide to zero-in to one’s tax concern ..
Topics: Income tax in India • Income tax return • ITR • Tax forms
Salaried employees to get more tax benefits
Now, salaried employees who are earning up to Rs 5 lakh a year, are not required to file income tax returns for assessment year 2012-13. The immunity from filing I-T returns is valid in those conditions, when total income of the employee does not exceed Rs 5 lakh and the annual interest received from savings ..
Month: Current Affairs - July, 2012
Topics: Economy • Income tax in Australia • Income tax in India • Income tax in the United States • Income tax return • Income taxes • Indian tax forms • IRS tax forms • Tax • Tax Deducted at Source • Tax forms
E-file returns compulsory if income exceeds Rs 10 Lakhs
People with income of Rs 10 Lakhs per annum will have to file their tax returns electronically beginning 2011-12 Financial year. The CBDT (Central Board of Direct Taxes) has issued a notification making e-filing compulsory for assessment year 2012-13 onwards for an individual or a Hindu undivided family if his or its total income exceeds ..
Month: Current Affairs - July, 2012
Topics: Economy • Income Tax Department • Income tax in India • Income tax in the United States • Income tax return • Ministry of Finance • Pay-as-you-earn tax • Tax • Tax forms • Tax return • Taxation in the United States • Union budget of India
Current Affairs : June 23, 2011
Ambubashi Mela commences at the Kamakhya temple in Assam The 4 day yearly Ambushi Mela started at the Shaktipeeth Kamakhya Dham in Guwahati The door of the temple closed for the visitors for next 3 days The temple complex is on the top of the Neelachal Hill Former Kerala Minister Mr. A. Sujanapal Sujanapal passes ..
Month: Current Affairs - June, 2011
Category: Government Schemes Current Affairs
Topics: Arunachal Pradesh • Assam • Bogibeel Bridge • Dibrugarh • Income tax in India • Income tax return • India • National Food Security Act • Nirupama Rao • Northeast India • Seven Sister States • States and union territories of India