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Search results for taxpayers

Vivad Se Vishwas Scheme 2024: What is it and how to avail it?
11 hours, 28 minutes ago

Vivad Se Vishwas Scheme 2024: What is it and how to avail it?

India Today  

The Vivad Se Vishwas Scheme 2024, introduced in Budget 2024, provides taxpayers with an opportunity to settle pending disputes with the Income Tax Department. By paying the disputed tax amount along with a specified percentage, taxpayers can resolve disputes and avoid penalties and interest. ELIGIBILITY FOR THE SCHEME Taxpayers eligible for this scheme include: Those with pending appeals, writ petitions, …

2024 This Scheme Scheme Taxpayers Pending Disputes Vishwas Scheme
GSTR-9 simplified: Filing, features, deadlines and other details
17 hours, 48 minutes ago

GSTR-9 simplified: Filing, features, deadlines and other details

India Today  

GSTR-9 is the annual return to be filed by taxpayers registered under Goods and Services Tax, offering a comprehensive overview of sales, purchases, and the GST charged and paid during the financial year. GSTR-9 is mandatory for GST taxpayers with an aggregate annual turnover exceeding Rs 2 crore for the financial year 2023-2024. However, the following categories are exempt from …

Tax Filing Gst Taxpayers
Louisiana often holds inmates past their release date, DOJ lawsuit claims
1 day ago

Louisiana often holds inmates past their release date, DOJ lawsuit claims

Associated Press  

Louisiana’s prison system routinely holds people weeks and months after they have completed their sentences, the U.S. Department of Justice alleged in a lawsuit filed Friday. The suit against the state of Louisiana follows a multiyear investigation into what federal officials say is a pattern of “systemic overdetention” that violates inmates’ rights and costs taxpayers millions of dollars a year. …

State Louisiana
A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?
1 day ago

A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?

Associated Press  

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The IRS said it’s distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns. The special payments announced by the IRS are being sent to those taxpayers who filed a 2021 …

Credit Payments Income Tax Received Irs Receive Eligible
A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?
Trending News
1 day, 17 hours ago

A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?

India Today  

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the Internal Revenue Service in the coming weeks. The IRS said it’s distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns. The special payments announced by the IRS are being sent to those taxpayers who filed …

Tax Credit Payments Received Irs Receive Eligible
Exposed: How a reality TV star turned OnlyFans model engaged to a porn billionaire was allowed to open a care home for vulnerable children... and charge taxpayers £3m a year. FRED KELLY investigates t
2 days, 16 hours ago

Exposed: How a reality TV star turned OnlyFans model engaged to a porn billionaire was allowed to open a care home for vulnerable children... and charge taxpayers £3m a year. FRED KELLY investigates t

Daily Mail  

She's a reality TV star who sold X-rated pictures of herself online and is engaged to a billionaire porn baron. Until it was shuttered a year ago – only to be briefly reopened and then closed a second time – Moss Farm Children's Home in the village of Styal, Cheshire, was owned and operated by AP Care Homes Ltd, a …

Homes Children Reality Child Care Open Moss
Taxpayers set to shoulder £43billion worth of council debt under Labour's devolution plans
2 days, 20 hours ago

Taxpayers set to shoulder £43billion worth of council debt under Labour's devolution plans

Daily Mail  

Taxpayers are set to bear the burden of £43billion worth of council debt under Labour's plans to create 'super-councils' via their local authority reform. Thurrock Council was left with more than £1billion worth of debt after investing in a solar farm tycoon who used taxpayer cash to buy luxury goods including a yacht and a private jet Ministers want to …

England Labour Local Government Debt Council Plans Essex
Trump’s nominee to lead IRS touts credential tax experts have never heard of
2 days, 21 hours ago

Trump’s nominee to lead IRS touts credential tax experts have never heard of

Raw Story  

Former U.S. Rep. Billy Long of Missouri, whom President-elect Donald Trump has named his nominee to head the IRS, touts his expertise in tax matters. The credit also attracted fraud, eventually landing on the IRS’ “worst of the worst” list for tax scams. Billionaire Elon Musk, a Trump advisor, recently asked on X if the agency’s budget should be “deleted.” …

Lyon Tax Credit Congress Trump Claims Missouri
Vivad Se Vishwas Scheme: FAQs for settling tax disputes easily
3 days, 6 hours ago

Vivad Se Vishwas Scheme: FAQs for settling tax disputes easily

India Today  

In a bid to bring relief to taxpayers, the Direct Tax Vivad Se Vishwas Scheme 2024, introduced in Budget 2024, offers a simplified route to resolve income tax disputes. Is an appeal filed against intimation under section 143 of the Act and pending as of July 22, 2024, eligible for the DTVSV Scheme 2024? Can the DTVSV Scheme 2024 be …

Appeal Settlement 2024 Filed Taxpayer Eligible Such Cases
Dozens of laws and rule changes take effect in the Netherlands on 1 January 2025
3 days, 17 hours ago

Dozens of laws and rule changes take effect in the Netherlands on 1 January 2025

NL Times  

At the start of every year, the Dutch government implements a series of legal changes, regulatory adjustments, and adapted rules. Anyone earning over 75,518 euros per year pays the high rate of 49.5 percent, while anyone earning less pays 36.97 percent. In between there will be a middle bracket for people earning between 38,089 and 75,518 euros per year, with …

Dutch Students Netherlands Tax Social Housing Information Financial Institutions
Titanic builder Harland and Wolff to be bought by Spain’s Navantia
4 days, 6 hours ago

Titanic builder Harland and Wolff to be bought by Spain’s Navantia

Associated Press  

LONDON — The future of the Northern Ireland-based Harland and Wolff shipbuilder, which famously built the Titanic, appears to have been safeguarded on Thursday after the Spanish state-owned business Navantia stepped in to buy it. If approved, the deal will secure 1,000 jobs at Harland and Wolff’s four shipyards, including at the iconic one in Belfast, Northern Ireland. “This deal …

Contract Navantia Harland And Wolff Builder Harland
Missed ITR deadline? Here's your guide to filing belated return for AY 2024-25
4 days, 7 hours ago

Missed ITR deadline? Here's your guide to filing belated return for AY 2024-25

India Today  

If you missed the original deadline to file your income tax return for FY 2023-24, don’t worry—you still have a chance. A belated ITR, filed under Section 139 of the Income Tax Act, is for taxpayers who missed the original filing deadlines. Regardless of the original deadlines, all taxpayers who missed them must file a belated ITR by December 31, …

Tax 2024 Filing File Original Belated Belated Return
Police are destroying 100 dogs every month since XL bullies were banned - with £25million of taxpayers' money spent keeping seized pets in kennels
4 days, 10 hours ago

Police are destroying 100 dogs every month since XL bullies were banned - with £25million of taxpayers' money spent keeping seized pets in kennels

Daily Mail  

Police chiefs have put forward 'a strong request' for funding to help enforce the ban on XL Bully dogs. An investigation has found that police have destroyed more than three dangerous dogs a day on average since the XL Bully ban came in nearly a year ago. Lisa Willis, who was attacked by an XL Bully months after the ban …

England Wales Month Ban Bbc Pictured Bully
Missed filing tax returns in July? File your belated ITR for FY24 by December 31
Trending News
4 days, 17 hours ago

Missed filing tax returns in July? File your belated ITR for FY24 by December 31

India Today  

If you missed the deadline to file your Income Tax Return for the financial year 2023-24 in July, you still have an opportunity to make amends. The Income Tax Department allows taxpayers to file a belated ITR by December 31, 2024. CONSEQUENCES OF LATE FILING Late filing fee As per Section 234F of the Income Tax Act, individuals filing their …

Tax Income Interest File Itr Ensure Your Income
Labour left in mutiny over Keir Starmer's betrayal of 3.8m Waspi women - after government blocked £10.5bn of compensation
4 days, 18 hours ago

Labour left in mutiny over Keir Starmer's betrayal of 3.8m Waspi women - after government blocked £10.5bn of compensation

Daily Mail  

Labour was in mutiny last night over Sir Keir Starmer’s ‘betrayal’ of women born in the 1950s hit by state pension age changes. And he asked: ‘Will the Prime Minister give members the opportunity to vote on whether they believe Waspi women are owed compensation?’ Sir Keir replied: ‘The simple fact of the matter is, in the current economic circumstances, …

Government Women Compensation Labour Pension State Prime Minister
Frustration over ‘deeply disappointing’ Waspi decision justified, says Sarwar
5 days, 1 hour ago

Frustration over ‘deeply disappointing’ Waspi decision justified, says Sarwar

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Frustration from Waspi women over the “deeply disappointing” decision of …

Women Compensation Ombudsman Sarwar Mr Sarwar No Compensation Position
Trump needs to hold Elon Musk to ethics standards, says Democratic Senator
Trending News
5 days, 17 hours ago

Trump needs to hold Elon Musk to ethics standards, says Democratic Senator

India Today  

US Senator Elizabeth Warren has asked Donald Trump's transition team to hold Elon Musk to the same ethics standards as other transition members, putting oversight of the unusually powerful presidential adviser in the spotlight. "Mr Musk’s substantial private interests present a massive conflict of interest with the role he has taken on as your ‘unofficial co-president," Warren said in a …

Ethics Trump Transition Musk Reuters Warren Elon
Own foreign assets or income? Disclose now to avoid Rs 10 lakh penalty
5 days, 17 hours ago

Own foreign assets or income? Disclose now to avoid Rs 10 lakh penalty

India Today  

Failing to disclose foreign income and assets can land taxpayers in double trouble under both the Income Tax Act and the Black Money Act. STEPS FOR FILING AND DEADLINES Taxpayers must declare foreign income and assets in the applicable ITR for the assessment year they were a resident in India. Disclosing foreign income and assets not only ensures compliance with …

Tax Assets Income Foreign Act Itr Disclose
ED restores Rs 22,000 crore of assets from Vijay Mallya, Nirav Modi: Minister
5 days, 17 hours ago

ED restores Rs 22,000 crore of assets from Vijay Mallya, Nirav Modi: Minister

India Today  

Union Finance Minister Nirmala Sitharaman on Tuesday revealed that the Enforcement Directorate has successfully restored assets worth Rs 22,280 crore to victims and rightful claimants, asserting the government's relentless commitment to combating economic offenders. The Finance Minister pointed out that among the major cases, the ED has recovered properties valued at Rs 14,131.6 crore belonging to fugitive businessman Vijay Mallya, …

Finance Money Cases Assets Crore Sitharaman
CBDT launches campaign to intimate taxpayers on mismatch in ITR filed and AIS
5 days, 21 hours ago

CBDT launches campaign to intimate taxpayers on mismatch in ITR filed and AIS

The Hindu  

The income tax department on Tuesday said it is sending SMS and emails to taxpayers and non-filers where it has identified mismatch between transactions reported in Annual Information Statement and income disclosed in ITRs for the financial years 2023-24 and 2021-22. In a statement, the Central Board of Direct Taxes said it has launched an electronic campaign to assist taxpayers …

Information Campaign Income Reported Itr This Campaign Cbdt
Trump backs idea to make the Postal Service — which is included in the Constitution — private
5 days, 23 hours ago

Trump backs idea to make the Postal Service — which is included in the Constitution — private

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Privatization also would lead to price-gouging by private companies.” open image in gallery Cuts …

Constitution Congress Trump Office Private Companies Service Republican
Attention taxpayers: CBDT issues alerts to taxpayers on mismatch in ITR, information statement
6 days, 17 hours ago

Attention taxpayers: CBDT issues alerts to taxpayers on mismatch in ITR, information statement

India TV News  

The income tax department said it is issuing alerts to taxpayers and non-filers where it has identified mismatch between transactions reported in Annual Information Statement and income disclosed in ITRs for the financial years 2023-24 and 2021-22. The Central Board of Direct Taxes in a statement said it has launched an electronic campaign to assist taxpayers in resolving mismatches between …

Information Income Reported Itr This Campaign Cbdt Taxpayers
Karnataka passes amendment bill to tighten property tax compliance in Bengaluru
Trending News
6 days, 17 hours ago

Karnataka passes amendment bill to tighten property tax compliance in Bengaluru

India Today  

The Karnataka Legislative Assembly on Monday passed the Bruhat Bengaluru Mahanagara Palike Second Amendment Bill, aimed at tightening measures against property tax defaulters in the city. "A deadline of November 30 was set for property tax defaulters within the BBMP jurisdiction to clear their dues under the One-Time Settlement scheme. However, he cautioned against future hikes in property tax, emphasising …

Bengaluru Tax Property Property Tax Bill
Income Tax Department admits error of sending wrong ITR notices. Check details
6 days, 17 hours ago

Income Tax Department admits error of sending wrong ITR notices. Check details

India Today  

In an unexpected move, the Income Tax Department has acknowledged its error in sending defective ITR notices to taxpayers who had correctly filed their returns. On November 29, 2024, the tax department issued notices citing defective ITRs under Section 44AD, claiming discrepancies in turnover limits and missing financial documents. However, on December 5, 2024, the department clarified the mistake, stating, …

Tax Notices Itr Rs 2 Crore Section 44Ad Revised Itrs