Saturday, May 28, 2022 | Last Update : 04:48 AM IST

income tax Page-6

Direct tax collection rises 19.5 per cent in February

The growth rate for net corporate tax collections stood at 19.7 per cent while for personal income tax is 18.6 per cent.

09 Mar 2018 12:31 AM

Direct tax collection rises 19.5 pc to Rs 7.44 lakh cr in April-Feb

Net direct tax collection represents 74.3 pc of Rs 10.05 lakh cr as per revised estimates given in Union Budget 2018-19.

08 Mar 2018 4:57 PM

It was Captain who started I-T sops for MLAs

Chief minister Amarinder Singh's decision to cut down expenses is in view of the financial constraints of the state.

10 Feb 2018 3:20 AM

CBDT responds to queries regarding long-term capital gains taxation

Long-term capital gains arising from transfer of such long-term capital asset exceeding one lakh rupees will be taxed.

05 Feb 2018 10:50 AM

Small taxpayer got relief in past budgets, says Jaitley

Government made taxation simple for those having income up to Rs 50 lakh.

02 Feb 2018 2:03 PM


Budget 2018: Relief for the salaried, standard deduction back of Rs 40k

There were hopes ahead of Budget that Finance Minister Arun Jaitley would make the middle class happy.

01 Feb 2018 10:54 AM

India wants Budget to focus on rural sector, says survey

Around 25 per cent of the respondents were in favour of reducing the peak income tax rate to 25 per cent from 30 per cent.

01 Feb 2018 7:07 AM

Farmhouse shows no farm income: IT

This is one of the alleged crucial evidence apart from property documents as the piece of land was bought for agriculture.

01 Feb 2018 3:47 AM

Increase tax exemption limit to Rs 3 lakh, says SBI report

Govt has periodically increased the income tax slabs from Rs 22,000 in 1990-91 to Rs 2.5 lakh in 2014-15.

23 Jan 2018 12:34 PM

Benami items worth Rs 3,500 crore attached: I-T

In yet another case, a cash amount of Rs 1.11 crore was intercepted from a vehicle with a person who denied the ownership of this cash.

12 Jan 2018 2:19 AM


Taxman alert: Keep away from benami transactions

Tax department attached benami assets worth Rs 1,833 crore across country from Nov 1, 2016 to Oct 2017.

10 Jan 2018 1:39 PM

Direct tax collections rise 18.2 per cent in April-December

Net direct tax collections represent 67 per cent of total Budget Estimates of direct taxes for FY 2017-18.

09 Jan 2018 12:05 PM

I-T officials retrieve over Rs 50 crore from UP irrigation dept engineer

I-T Officials raided 22 locations in 7 cities to also recover cash and jewellery worth Rs 2.5 crore.

11 Nov 2017 6:32 PM

Raids aimed at finishing me, says TTV Dhinakaran

Dhinakaran sought to know why his party leaders were being search and questioned.

10 Nov 2017 1:46 AM

Direct tax revenue grows 17.5 pc to Rs 2.24 lakh cr in Apr-Aug

The government estimates to collect Rs 9.80 lakh crore from direct taxes in the current fiscal.

11 Sep 2017 7:44 PM


Aadhaar-PAN linking deadline extended by 4 months till Dec 31

Earlier, govt had allowed linking of both documents up to August 31 with a relaxation in tax filing deadline.

31 Aug 2017 5:30 PM

Retain tax exemption limit at Rs 2.5 lakh: Niti tells Govt

Think tank's 'Three Year Action Agenda' asks govt to address issue of corruption among tax officials.

26 Aug 2017 6:28 PM

CBDT open to lowering withholding tax for foreign firms

CBDT Chairman Sushil Chandra also urged firms and MNCs operating in India to pay their due share of taxes.

23 Aug 2017 2:16 PM

Check whether your Aadhaar was also deactivated

So far, govt has issued over 111 crore Aadhaar cards and hopes to issue them to remaining population soon.

14 Aug 2017 3:42 PM

Do you know you can file 'Belated Return' under I-T Act?

Income Tax Act, 1961 defines different types of taxes and their last dates under various sections.

07 Aug 2017 3:17 PM