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Wednesday, November 6, 2024
TopicIncome Tax

Topic: Income Tax

Modi wants to bring household savings into financial markets but Budget roadmap isn’t clear

Incentivising informal sector workers to save is good, but creating separate schemes for different groups divides an already fragmented pensions market.

Modi govt planning to raise income tax exemption limit to revive economy

Finance Minister Nirmala Sitharaman is considering raising income tax exemption limit for working-age individuals to Rs 3 lakh from Rs 2 lakh at present.

Rs 95 lakh to Rs 9 crore: SC fines got its legal aid agency 10 times more cash in 2018-19

SC and high courts fine litigants and advocates for frivolous petitions and contempt of court, apart from the penalties handed out as part of judgments.

Demonetisation gain takes a hit as income tax e-returns drop by 6 lakh in 2018-19

The number of returns filed online dropped to 6.68 crore in 2018-19, after the high of 6.74 crore registered post-demonetisation in 2017-18.

Modi govt has reduced recruitment of IRS officers by over 70% since 2014

In 2013, 409 IRS officers were recruited through the UPSC exam. By 2018, the number of posts released by the Modi govt stood at 106.

BJP promise to ease taxes for middle class is sound economics & politics

ThePrint view on the most important issues, instantly.

Indian govt won’t be any different from British if Hindus can’t manage their own temples

A tradition that started with the British wanting to control Indian temples’ riches continues even today.

Final hearing of National Herald case involving Sonia & Rahul to be held on 23 April

Senior advocate Kapil Sibal, appearing for the Gandhis, said that the issue has various aspects which would require considerable time.

Modi govt says it’s within its rights to make tax announcements in interim budget

If govt thinks there's a pressing issue, it's perfectly legitimate to make tax announcements in interim budget, says economic affairs secretary Subhash Garg.

Income Tax refunds being held back so that stiff collection targets are met, allege CAs

Tax collection targets were revised upwards by Rs 50,000 crore in the interim budget, and CAs claim officials are also withholding refunds for previous years.

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.