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Wednesday, November 6, 2024
TopicIncome Tax

Topic: Income Tax

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).

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.

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.

Become a black money informant, take home up to Rs 5 crore, says Income Tax department

The new scheme hopes to encourage informants to spill the beans about undisclosed assets, both in India and abroad.

Middle of Nowhere Class: When just 2.56% pay 100% of India’s income tax & govt wants more

Governments treat the middle classes rudely and squeeze taxes out of them as they are the usual suspects – without lobbies or electoral power.

On Camera

What Trump-Harris result could mean for India in key areas, from geopolitics to trade & immigration

India cannot be blasé about change in any important capital in the world. Let's look at five key areas where US policy matters for India and how it may vary between Harris and Trump.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Rifles slung upside down, on ponies. Indian troops go on their 1st patrol in Depsang since 2020

Troops patrolled up to Patrolling Point (PP) 10 on Monday. Though there are PP 10, 11, 12, 12A & 13 in Depsang Plains, it was decided that only one or two PPs would be patrolled.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.