Search For "income"
I-T seizes Rs 400 crores from tea seller-turned-financier in Surat
Updated : 8 years, 7 months ago IST
Surat (Gujarat) [India], Dec. 17 (ANI): The Income Tax Department on Saturday raided the premises of city-based tea seller-turned-financier Kishore Bhaijyawala and seized cash worth approximately Rs 400 crores, including cash, bullion, jewellery and property papers from his possession.
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Political parties receiving donations in old notes to be scrutinised: Jait
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec.17 (ANI): The government on Saturday reiterated that it has not made any change in the existing Income Tax law that would exempt political parties from depositing old currency in banks.
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Govt. clarifies status of political parties under Income Tax Act
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec. 17 (ANI): The Ministry of Finance, Department of Revenue, and Central Board of Direct Taxes on Saturday issued a joint statement giving a clarification on status of political parties under Income Tax Act, 1961.
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I.T. department issues clarification of status of political parties under
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec.17 (ANI):There have been some newspaper reports which seem to wrongly suggest that there cannot be any scrutiny of Income-tax returns of political parties registered with the Election Commission in the context of deposits of old currency notes. This inference seems to
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Rejection of my plea part of political vendetta: Virbhadra Singh
Updated : 8 years, 7 months ago IST
Shimla (Himachal Pradesh) [India], Dec. 17 (ANI): Himachal Pradesh Chief Minister Virbhadra Singh on Saturday said the rejection of his plea by the Income Tax Appellate Tribunal (ITAT) is a part of a political vendetta and now he would appeal in a higher court against this verdict.
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Political parties not exempted from depositing old notes, clarifies Financ
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec. 16 (ANI): Putting an end to all speculations over political parties being exempted under the Income Tax law to deposit old notes, Finance Secretary Ashok Lavasa said there was no such provision against anybody.
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Vaccination ups family wealth, girls' chances to attend secondary sch
Updated : 8 years, 7 months ago IST
Washington D.C. [USA], Dec. 16 (ANI): Researchers from Washington State University have found households that vaccinate their cattle earn an extra income that can be spent on food and education.
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Centre issues notification for revised double taxation avoidance agreement
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec.16 (ANI): A revised agreement between India and Cyprus for the avoidance of double taxation and the prevention of fiscal evasion (DTAA) with respect to taxes on income, along with its protocol, was signed last month in Nicosia, which will replace the existing DTAA that
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Delhi: IT finds 12 fake accounts in Krishna Nagar branch of Axis Bank
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec. 16 (ANI): The Income Tax (IT) department on Friday found 12 fake accounts in Krishna Nagar Branch of Axis Bank in New Delhi.
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IT officials seize Rs.30 lakhs in new currency from Delhi jewellery shop
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec. 15 (ANI): The Income Tax Department on Thursday conducted a raid at Sunar Jewellers in Delhi's Karol Bagh area and seized Rs 30 lakhs, including new currency notes.
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IT Dept. seizes unaccounted cash from real estate firm
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec. 14 (ANI): The Income Tax (IT) Department and Inter State Crime Cell of the Delhi Police in a joint action on Wednesday seized unaccounted cash worth Rs. 64,84,000, of which Rs. 11,34,000 was in Rs. 2000 denomination.
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Cabinet approves amending agreement with Tajikistan for prevention of tax
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec. 14 (ANI): The Union Cabinet, chaired by Prime Minister Narendra Modi on Wednesday approved the protocol amending the agreement between India and Tajikistan for avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
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