Thursday, 6 October, 2022
TopicIncome Tax

Topic: Income Tax

IT department seizes cash & jewellery worth Rs 70 crore during raids in Maharashtra’s Jalna

The raids were launched last week on the business entity engaged in steel and real estate after actionable inputs of alleged tax evasion were received against it, officials said.

You won’t believe these ways to save tax

Tax is an important deduction that happens from our income. Hence it is crucial to save tax using the right instruments so that we save more. Read this to know about the best tax saving plans.

I-T recovers Rs 5 crore from ex-IPS officer’s home, he claims it’s from his locker business

Former UP-cadre officer Ram Narayan Singh runs Manasam Noida Vaults from basement of his home. I-T officials suspect some lockers may be benami, stashed with unaccounted for cash.

No changes in tax slabs, deductions — FM Sitharaman gives middle class a skip in Budget 2022

It was widely expected that Sitharaman would announce higher deductions under Section 80C of the Income Tax Act. However, no such move was forthcoming.

Income tax refunds worth Rs 92,961 crore issued to 63.23 lakh taxpayers in 2021-22

The figure includes income tax refunds of Rs 23,026 crore in 61,53,231 cases and corporate tax refunds of Rs 69,934 crore in 1,69,355 cases, an official Twitter post said.

I-T ‘survey’ of NewsClick, Newslaundry shows ‘dangerous trend’ of govt harassing media: EGI

Read the full statement issued by the Editors Guild of India against the income tax department's 'surveys' conducted Friday at NewsClick, Newslaundry offices in New Delhi.

IT department ‘surveys’ offices of media portals NewsClick, Newslaundry in Delhi

The IT department said officials are conducting 'survey operations' at business premises of the two portals to verify certain tax payment details and remittances made by them.

Income tax portal’s technical glitches being ‘progressively addressed’, CBDT says

The Central Board of Direct Taxes also said that a positive trend has been observed in the various filings on the portal and Rs 1.19 crore Income Tax Returns have been filed so far.

IT dept asks taxpayers to send online response for pending refunds of AY 2020-21

According to an official statement issued Sunday, 93% of the refund claims, of over Rs 15,269 crore, in ITRs filed for the assessment year 2020-21 have been processed till date.

Nirmala Sitharaman sets 15 September as deadline for Infosys to fix income tax portal glitches

Finance Minister, who met Infosys CEO Salil Parekh, conveyed 'deep disappointment and concern' over the continuing glitches in the new income tax filing portal.

On Camera

YourTurn

Finally, this is a Rahul Gandhi that India can relate to

Bharat Jodo Yatra has shown Indians the real Rahul Gandhi, a leader who walks among his people, and not the caricature created by BJP and TV news media.

Indian refiners scout for oil deals ahead of EU ban on Russian crude imports

European Union ban on Russian crude imports from 5 Dec will drive European refiners to buy more Middle East oil, putting them in competition with Asian buyers.

Defence

File photo of a BrahMos firing by a Su-30 MKI | Credit: IAF

IAF to increase Sukhois armed with BrahMos supersonic cruise missile with over 500km-range

The IAF currently has 40 SU-30 MKI with BrahMos, the only supersonic cruise missile in the world.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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