Home » income tax law

You Searched For "income tax law"

CBDT Chief Sushil Chandra. (Photo: PTI)

Don't misuse I-T laws, tax rates already low: CBDT to industry

In 2018-19 Budget, Jaitley proposed to lower corporate tax rate to 25 pc for businesses with turnover of up to Rs 250...

5 Feb 2018 4:09 PM IST

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 redraft direct tax laws to focus on simplification

The recommendations of the panel is likely to be included in the final budget for 2019-20.

19 Dec 2018 4:32 PM IST

Traders body CAIT demanded scrutiny of the proposed $12-billion Flipkart-Walmart deal.

Tax department to seek share purchase pact from Flipkart

The department currently is going through the Section 9(1) of the Income Tax law, which deals with indirect transfer...

13 May 2018 2:01 PM IST

The Lok Sabha earlier this week passed the Taxation Laws (Second Amendment) Bill, which proposes a steep up to 85 per cent tax and penalty on undisclosed wealth.

Inherited gold, jewellery to be exempt from income tax: govt

No tax on ancestral jewellery, purchase from disclosed income.

1 Dec 2016 4:21 PM IST