Search For "income"
Jaitley presents Union Budget despite Oppn protest
Updated : 8 years, 7 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, 7 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, 7 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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SC refuses to hear plea against disclosure of income sources by poll candi
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan. 30 (ANI): The Supreme Court on Monday refused to hear the petition filed by Lucknow-based NGO Lok Prahari seeking disclosure of sources of income by candidates for parliamentary and assembly elections.
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PI Foundation initiates CSR programme in partnership with Fiinovation and
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan. 30 (ANI- Business Wire India): In a significant move, PI Foundation, a Trust supported by PI Industries Ltd, which is a BSE and NSE listed leading Agri Input, Custom Synthesis and Manufacturing company, collaborated with Fiinovation, a global CSR consulting company an
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Reduce direct and indirect taxes in financial budget: Shiv Sena
Updated : 8 years, 7 months ago IST
Mumbai, (Maharashtra), [India], Jan. 27 (ANI): As the budget is to be unveiled on February 1, Shiv Sena demanded compensation for the inconvenience that people experienced due to the demonetisation move by raising the exemption threshold of minimum annual income to Rs. 5 lakh to Rs. 2.5 lakh
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CBDT issues clarifications on implementation of GAAR provisions under Inco
Updated : 8 years, 7 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, 7 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, 7 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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IT Dept. prosecutes Telangana MLA over undisclosed income of over Rs 500 c
Updated : 8 years, 7 months ago IST
Hyderabad [India], Jan. 19 (ANI): A Telangana MLA is being prosecuted by the Income Tax Department for tax evasion of undisclosed income of more than Rs 500 crores.
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IT detects excess reporting of old currency by certain Cooperative Banks
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan. 18 (ANI): The Income Tax Department, on Wednesday, detected excess reporting of the now defunct Rs. 500 and Rs. 1000 notes to the Reserve Bank of India (RBI), by certain Cooperative Banks.
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SC to hear Common Causes plea seeking SIT probe into Sahara-Birla papers
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan. 17(ANI): The Supreme Court will on Tuesday hear the plea filed by NGO Common Cause, seeking an Special Investigation Team (SIT) probe into the documents allegedly recovered by the Income Tax Department in connection with raids on the Sahara and Aditya Birla groups in
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