income tax

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

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

Bhopal: CCTV footage to reveal high profile visitors at Ashwini’s place

Bhopal: CCTV footage to reveal high profile visitors at Ashwini’s place

Income Tax officials besides conducting raids at Platinum Plaza residence of Ashwini Sharma and Prateek Joshi also took away the CCTV foo...Read More

Bhopal: ‘In what capacity info on raids are being released’

I am not able to understand at what capacity the CBDT, Income Tax, CBI and others are releasing the information on raids and this is bein...Read More

Cash is the king in elections

Cash is the king in elections

It is not clear whether the Income Tax and Enforcement Directorate (ED) raids on the close aides of Madhya Pradesh Chief Minister Kamal N...Read More

Beware: ‘Inside’ will reveal your inside info

Beware: ‘Inside’ will reveal your inside info

Income tax payers and pan card holders, take care.  The new financial year will bring trouble for income tax payers and pan card holders ...Read More

Income Tax denies Karnataka CM HD Kumaraswamy’s charges on raids

Bengaluru: The Income-Tax Department on Thursday refuted Karnataka Chief Minister H.D. Kumaraswamy’s charges of “revenge politics” and sa...Read More

Indore: I-T dept seizes hawala documents from three cities

Indore: I-T dept seizes hawala documents from three cities

The investigation wing of income tax department seized large number of incriminating documents from Indore, Surat and Ahmadabad ending th...Read More

Mumbai: I-T will be watching all money trails

Mumbai: I-T will be watching all money trails

Mumbai: Learning from their past mistakes, the Income Tax  (I-T) sleuths will now be watching all monetary transactions and trails during...Read More

Rs 1.64 crore cash, Mont Blanc pens worth Rs 50 lakh recovered in Income Tax raids on Mayawati’s ex-aide: officials

New Delhi/Lucknow: Cash worth over Rs 1.64 crore, Mont Blanc pens of Rs 50 lakh, four luxury SUVs and documents indicating benami assets ...Read More

Inodre:Ajay Kumar Chouhan is PCC I-T of MP-CG

Inodre:Ajay Kumar Chouhan is PCC I-T of MP-CG

Indore: Ajay Kumar Chouhan, an officer of Indian Revenue Service 1984 batch, has been appointed as Principal Chief Commissioner of Income...Read More

Indore: I-T unearths doc-hosp nexus, 51 leading medicos earned crores

Indore: I-T unearths doc-hosp nexus, 51 leading medicos earned crores

Indore: The Income-Tax Depar-tment has busted the nexus between more than 50 leading doctors of the city and Shakuntala Devi Hospital. Th...Read More

Income tax exemption limit on gratuity doubled to Rs 20 lakh, says labour ministry

New Delhi: The labour ministry said Thursday that the income tax exemption limit on gratuity has been doubled to Rs 20 lakh from the exis...Read More

IT chief Mahendra Singh turns author, starts travelogue

IT chief Mahendra Singh turns author, starts travelogue

Mumbai: A city-based Income Tax chief commissioner Mahendra Singh, a member of the Indian Revenue Services and an avid wildlife and trave...Read More

Hurray! Government turns ‘Angel’ for Startups, know the exact impact of tax changes

Hurray! Government turns ‘Angel’ for Startups, know the exact impact of tax changes

Mumbai: The government yesterday gave the much-awaited boost to the startup ecosystem generously. Major amendment was made to increase th...Read More

Ujjain: I-T survey at 4 business establishments, crores of rupees’ tax evasion unearthed

Ujjain: Income Tax (I-T) sleuths on Tuesday conducted survey at three jewellers and a readymade garments shop. Tax evasion to the tune of...Read More

Startups finally relieved after newer angel tax norms

Startups finally relieved after newer angel tax norms

New Delhi: Giving a major relief to startups, the government has decided to relax angel tax norms for startups, including increasing the ...Read More