Home » income tax

You Searched For "income tax"

Any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000.

Central Board of Direct Taxes amends Section 16 of Income Tax Act

The pension received by a taxpayer from his former employer is taxable under the head 'Salaries'.

5 April 2018 2:37 PM IST

The Delhi Court on Wednesday sought the Centres and tax authority CBDTs response on a plea opposing the requirement of quoting Aadhaar number or linking it with PAN in e-filing tax returns.

Plea in Delhi HC against Aadhaar requirement for e-filing returns

The Delhi Court on Wednesday sought the Centre's and tax authority CBDT's response.

4 April 2018 7:13 PM IST

Govt-approved valuers held in diamond racket

Apart from the GJEPC, the income tax department can also be a valuator.

14 July 2018 5:14 AM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Income of spiritual leaders under I-T lens

The venues are booked for the event for several lakhs of rupees and the decoration is also equally expensive.

7 July 2018 1:35 AM IST

Reliance Jio is telecom arm of energy giant Reliance Industries led by richest Indian Mukesh Ambani. (Photo: AFP)

Reliance Industries becomes India's largest tax payer in private...

RIL's consolidated net profit for the fourth-quarter of fiscal 2017-18 stood at Rs 9,435 crore.

5 July 2018 3:47 PM IST

Personal income tax collections amounted to Rs 4.7 lakh crore last year, or 2.5 per cent of GDP.

Govt unlikely to go for income tax cut due to fiscal stress

The share of direct taxes to India's total tax revenues peaked at 61 per cent in 2009-10

30 Oct 2019 6:48 PM IST

The delegation requested Indian High Commissioner to the UK to convey their concerns to Prime Minister Narendra Modi and the chairman of the Joint Parliamentary Committee. (Photo: File)

Winter Session of Parliament from November 18 to December 13

A number of bills are likely to be taken up during the Winter Session.

21 Oct 2019 12:22 PM IST

The undisclosed income covers unaccounted cash receipts of about Rs 409 crore. (Photo: Facebook)

I-T raids find Rs 500 crore unaccounted money from Kalki Bhagwan's...

The searches, which are still in progress, has covered premises in Chennai, Hyderabad, Bangalore.

19 Oct 2019 10:40 AM IST

Investors who have received bonus shares from hundreds of companies over the past few years have been subject to the higher tax outgo.

Tax employee unions irked by PM Modi's switch to faceless assessment:...

The scheme is being implemented in a hurry without considering the concerns of the majority of the stakeholders, said...

15 Oct 2019 12:04 PM IST

Reacting on Gandhis reply in Supreme Court, Defence Minister Nirmala Sitharaman said, His credibility has taken a beating. (Photo: Twitter/ ANI)

Set middle class free, abolish income-tax

Sitharaman needs to resort to innovative political coinage, like pro-middle class , for instance, and take a bold...

14 Oct 2019 6:02 AM IST

Congresss G Parameshwara will be the Karnataka deputy chief minister and will be sworn in tomorrow. (Photo: File)

I-T dept seizes Rs 5 cr cash in raids against former K'taka Dy CM,...

The raids are in connection with a multi-crore tax evasion case linked to the NEET exams, officials said.

11 Oct 2019 10:58 AM IST

Income Tax department conducted raids at several locations linked to him here on Thursday. (Photo: File)

Not aware of raids, ready to rectify if any fault found: Ex-K'taka dy...

Income tax Dept has found irregularities in medical college run by a trust related to Parameshwara.

10 Oct 2019 12:16 PM IST