The Supreme Court was hearing a petition filed by the Deputy Chief Minister against the order of the Karnataka High Court, which had earlier rejected his plea.
He also criticised the 2019 move of the Centre to reduce corporate tax rates and said that it didn't trigger private investment as was being anticipated, instead private investment has fallen from 35 per cent under UPA rule to under 29 per cent today.
The net direct tax collection of the government registered a significant growth of 19.54 per cent in financial year 2024-25, amounting to Rs 5,74,357 crore by July 11, highlighted the data by the income tax department.
The Directorate of Enforcement (ED) Mumbai has provisionally attached assets worth Rs 14.02 crore of five accused under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA) in the case of an Income Tax Refund fraud of Rs. 263 crore.
A book titled 'The Mosaic', a compilation of poems, written by Indian Revenue Service (IRS) officer Swati Chopra, was released by Bansuri Swaraj, a member of parliament and Hardayal Singh, Former Chief Commissioner of Income Tax at India International Center on Thursday.
Pune (Maharashtra) [India], July 10: Bajaj Markets, a leading financial marketplace in India, is committed to simplifying financial processes for its users. As the July 31st deadline for filing Income Tax Returns (ITR) for the financial year 2023-24 approaches, the marketplace is offering a
The SBI report adds that the various avenues of income for the government such as corporate tax, income tax, customs duty, excise duty, Goods and Services Tax, Net tax revenue, and non-tax revenue have shown a better than estimated revenue collections not only in FY24 but also in the first t
Mumbai (Maharashtra) [India], July 9: Skorydov, the innovative force behind www.myITreturn.com, is excited to announce the launch of their groundbreaking new mobile app designed to simplify and revolutionize how Indians file their Income-tax returns. This innovative app is the first-of-its-k
New Delhi [India], July 9: Tax season is upon us again in India! While some individuals may feel comfortable navigating the intricacies of filing income tax returns (ITR) themselves, many others seek the guidance of a chartered accountant (CA).
Mumbai (Maharashtra) [India], June 29: In a significant achievement under the Government of India Sports Quota Direct Recruitment Scheme, four outstanding athletes from Kudo India have been appointed as Income Tax Officers in Mumbai. The athletes were felicitated by Kudo India Chairman, Supe
A proposal in this regard was tabled at the cabinet meeting held at Mantralaya in Bhopal on Tuesday, and the council of ministers approved it unanimously. The cabinet decided that all ministers would have to pay the income tax on their salaries and allowances.
Eighteen city teams will fight it out for top honours in the Senior and Junior Division of the Hockey Pune League 2024-25, conducted under the aegis of Hockey Maharashtra, beginning at the Major Dhyanchand Stadium