Home » Income-Tax Act

You Searched For "Income-Tax Act"

Block Assessment for Undisclosed Income Only

Block Assessment for Undisclosed Income Only

This move of the government reflects a paradigm shift where the main objective of a search or requisition is to identify...

25 March 2025 5:18 PM

If you are under the age of 60, heres a check list to help you plan your money decisions to create wealth, insure adequately, and save tax in 2018-19.

Panel to overhaul, simplify Direct Tax laws to submit report by Feb 28

Currently, income up to Rs 2.5 lakh per annum is exempt from tax for individuals.

27 Nov 2018 5:26 AM

Income Tax department

Income Tax Dept sends second notice to Deepak Kochhar

The department sent the notice seeking an explanation from Deepak Kochhar on his personal income.

30 April 2018 9:15 AM

The state is planning to set up six start-ups villages with modern technologies.

Startups with up to Rs 10 crore investment to get tax concession

Several startups have raised concerns to taxation of angel funds under Section 56 of the Income Tax Act.

12 April 2018 10:07 AM

I firmly believe that such children need to be looked after by the government as they have no other means to live so that they are able to lead a life of dignity, Maneka Gandhi said. (Photo: PTI)

Assets gifted to wives shouldn't be taxed, seeks changes in I-T Act:...

Provision to tax gifted assets was made under the assumption that wives, daughter-in-law would normally not have...

10 July 2018 10:35 AM

The latest order said the deadline for the PAN-Aadhaar linking for filing I-T returns was being extended after consideration of the matter. (Photo: AFP | Representational)

Deadline for linking PAN to Aadhaar extended till March 2019, says...

This is the fifth time the government has extended the deadline for individuals to link their PAN to their biometric ID...

1 July 2018 2:39 AM

Startups have also appealed that the government should also consider eliminating Minimum Alternate Tax for startups, which are DIPP certified.

Govt eases process for startups to seek tax exemption on angel fund...

Startups will have to provide account details and return of income for last three years.

16 Jan 2019 11:51 AM

The Supreme Court is scheduled to hear the National Herald case on January 8.

CBDT pulls out circular to avoid its use in Herald case

Circular spelt big relief in cases where fresh capital has been issued to a company.

7 Jan 2019 5:07 AM

Further, the Aadhaar law introduced in Parliament as a money bill is a fraud on the Constitution.

Link your PAN with bank for refunds: I-T to taxpayers

The department said refunds will be sent to bank accounts as it will issue only e-refunds from March 1, 2019.

28 Feb 2019 5:56 AM

Under FATCA income tax department received data for calendar year 2016 from 39 countries covering nearly 1.2 lakhs persons. (Photo: ANI)

Must know facts before you take a joint loan

Taking a joint home loan with a lady co-borrower like your own wife, mother or sister can fetch alluring concessional...

27 Feb 2019 12:41 PM

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

Panel to overhaul direct tax law seeks 3 months extension

The panel was initially supposed to submit its report to the government, within 6 months, by May 22, 2018.

27 Feb 2019 10:22 AM

Normally, the deadline to file your income tax returns is July 31 every year. This year, as it often does, the government extended the deadline to August 31.

Six steps to plan for taxes after retirement

Before retirement it's essential for you to plan your taxes, investments, and returns.

27 Feb 2019 7:47 AM