Search For "income"
India and Austria sign a Protocol amending the Double Taxation Avoidance C
Updated : 8 years, 7 months ago IST
New Delhi [India], Feb. 6 (ANI): India and Austria signed a Protocol on Monday, amending the existing convention between the two countries for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income.
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Government may reduce surcharge levied on income group of Rs. 50lakh to 1
Updated : 8 years, 7 months ago IST
By Shailesh Yadav
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Union Budget 2017-18 focuses on wider tax compliance, says ClearTax
Updated : 8 years, 7 months ago IST
New Delhi [India], Feb. 6 (ANI): ClearTax, an Income Tax returns e-filing and enterprise compliance service provider, has observed a trend which, if implemented well, will ultimately result in improving the economic infrastructure of the country.
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There is inconsistency in filing income tax, says CBDT Chairman
Updated : 8 years, 7 months ago IST
New Delhi [India], Feb. 6 (ANI): Out of a total of 15 lakh companies in India, over 50 percent of them are not filing income tax returns, said Sushil Chandra, Chairman, Central Board of Direct Taxation (CBDT).
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Whirlpool of India delivers record Q3 performance
Updated : 8 years, 7 months ago IST
New Delhi [India], Feb. 3 (ANI): Whirlpool of India, a subsidiary of Whirlpool Corporation, the global home appliance company, announced strong operating results for the third quarter of 2016-17. Total income of Rs. 901 Cr. grew by 1.1 percent and Profit after Tax at Rs. 55.4 Cr was higher b
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Union Budget 2017-18 will boost Direct Selling Industry: IDSA Secretary Ge
Updated : 8 years, 7 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, 7 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, 7 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, 7 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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Cabinet approves extension of tenure of loans under CLSS
Updated : 8 years, 7 months ago IST
New Delhi [India], Feb. 1(ANI): The Centre on Wednesday has given ex-post facto approval to the proposals for Extension of tenure of loans under the Credit Linked Subsidy Scheme (CLSS) vertical of Pradhan Mantri AwasYojana (Urban) Mission from 15 to 20 years (to be renamed as CLSS for EWS/LI
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Govt. alters tax slabs with 5 pct reduction in income of Rs. 2.5-5 lakh
Updated : 8 years, 7 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, 7 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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