income-tax

IT Dept rejects claims that PM Modi misled people with 'only 1.5 crore Indians pay income tax' comment

IT Dept rejects claims that PM Modi misled people with 'only 1.5 crore Indians pay income tax' comment

The Prime Minister recently said that only 2,200 people in India had declared earnings of Rs one crore per annum.

Budget 2020: How much will you lose if you opt out of your old Income Tax Regime?

Budget 2020: How much will you lose if you opt out of your old Income Tax Regime?

In a relief to taxpayers, Finance Minister Nirmala Sitharaman has proposed to cut income tax rates and change slabs to lower tax incidenc...Read More

Good news for Taxpayers: Nirmala Sitharaman announces reduction in Income Tax slabs in Budget 2020

Good news for Taxpayers: Nirmala Sitharaman announces reduction in Income Tax slabs in Budget 2020

On Friday, Finance Minister Nirmala Sitharaman proposed to lower personal direct tax in today's budget speech."In order to provide signif...Read More

Beware - people who haven't shared PAN, Aadhaar details with employers may have to pay 20% income tax

Beware - people who haven't shared PAN, Aadhaar details with employers may have to pay 20% income tax

According to a circular released by the Central Board of Direct Taxes, it is mandatory for employees to provide PAN or Aadhaar numbers if...Read More

Honey trap: SIT, I-T enter into tug-of-war

Honey trap: SIT, I-T enter into tug-of-war

I-T wants to tighten noose around those who were involved in the case

Honey-Trap expose: I-T officials get names of officials

Honey-Trap expose: I-T officials get names of officials

ED to follow money trail.

Indore: Real estate player Empire Group in I-T net

Indore: Real estate player Empire Group in I-T net

Search ops continue in Indore, Mumbai, Delhi, Kolkata and Bengaluru

Worried about tax department's new Income Tax Return Forms? Here's what you need to know

Worried about tax department's new Income Tax Return Forms? Here's what you need to know

The CBDT would normally issue new ITR forms only when the Financial Year gets over. However, this year, it has issued it before time.

MDFA League: Henderson Dias strikes for IT

MDFA League: Henderson Dias strikes for IT

Mumbai: Income Tax (IT) produced another impressive performance and snatched a tight 1-0 win against Western Railway SA in an Elite Divis...Read More

Honey Trap Case: I-T set to tighten its noose around Meena for giving Rs20L

Honey Trap Case: I-T set to tighten its noose around Meena for giving Rs20L

BJP, Congress go into silence even after putting up of challan.

No impact of economic slowdown on Income Tax: AK Chauhan, Principal Chief Commissioner

No impact of economic slowdown on Income Tax: AK Chauhan, Principal Chief Commissioner

He was speaking at the inaugural function of three-day International Conference on Precision, Meso, Micro and Nano Engineering (COPEN-11...Read More

‘Income tax rate cut under consideration’

‘Income tax rate cut under consideration’

New Delhi: Finance Minister Nirmala Sitharaman on Saturday said the government is working on more steps, including rationalisation of per...Read More

I-T dept conducts searches at 39 locations to check 'tax evasion' by BSE brokers, traders

I-T dept conducts searches at 39 locations to check 'tax evasion' by BSE brokers, traders

New Delhi/Mumbai: The income-tax (I-T) department has conducted searches at 39 locations to check alleged tax evasion by brokers and trad...Read More

Budget 2020: FinMin seeks suggestions for rationalising income tax, other duties

Budget 2020: FinMin seeks suggestions for rationalising income tax, other duties

Finance Minister Nirmala Sitharaman, who had to announce additional measures to stimulate a slowing economy

I will receive a lump sum of Rs 25 lakh. Where should I invest it to save income tax?

I will receive a lump sum of Rs 25 lakh. Where should I invest it to save income tax?

Any investment you make should be based on your investment profile, and that includes your current income, expenditures, risk profile, an...Read More

Mumbai: Ahead of poll, Rs 4 cr unaccounted cash seized in city so far

Mumbai: Ahead of poll, Rs 4 cr unaccounted cash seized in city so far

Mumbai: The income tax (IT) department has so far seized Rs 4 crore of unaccounted cash in Mumbai ahead of the state legislative assembly...Read More

Government planning change personal income tax slabs to increase spending: Report

Government planning change personal income tax slabs to increase spending: Report

After extending relief to traders, investors, and SMEs by reducing corporate tax, but it is yet to provide relief to the middle class, wa...Read More

Income tax is the most unbalanced tax in our country: Subramanian Swamy

Income tax is the most unbalanced tax in our country: Subramanian Swamy

Mumbai: There is a need to abolish taxes to boost savings and investments in the country, said Union Minister Subramanian Swamy at the Wo...Read More

Mumbai: Break-in reported in of the offices at Aayakar Bhavan

Mumbai: Break-in reported in of the offices at Aayakar Bhavan

A break-in has allegedly taken place in one of the offices at Aayakar Bhavan in Mumbai. A leading daily's report states that the break-in...Read More

How to address your income tax queries and issues online

How to address your income tax queries and issues online

Tax payers can Now, submit income-tax related queries in an online form and get your grievances redressed

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