Search For "income tax"
Union Budget 2017-18 will boost Direct Selling Industry: IDSA Secretary Ge
Updated : 8 years, 10 months ago IST
New Delhi [India], Feb. 3 (ANI): Indian Direct Selling Association's (IDSA) Secretary General, Amit Chadha lauded Finance Minister Arun Jaitley on the measures proposed in the Union Budget 2017-18 to boost the Direct Selling Industry. According to him, lowering of income tax for smalle
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Income Tax dept sends 13 lakh messages under 'Operation Clean Money&#
Updated : 8 years, 10 months ago IST
New Delhi [India], Feb 2 (ANI): Income tax department (ITD) on Thursday announced its action plan against people who have made 'suspicious' cash deposits following the Narendra Modi-led government's move to demonetise Rs. 500 and Rs. 1,000 notes.
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Not 10 but 5 percent tax for individuals earning between Rs. 2.5 lakh to R
Updated : 8 years, 10 months ago IST
New Delhi [India], Feb.1 (ANI): Giving details of proposals on personal income tax, Finance Minister Arun Jaitley said on Tuesday while presenting his fourth budget, that the existing rate of taxation for individual assesses between income of Rs. 2.5 lakh to Rs. 5 lakh will be reduced to fiv
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Tax for smaller companies with annual turnover of up to Rs. 50 crore reduc
Updated : 8 years, 10 months ago IST
New Delhi [India], Feb.1 (ANI): Presenting the General Budget for 2017-18 in parliament today, Union Minister for Finance and Corporate Affairs Arun Jaitley said income tax for smaller companies with annual turnover of up to Rs. 50 crore would be reduced to 25 percent in order to make MSME c
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Govt. alters tax slabs with 5 pct reduction in income of Rs. 2.5-5 lakh
Updated : 8 years, 10 months ago IST
New Delhi [India], Feb. 1 (ANI): In a sign of relief for the people in the lower brackets of income tax, Finance Minister Arun Jaitley today announced reduction in the existing rate of taxation for individuals with income between 2.5 lakh to five lakh to five percent instead of 10 percent wi
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CII calls for identifying more employment-generating sectors
Updated : 8 years, 10 months ago IST
New Delhi [India], Feb. 1 (ANI): Recapitalisation of banks will ensure more credit, said Chadrajit Banerjee, DG, CII, on Wednesday. After the announcement of the Economic Survey 2016-17 on Tuesday, Banerjee emphasised on the importance of changing personal income tax slabs in the country, as
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Jaitley presents Union Budget despite Oppn protest
Updated : 8 years, 10 months ago IST
New Delhi (India), Feb. 1 (ANI): Finance Minister Arun Jaitley has begun presenting the Union Budget in Parliament today amid expectations of an increase in income tax exemption limits, to incentives for the Micro Small and Medium Enterprises (MSME) sector post the November 8 demonetisation
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Income Tax Department (ITD) launches Operation Clean Money
Updated : 8 years, 10 months ago IST
New Delhi [India], Jan 31 (ANI): Income Tax Department (ITD) initiated Operation Clean Money on Tuesday. The initial phase of the operation involves e-verification of large cash deposits made during 9th November to 30th December 2016 period.
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IT Dept. attaches properties under Benami Property Transactions Act
Updated : 8 years, 10 months ago IST
New Delhi [India], Jan. 31 (ANI): The Income Tax (IT) Department has recently attached properties under Prohibition of Benami Property Transactions Act, 1988, and issued 87 notices out of which 42 properties have already been attached in the last few days, sources state.
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CBDT issues clarifications on implementation of GAAR provisions under Inco
Updated : 8 years, 10 months ago IST
New Delhi [India], Jan 27 (ANI): The Central Board of Direct Taxation (CBDT) on Friday issued the provisions of General Anti Avoidance Rule (GAAR) contained in Chapter X-A of the Income Tax Act, 1961, with the provisions effective from assessment year 2018-19 onwards, i.e. financial year 201
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FIEO expects general increase in threshold limits this budget
Updated : 8 years, 10 months ago IST
New Delhi (India), Jan. 26 (ANI): With the Union Budget coming up in few days,Federation of Indian Export Organisations (FIEO) DG and CEO, Ajay Sahai, said that he is expecting a general increase in threshold limit for income tax payers in the country.
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I-T pressure prompted many to opt for PMGKY
Updated : 8 years, 10 months ago IST
New Delhi [India], Jan. 21 (ANI): The pressure built up by the income tax department post-demonetisation prompted those under scrutiny to opt for the Pradhan Mantri Garib Kalyan Yojana (PMGKY). This was found out after the Pune Investigation Directorate conducted surveys and searches.
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