income tax

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

IT Department sends notice to Ambani family for undisclosed foreign assets

IT Department sends notice to Ambani family for undisclosed foreign assets

Mumbai: The Mumbai unit of the Income Tax Department has issued notices to Reliance Industries chairman, Mukesh Ambani, his wife Nita Amb...Read More

UP ministers will pay income tax after ‘81

UP ministers will pay income tax after ‘81

The direction follows criticism in the media of a law enacted in 1981 which ensures that the state's chief minister and ministers don't p...Read More

E-assessment scheme: All communication between tax department and taxpayers to be done online

E-assessment scheme: All communication between tax department and taxpayers to be done online

The tax department would use data analytics, artificial intelligence, machine learning and other latest tools to ascertain misreporting o...Read More

CBDT notifies creation of special cell for startups

CBDT notifies creation of special cell for startups

An order issued by the Central Board of Direct Taxes (CBDT) said the 'startup cell' will be headed by the member (Income Tax and Computer...Read More

FM introduces 'faceless' scrutiny, addresses tax terror through digital means

FM introduces 'faceless' scrutiny, addresses tax terror through digital means

Starting from Vijaya Dashami in October, no tax official will have to physically visit any individual for tax summons and monitoring.

Indore: 20 file income tax returns in e-filing fair

Indore: 20 file income tax returns in e-filing fair

In one such faire organised at collector office on Wednesday, 20 taxpayers filed income tax returns. The two-day fair began at collector ...Read More

CCD founder VG Siddhartha was little upset regarding Income Tax torture: Srinegri MLA TD Rajegowda

CCD founder VG Siddhartha was little upset regarding Income Tax torture: Srinegri MLA TD Rajegowda

"He worked for the economy of the country as well as Karnataka. He gave jobs to 30-50 thousand people who are from villages and also to t...Read More

Lower 25% tax for firms with Rs 400 crore turnover

Lower 25% tax for firms with Rs 400 crore turnover

Currently, lower corporate tax applies to firms with an annual revenue of up to Rs 250 crore. The move is set to give much-needed relief ...Read More

Expert view -- Madan Sabnavis: Budget doesn’t give or take

Expert view -- Madan Sabnavis: Budget doesn’t give or take

This expectation has been generated on account of the fact that consumption has been growing at a low rate and a tax cut on income would ...Read More

Govt proposes additional income tax deduction of Rs 1.5 lakh on EV loans

Govt proposes additional income tax deduction of Rs 1.5 lakh on EV loans

"Considering our large consumer base, we aim to leapfrog and envision India as a global hub of manufacturing of electric vehicles"

Budget unlikely to up Rs 2.5 lakh income tax exemption limit

Budget unlikely to up Rs 2.5 lakh income tax exemption limit

Those earning Rs 5 lakh per annum will, however, be required to file tax returns even if they have zero tax liability.

I-T dept again defers GST, GAAR reporting in tax audit report

I-T dept again defers GST, GAAR reporting in tax audit report

New Delhi: The income tax department on Tuesday deferred for the second time the requirement for companies to include in their tax audit ...Read More

Tax Liability is that of the Actual Owner

Tax Liability is that of the Actual Owner

Ankit Patel felt good. After having lived in rented apartments for over five years, he and his wife had finally bought their new apartmen...Read More

Digvijay Singh, Randeep Singh Surjewala got cuts from MP loot: GVL Narasimha Rao

Digvijay Singh, Randeep Singh Surjewala got cuts from MP loot: GVL Narasimha Rao

New Delhi: Congress leaders Digvijay Singh and Randeep Singh Surjewala “have received cuts from the loot” that took place in Madhya Prade...Read More

Bhopal: Over 50 cases of corruption in BJP regime under govt radar

Bhopal: Over 50 cases of corruption in BJP regime under govt radar

The state government has found involvement of many BJP leaders in graft cases. The state govt has swung into action after the I-T raids o...Read More

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