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Friday, September 12, 2025
TopicTax returns

Topic: Tax returns

Incomes of Indians were shrinking even before Covid, pandemic will only make it worse

Tax returns filed by those earning above Rs 50 lakh has seen a contraction of nearly 21%. Those earning between Rs 20 lakh-Rs 50 lakh saw an 8% fall.

Modi govt tightening screw on IT dept a small win for taxpayer

In Budget 2021, the proposed changes to the Income Tax Act 1961 for tax collection are a welcome move.

Sitharaman promises economic package ‘soon’, but eases norms for businesses and taxpayers

Firms get relief on tax returns, company law compliance, and triggering of insolvency proceedings. Regulators are monitoring the markets and economy, assures the FM.

Indian govt can make taxes look good – by taxing bad behaviour, like honking

We can tax other bads too. Like air pollution, water pollution, parking on public roads and so on. We could call it the Bads and Disservices Tax.

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.

Attempt made to colour my tax returns as bogus, says media baron Raghav Bahl

Raghav Bahl says I-T officials seemed disappointed at being told that every piece of information, including details of his London flat, has been duly declared.

Bitcoin uses healthy paranoia & not threat of violence to maintain online security

Despite the potential for abuse, no case of outsize influence has been reported in the decentralised Bitcoin network.

On Camera

The key difference between India and China’s response to Gen-Z protests in Nepal

China is desperate to keep Communist Nepal ally intact. India must worry.

What’s behind bond yields’ logic-defying spike? The market’s concern over the future

While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.

Navy gets first Tata-made Spanish 3D surveillance radar for its warships, 19 more to come

It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.

Punjab is fast becoming the new Northeast. And there’s a message in it for Modi

In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?