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Wednesday, November 6, 2024
TopicIncome Tax

Topic: Income Tax

Owaisi just challenged Modi to scrap Hindu Undivided Family. What it is & how it helps save on taxes

Responding to PM Modi’s comments on Uniform Civil Code, Owaisi said HUFs provide tax relief to Hindus. But it has significant downsides, such as being prone to family squabbles.

Budget 2023: An election-year bonus for the super-rich. No, Modi govt hasn’t lost it

See the political messaging in this budget. It is an uncluttered continuation from last year and is a statement of confidence, bordering on overconfidence.

‘Hum do, Humare do,’ Shatrughan Sinha’s dig at Modi govt’s new income tax regime

The TMC leader alleged that the Union Budget 2023 presented in Parliament Wednesday has nothing special for the middle class.

13 % increase in India’s defense budget is not enough to afford its military needs

ThePrint view on the most important issues.

Budget 2023: Income tax reduced — new exemption limit Rs 3 lakh, tax rebate up to Rs 7 lakh

Finance Minister Nirmala Sitharaman presented this government’s final full-fledged Budget in Parliament Wednesday.

Indian taxpayers are ‘dragged’ into paying higher income tax. Govt must factor in inflation

Inflation does not affect everyone equally and the taxpayer with the lowest income is most adversely affected under the new tax regime.

Taxing farmers’ income is ‘necessary’, says Chairman of PM’s Economic Advisory Council

In an article, Bibek Debroy says that taxing farmers’ incomes should be the states’ responsibility and the reason it is not already done is due to political clout of large farmers.

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.

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.