Despite a strong growth in the number of persons filing income-tax returns since 2014, the Centre has been struggling to meet its target for basic I-T collections every year. This appears to have made it turn towards supplementary levies such as I-T surcharge and cesses to bolster its collections in FY19.
Neha Malhotra, Executive Director shares her views on aformentioned story for Hindu Business Line- Front page story.
As per a CBDT notification, form 15H has been amended, now senior citizens with taxable income up to Rs. 5 lakh can claim TDS exemption in lieu of interest on their deposits with bank and post offices. It is to be noted for TDS exemption claim, earlier the limit was set at Rs. 2.5 lakh.
Neha Malhotra, Executive Director shares her views on aforementioned story for PTI.
(This news has been picked by 210 other news publications including Economic Times, Business Standard, Livemint, Indian Express, Financial Express, Business Today, Bloomberg Quint etc.)
Income-tax department soon is going to have access to 360 degree profile of the its taxpayers and also those not fulfilling their moral responsibility of paying their due share of taxes.
Neha Malhotra, Executive Director with inputs from Radhika Arora contributed an article on Income tax evaders beware; govt to keep tabs on your social media profiles for Financial Express.
Housing for all is the one of the major objectives of the government. It wants to promote investment in residential property and various steps were taken even in the Interim Budget to give relief to owners of house property and boost real estate sales.
Neha Malhotra, Executive Director with inputs from Radhika Arora
contributed an article on Income Tax: Claim capital gains tax benefit on sale of house judiciously for Financial Express.