by AIP Online Bureau | Jun 11, 2022 | Data, Eco/Invest/Demography, Policy
For FY22, the tax collection is more than Rs 14 lakh crore, which is fairly good compared to the collection for FY20, as per the chairman New Delhi: The number of income tax returns has increased in FY22 over the previous fiscal, Central Board of Direct Taxes Chairman...
by AIP Online Bureau | Mar 20, 2022 | Data, Eco/Invest/Demography, Life, Non-Life, Wealth Management/ Philanthropy
The taxpayers’ profile in India is that more than 92 percent filers are in the 0-Rs 10 lakh gross total income bracket, beyond Rs 10 lakh-Rs 50 lakh is 6-7 percent and from Rs 50 lakh to Rs 5 crore is 0.6-0.7 percent and beyond Rs 5 crore of gross total income...
by AIP Online Bureau | Jan 24, 2022 | Indian News, Life, Policy
The Central Board of Direct Taxes (CBDT), that frames policy for the income tax department, had on January 18 notified the rules stating the method of calculation of capital gains with regard to ULIPs with annual premium of more than Rs 2.5 lakh and subsequently...
