Tuesday, 29 November, 2022
TopicIncome Tax

Topic: Income Tax

What happens in an income tax raid in India

There is no separate operation called an income tax ‘raid’. It’s a blanket term to cover searches and seizures.

Income-Tax department needs to stop thinking that it is the ‘real’ IRS

A rupee collected by indirect tax officers has as much worth to the nation’s well-being as a rupee collected by direct tax officers.

Pakistan’s Imran Khan problem, and income tax candy from Congress

A selection of the best news reports, analysis and opinions published by ThePrint in the last 24 hours.

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

YourTurn

Former Pakistani Army Chief Qamar Javed Bajwa | ISPR/Twitter

On my last day as Pakistan Army Chief, I leave Asim Munir with bigger problems than my billions

Does Indian Army Chief Gen Pande have no interest in making CPEC, cheese pizza economic corridor? I suggest him this corridor against China. Learn from us.
Representational image of workers at a construction site | ANI

GDP data this week will indicate FY23 outlook. But analysis shows growth still below pre-Covid yrs

Analysis of industrial & consumer data not included in usual ‘high-frequency indicators’ shows although demand seems to have recovered from pandemic, it remains weak.

Defence

Illustration: Soham Sen | The Print

Modi govt moves with Arunachal Frontier Highway, among India’s ‘toughest’ projects yet, China in mind

The 2,000 km-long highway will be of strategic importance to military. Same equipment used on other side of LAC being deployed to carry out work on tough terrain, say officials.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.