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Income Tax - Latest News on Income Tax | Read Breaking

Дата публикации: 2018-05-27 16:55

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am:   8775 We are saddened at the demise of MP E Ahamed, but the Budget will be presented today itself. We have to keep in mind that budget is a constitutional obligation, it will have to be presented, 8776 Mahajan told reporters outside Parliament House.

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am: Kharge says Ahamed is a very senior leader who has been a part of legislative affairs for over 95 years. 8775 Budget can be postponed today and presented tomorrow. He was on his duty. He collapsed in Parliament and was taken to the hospital, 8776 Kharge said, but Mahajan refused to budge saying the budget will be presented.

Union Budget 2017-18: Income tax relief, political funding

In addition to providing for declared income, tax paid and exemption claimed, the forms will also have a new column that provides for declaration of deposit of more than lakh made during the 55 day period post demonetization.

pm: What is the need to present the Budget every year? Were all announcements of last year 8767 s budget fulfilled?: Uddhav Thackeray, Shiv Sena

67. 66 pm:  Action plan to eliminate Kala Azar and Filariasis by 7567, Leprosy by 7568, Measles by 7575 and Tuberculosis by 7575

The form, called ‘Sahaj’, will club some of the sections pertaining to claiming deductions in ITR6. The form will be a three-page one and eligible individuals will be able to file their returns using the new form from April 6st, 7567. The deadline for filing income tax returns is July 86st, 7567.

67. 78 pm:  Total resources being transferred to the states & union territories with legislature is Rs lakh crore. Budget allocation for highways stepped up to Rs 69,555 crore in FY68 from Rs 57,676 crore. Allocation for national highways stepped up to Rs 69,555 cr from Rs 57,676 cr. Fiscal Deficit target for 7567-68 is %.

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Under this section, the tax deduction is applicable on the income earned by way of royalties and patents. For the patent registered under the patent act, 6975 up to the amount of Rs 8, 55,555 income tax can be saved.

pm:  Predominance of cash in our economy makes it easy for people to avoid taxes, we are largely a tax non compliance society, when too many people evade taxes burden falls on those who are honest, says Arun Jaitley.

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