Friday, 18 January, 2019

Topic: Income Tax

Borosil's range of insulated bottles | Facebook

Want ‘Make in India’ only — Ahmedabad taxman rants against Chinese water bottles

An Income Tax official shot off a letter to the administration department, calling China ‘exploitative’ & ‘narcissistic’, and asking for Indian-made bottles.
A man holds a Rs 2000 banknote | Dhiraj Singh/Bloomberg

45% increase in e-filing by taxpayers who earn less than Rs 10 lakh a year

The sharp increase in tax filers in the lower income slabs can be mainly attributed to government’s decision to start penalising late filers.
Startups

Angel tax makes a comeback, tax department defends notices to start-ups

Start-ups are in the process of making a representation to the government over notices from the Income Tax department.
Representational image

Govt orders restructuring of income tax dept & review of fresh cadre

The Central Board of Direct Taxes ordered creation of a panel of senior officials to accomplish the task within the next three months.
Representational image | Arijit Sen/Hindustan Times via Getty Images

What happens in an income tax raid in India

There is no separate operation called an income tax ‘raid’. It’s a blanket term to cover searches and seizures.
Officers of Indian Revenue Service with PM Modi & Arun Jaitley | Facebook/IRS

Income-Tax department needs to stop thinking that it is the ‘real’ IRS

A rupee collected by indirect tax officers has as much worth to the nation’s well-being as a rupee collected by direct tax officers.
File photo of Imran Khan in Islamabad | AAMIR QURESHI/AFP/Getty Images

Pakistan’s Imran Khan problem, and income tax candy from Congress

A selection of the best news reports, analysis and opinions published by ThePrint in the last 24 hours.
Officers of Indian Revenue Service with PM Modi & Arun Jaitley | Facebook/IRS

We are the real IRS, don’t call us ‘I-T’, say India’s taxmen

IRS Association, largely comprising officers from the I-T dept, has written to the CBDT that they be referred to as IRS and not as IRS(I-T).
Vedanta Ltd.

Cairn loses $216 million Vedanta stake as Indian tax row deepens

According to Bombay Stock Exchange, Cairn held about 5 per cent stake in Vedanta as of December 31.
File photo of BCCI headquarters in Mumbai

In a first, cash-rich Indian cricket board furnishes its tax details under RTI Act

Move seen as a major step towards transparency given BCCI, for a long time, has been resisting attempts to bring itself under RTI.
hiren gohain

Does sedition law apply to JNU & Assam cases or is it being used as tool to stifle dissent?

Ten JNU students, including Kanhaiya Kumar, Umar Khalid and Anirban Bhattacharya have been charge-sheeted under the sedition law for raising ‘anti-India’ slogan...