Search For "income tax"
They don't want Dalits to do better: Mayawati's caste card over raids on b
Updated : 6 years, 11 months ago IST
Lucknow (Uttar Pradesh) [India], July 19 (ANI): Infuriated over the Income Tax Department's action against her brother and BSP vice president Anand Kumar, party chief Mayawati on Friday dubbed the RSS and BJP as casteist organizations, alleging that they do not want people from Dalit and
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FM seeks to allay fears on surcharge on super rich
Updated : 6 years, 11 months ago IST
New Delhi [India], July 18 (ANI): Indicating no roll back of the income tax surcharge on the super-rich imposed in the budget, Finance Minister Nirmala Sitharaman on Thursday ruled out any adverse impact of it on investor confidence and said the fears of flight of capital are unfounded.
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IT Dept attaches 7 acre Noida land of BSP chief's brother
Updated : 6 years, 11 months ago IST
Lucknow (Uttar Pradesh) [India], July 18 (ANI): The Income Tax Department has attached seven acres of land in Noida belonging to BSP Vice President Anand Kumar, who is also the brother of party chief Mayawati, and his wife Vichiter Lata in a high-value properties case.
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No changes made in Income Tax Return forms: CBDT
Updated : 6 years, 11 months ago IST
New Delhi (India), July 16 (ANI): The Central Board of Direct Taxes (CBDT) on Tuesday said that no changes have been made in any of the Income Tax Return (ITR) forms.
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Panagariya disapproves Budget proposal to tax super-rich, bats for wealth
Updated : 6 years, 11 months ago IST
New Delhi [India], July 16 (ANI): Former Vice Chairman of Niti Aayog Arvind Panagariya on Tuesday said that India must encourage wealth creation by lowering income tax rates and surcharge if it aspires to become a five trillion dollar economy in the next five years.
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High court asks govt to reply on tax deduction on compensation in MACT cas
Updated : 6 years, 12 months ago IST
New Delhi [India], July 12 (ANI): The Delhi High Court on Friday sought response from the Centre on a plea seeking seting aside of its June 26 order which mandates deduction of tax on the interest accrued on compensation granted by a Motor Accident Claims Tribunal (MACT).
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IT raids were secondary, clarifies My Home Group
Updated : 7 years ago IST
Hyderabad (Telangana) [India], July 7 (ANI): Following Income Tax raids at business tycoon Rameshwar Rao Jupally's house and office, earlier this week, the construction firm My Home Group has stated that the searches were "secondary" and consequential to a search conducted on a Bengaluru-bas
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Govt working as an accountant for every taxpayer: CBDT Chairman
Updated : 7 years ago IST
New Delhi [India], July 6 (ANI): Pre-filled income tax returns will leverage technology, encourage compliance and make the process of filing declaration less cumbersome for a common person, the Central Board of Direct Taxes (CBDT) said on Saturday.
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Govt has sought lowering of GST on electric vehicles from 12pc to 5pc, say
Updated : 7 years ago IST
New Delhi [India], July 5 (ANI): Finance Minister Nirmala Sitharaman on Friday said the inclusion of solar stage batteries and charging infrastructure will boost production of electric vehicles and their faster adoption by customers in the country.
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Addtional income tax rebate for purchasing electric vehicles: Sitharaman
Updated : 7 years ago IST
New Delhi [India], July 5 (ANI): Finance Minister Nirmala Sitharaman said on Friday that India can become a global hub of manufacturing electric vehicles and announced a series of sops including likely reduction in GST rate and additional income tax rebate of up to Rs 1.5 lakh.
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Compensation for disability with tax exemption has led to rise in personne
Updated : 7 years ago IST
New Delhi [India], July 2 (ANI): Responding to the controversy over taxing of disability pension, Indian Army on Tuesday said that broad-banding and compensation awarded for disability with income tax exemption has led to a rise in personnel seeking disability, even for lifestyle diseases.
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SC dismisses contempt petitions against former, present revenue secretarie
Updated : 7 years ago IST
New Delhi [India], July 2 (ANI): The Supreme Court has dismissed the contempt petitions of former Income Tax commissioner SK Srivastava against former revenue secretary Hasmukh Adhia and current revenue secretary AB Pandey.
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