Search For "income tax"
Budget should reduce tax rates, raise personal income tax exemption limit
Updated : 1 year, 5 months ago IST
The upcoming union budget 2025-26 should focus on giving personal tax relief to common taxpayers by raising the basic exemption limit in the new tax regime from Rs 3 lakhs to Rs5 lakhs and reducing tax rates, suggests global consulting and professional services firm Ernst & Young India (
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Trade Unions demand super-rich tax, hike in corporate tax and raising inco
Updated : 1 year, 6 months ago IST
In their customary pre-budget meeting with Union Finance Minister Nirmala Sitharaman, trade union leaders suggested a super-rich tax and an increase in corporate tax to fund social security for informal workers.
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"Tariffs will pay off our debt," US President-Elect reinstates stance on t
Updated : 1 year, 6 months ago IST
Trump said that tariffs generated wealth in the country and then they switched to income tax.
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New deadline to file belated/revised ITR extended to 15 January for reside
Updated : 1 year, 6 months ago IST
The Central Board of Direct Taxes (CBDT) has extended the last date for furnishing Belated/ Revised return of income (ITR) for the Assessment Year (AY) 2024-25 for Resident Individuals, the CBDT stated in a notification.
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Vivad Se Vishwas Scheme gets one-month extension
Updated : 1 year, 6 months ago IST
The government has extended by a month the due date to resolve pending appeals in the case of income tax disputes under the Vivad Se Vishwas Scheme.
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"Election Commission, ED, CBI, Police become helpless": Arvind Kejriwal at
Updated : 1 year, 6 months ago IST
Aam Aadmi Party (AAP) chief Arvind Kejriwal on Wednesday attacked the Bharatiya Janata Party over Parvesh Verma distributing cash in the New Delhi assembly constituency and said that all agencies like the Election Commission, ED, CBI, Police, and Income Tax have become "helpless."
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Delhi govt departments issue notices against AAP schemes; Kejriwal says 'p
Updated : 1 year, 6 months ago IST
"As per sources, recently there was a meeting between the CBI, ED and Income Tax. They have been instructed from above to arrest CM Atishi by fabricating any false case against the CM," Kejriwal said in a press conference today.
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MP: Police, IT officials recover 52 kg gold, around Rs 9.86 cr cash from a
Updated : 1 year, 6 months ago IST
The case was parked abandoned near Mendori-Kushalpur road under the jurisdiction of Ratibad police station limits in the state capital. On getting the information, the police reached the spot and an investigation into the matter was underway, the police added.
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CBI arrests two Income Tax department employees in bribery case
Updated : 1 year, 7 months ago IST
As per the CBI release, the accused were arrested for demanding and accepting a bribe of Rs 4,000 from the complainant which is allegedly part of demanded bribe amount of Rs 10,000.
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Central Board of Direct Taxes extends deadline for taxpayers with internat
Updated : 1 year, 7 months ago IST
The Central Board of Direct Taxes (CBDT) on Saturday extended the due date for filing the return of income tax for tax payers with international transactions who are required to submit informations under section 92E.
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Cabinet Committee on Economic Affairs approves PAN 2.0 Project
Updated : 1 year, 7 months ago IST
The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, on Monday gave approval for the PAN 2.0 Project of the Income Tax Department.
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Income tax department advises taxpayers to carefully review their foreign
Updated : 1 year, 7 months ago IST
Shashi Bhushan Shukla, Commissioner (Investigation), CBDT advised all taxpayers to carefully review their foreign income and assets and report them accurately in their Income Tax Returns (ITRs).
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