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Latest Articles in income tax
Govt Revokes Foreign Funding Licence Of Centre For Policy Research
As part of an investigation into foreign funding, the Income Tax department “surveyed” the records of CPR, the NGO Oxfam India, and the Bengaluru-based Independent and Public-Spired Media Foundation in September
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BBC Says "Fully Cooperating" With IT Officials Survey At Its Delhi, Mumbai Offices
It is learnt that the tax officials are conducting verification of certain account documents in the finance department of the BBC offices
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Demonetisation Led To Detection Of Black Money, Increase In Tax Collection: Mos Pankaj Chaudhary
Under PMLA, investigations have been taken up in 8 cases wherein 107 persons were found involved in any process of generation, acquisition and/or projection of unaccounted money. In these cases, proceeds of crime amounting to Rs 191.68 crore have been attached / seized and 5 accused have been arrested, he said
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Income Tax Rebate Limit Increased, No Tax On Income Up To Rs 7 Lakh
The average processing time for income tax returns has been reduced from 93 days to 16 days
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Budget 2023: Centre Likely To Introduce New Income Tax Slab
Adding more slabs to make the income range in each slab narrower is one of the numerous suggestions being looked at
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Disrupt and Innovate: The National Budget
In order to revive the economy, inducing liquidity by reducing TDS/TCS liability may not be useful. Abolition of personal taxes is the need of the hour as it will leave more cash in the hand of the individuals which boosts their purchasing power
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No Grant For Tax Extension, Says Revenue Secretary
It is estimated that over 56 million ITRs have been filed as of 8 pm on 31 July
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British PM Candidate Sunak Vows 20% Income Tax Cut By 2029
Rishi Sunak, trailing in the race to become Britain's next prime minister, has vowed to slash the basic rate of income tax by 20 per cent by 2029 in a potentially make-or-break throw of the dice by the former finance minister
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Prompt Grievance Redressal Of Taxpayers Top Priority: CBDT Chairman Nitin Gupta
In his message on the occasion of Income Tax Day, he said the tax department has reported the highest ever tax collection of Rs 14.09 lakh crore in the fiscal year ended March 31, 2022
Read More54% Left For Filing ITR, 34% Finds Difficulty In Paying Before Deadline, Says Survey
More than 50 per cent of people are due to file their ITRs by 31 July, according to a LocalCircle report
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Govt Notifies ITR Forms For 2021-22; Seeks Details On Overseas Pension A/C
ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) forms cater to small and medium taxpayers
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I-T Dept Reforms, Stronger Economy Led To Record Tax Collections: CBDT
Reforms undertaken within the Income Tax department and the "strengthening" of the economy are among the major factors that led to the highest-ever direct tax collections, CBDT Chairman said
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Tarun Bajaj Proposes Govt To Abolish Old Tax Regime
Tarun Bajaj has made proposal of removing old tax regime with the aim of encouraging taxpayers to adopt the new system of income tax
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Tax To Be Imposed On PF Accounts From 1st April; New PF Rules For Working Class
Small and middle class taxpayers will not be affected by the new rule of EPFO.
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No Change In Income Tax Slab: FM Sithatran
The government has provided taxpayers with an opportunity to file an updated tax return to report any income that was erroneously missed out or to correct errors in much-awaited tax reform.
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