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Wednesday, April 24, 2024
TopicIncome Tax

Topic: Income Tax

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.

How to pay zero tax on income of upto Rs 10 lakh, thanks to Piyush Goyal’s budget

After today’s interim budget announcement, a person earning upto Rs 10 lakh can pay zero income tax with smart financial management.

Finance minister Piyush Goyal proposes to increase TDS on rent income to Rs 2.4 lakh

While presenting this year's budget, Piyush Goyal further proposed to exempt tax on notional rent for unsold units for two years.

Income Tax department reverses order that would’ve cleared Gandhis in National Herald case

Within three weeks, I-T department reverses circular after BJP MP Subramanian Swamy, among others, raises objections.

Want ‘Make in India’ only — Ahmedabad taxman rants against Chinese water bottles

An Income Tax official shot off a letter to the administration department, calling China ‘exploitative’ & ‘narcissistic’, and asking for Indian-made bottles.

45% increase in e-filing by taxpayers who earn less than Rs 10 lakh a year

The sharp increase in tax filers in the lower income slabs can be mainly attributed to government’s decision to start penalising late filers.

Angel tax makes a comeback, tax department defends notices to start-ups

Start-ups are in the process of making a representation to the government over notices from the Income Tax department.

Govt orders restructuring of income tax dept & review of fresh cadre

The Central Board of Direct Taxes ordered creation of a panel of senior officials to accomplish the task within the next three months.

On Camera

Imtiaz Ali obsesses over vulgarity, misses Chamkila’s cultural resistance against purity

Peter Manuel's ‘Cassette Culture’ showed the booming Bhakti music during the '80s and '90s when Anoop Jalota, Gulshan Kumar achieved success by singing the sanitised Bhajans.

Economists vs statisticians — the battle being fought over the soul of India’s GDP data

Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.

India and Japan hold 10th round of consultations on disarmament, non-proliferation, and export control

The two sides also discussed ways to strengthen cooperation in outer space security, conventional weapons, and export control

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.