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.
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.
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.
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.
It was widely expected that Sitharaman would announce higher deductions under Section 80C of the Income Tax Act. However, no such move was forthcoming.
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.
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.
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.
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.
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.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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