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Wednesday, November 6, 2024
TopicIncome Tax

Topic: Income Tax

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

ThePrint Team -
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

PTI -
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

Remya Nair -
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

Mahua Venkatesh -
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

Remya Nair -
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

Remya Nair -
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

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

What happens in an income tax raid in India

Mahua Venkatesh -
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

Kanika Dua -
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

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

What Trump-Harris result could mean for India in key areas, from geopolitics to trade & immigration

Shekhar Gupta -
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.

A Donald Trump presidency threatens Indian economy. Just see his record

Let there be no doubt that scientist Rohini Godbole left us unwillingly

Economy

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

ThePrint Team -
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.

Defence

Rifles slung upside down, on ponies. Indian troops go on their 1st patrol in Depsang since 2020

Snehesh Alex Philip -
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.

National Interest

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

Shekhar Gupta -
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.

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