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Income Tax News

PAGE 17

Budget 2019: ‘Will consider opening up FDI in aviation, media’: Nirmala Sitharaman

Finance minister Nirmala Sitharaman said the government would look at opening up foreign investment in aviation, media, animation, visual effects, gaming and comics and insurance sectors.

Updated on May 28, 2020, 7:57 PM IST

Budget 2019: Terms to know before Nirmala Sitharaman presents her first budget

Newly-appointed Finance Minister Nirmala Sitharaman will on Friday presents the first budget of the second term of the Narendra Modi government.

Updated on Jul 5, 2019, 11:19 AM IST

Budget 2019: 10 things to look out for in Nirmala Sitharaman’s first budget

Budget 2019: 10 things to look out for in Nirmala Sitharaman’s first budget

Updated on May 28, 2020, 6:28 PM IST

Name roads, buildings after highest tax-payers for behavioural change: Economic Survey

The idea, according to the Survey, is to create exclusive membership of “clubs” that exude not only social status but also honour.

Updated on Jul 5, 2019, 10:37 AM IST

Pension with disability benefits for soldiers who served full term to be taxed

Disability pension and the pension soldiers, who have served their full tenure with the three services of the armed forces, get will no longer be exempt from income tax (AP Photo)

Updated on Jun 26, 2019, 5:03 PM IST

Disability pension no longer tax free for soldiers who serve full tenure

Disability pension and the pension soldiers who have served their full tenure with the three services - Indian Navy, Army, Air Force - will no longer be exempt from income tax, according to a recent notification of the Finance Ministry.

Updated on Jun 25, 2019, 11:25 PM IST

Annuity may not be the solution for your retirement

If you are a risk-averse investor, who is satisfied with returns in the range of 6%, then annuity may be suitable for you.

Updated on Jun 4, 2019, 12:24 PM IST

I-T dept to summon top MP govt officials, politicians, relatives of CM Kamal Nath

Madhya Pradesh chief minister Kamal Nath’s relatives names figured in an I-T appraisal report prepared by the department after raids were conducted at 52 locations in the state and in Delhi last month.

Published on May 28, 2019, 8:50 PM IST

‘I-T official’ who cheated shopkeepers in SoBo held

On Sunday, at around 7.30pm, Mohammed Sajid, the owner of the shop which Mukherjee had visited, spotted him roaming in the area.

Published on May 21, 2019, 5:01 AM IST

Rs162 cr in gold, cash, liquor, contraband seized in state

Representational image

Published on May 8, 2019, 3:56 AM IST

2019 Lok Sabha polls: BJP leader Eknath Khadse says scam allegations hurt him

2019 Lok Sabha polls: BJP leader Eknath Khadse says scam allegations hurt him

Updated on Apr 20, 2019, 12:53 AM IST

Lok Sabha elections 2019: Over 15,000 cases of poll code violation filed in Maharashtra

Representational Image

Updated on Apr 17, 2019, 8:06 PM IST

Lok Sabha elections 2019: Vellore election cancelled after huge cash recovery

Lok Sabha election to the Vellore constituency in Tamil Nadu was cancelled on Tuesday

Updated on Apr 17, 2019, 8:09 AM IST

Income Tax conducts raids on people linked to JD(S)

Sources in the I-T department said the searches were conducted by four teams, each comprising 15 officials at the offices, residences and factory premises of people allegedly associated with the JD(S) leadership.

Updated on Apr 17, 2019, 9:00 AM IST

‘Won’t raise income tax’: Rahul Gandhi defends NYAY with a jab on PM Modi

Congress president Rahul Gandhi addressing an election rally ahead of second phase of the Lok Sabha polls.

Updated on Apr 16, 2019, 5:20 PM IST

Two held for posing as I-T officers, stealing Rs 48 lakh from tutor in Delhi

Delhi Police have recovered Rs 22.45 lakh of the loot and are on the lookout for two more suspects.

Updated on Apr 15, 2019, 9:46 AM IST

I-T dept seeks legal action against Karnataka CM HD Kumaraswamy, dy CM for intimidating officers

The income tax official demanded cases should be registered against all those who took part in the protests for unlawful assembly, intentional insult, breach of peace, statements conducing to public mischief, criminal intimidation, obstructing public servant from discharging their duties and threat of injury to public servant under IPC sections 143, 504, 505, 506, 186 and 189.

Updated on Apr 10, 2019, 9:14 AM IST

Taxpayers will have to disclose more details in new income tax return forms

People stand in queue to file their IT returns on last day of financial year outside Income Tax office at BKC, Bandra in Mumbai, India.

Updated on Apr 6, 2019, 9:22 AM IST

BJP’s Mumbai North MP Gopal Shetty’s assets increase by ₹6 crore in 5 years

BJP Mumbai North MP Gopal Shetty

Updated on Apr 5, 2019, 10:10 AM IST

Bombay HC refuses to interfere in auction of Nirav Modi’s artworks

Nirav Modi

Updated on Apr 2, 2019, 8:40 AM IST

Who owns the 68 paintings? High Court to I-T department

The Bombay high court (HC) on Wednesday directed the income tax (I-T) department to submit information on the ownership of the 68 paintings belonging to diamantaire Nirav Modi’s firm.

Published on Mar 28, 2019, 4:18 AM IST

Income tax department busts cricket betting racket in Delhi

Income tax department busts cricket betting racket in Delhi

Published on Mar 21, 2019, 2:27 AM IST

Poll promises made by the AIADMK and DMK are unworkable

An election rally, Chennai, March 6. While political analysts may say that votes are rarely cast on the basis of party manifestos and will be based on issues, personalities, caste, region and religion, the Dravidian majors -- the AIADMK and DMK -- have exposed the developing fault lines between the states and the Centre on who has more say in shaping voters’ lives.

Updated on Mar 21, 2019, 5:08 PM IST

Lok Sabha elections 2019: Six I-T teams to crack down on illegal cash flow for polls

The Income Tax (I-T) department on Monday said it has formed six Quick Response Teams (QRTs) in all six Lok Sabha constituencies in Mumbai, air intelligence units (AIUs) to block airports/airbases for illegal cash flow ahead of the elections. (Representative Image)

Published on Mar 19, 2019, 3:50 AM IST

Income tax dept digs up dodgy transactions worth ₹17 crore in J&K

The income tax department stumbled upon these details after it conducted searches in the Kashmir valley on Thursday, an official statement said.

Updated on Mar 16, 2019, 10:17 AM IST

Parliamentary panel on finance for tax law simplification

A parliamentary panel wants the government to finalise the long-pending Direct Tax Code “at the earliest” to simplify and rationalise tax laws further.

Updated on Mar 9, 2019, 8:44 AM IST

Socialism has returned to US politics

Bernie Sanders has joined an already crowded Democratic presidential race

Updated on Feb 22, 2019, 11:05 AM IST

A Calmer You, by Sonal Kalra: No calmness about this one!

Our Home Ministry runs a website: bharatkeveer.gov.in, that allows us, from anywhere in the world, to directly transfer money into the bank accounts of the next of kin of a slain paramilitary soldier.

Updated on Feb 16, 2019, 6:41 PM IST

Individuals earning ₹8-9 lakh annually can escape taxes. Here’s how

People stand in queue to file their IT returns on last day of financial year outside Income Tax office at BKC, Bandra in Mumbai, India, on Tuesday, March 31, 2015.

Updated on Feb 3, 2019, 9:40 AM IST

Why budget’s fiscal prudence claim could intensify GDP row

The Interim Budget 2019- has given major sops in terms of both taxes and non-tax transfers. The two most important announcements are the direct income transfer scheme to farmers and an increase in taxable income threshold.

Updated on Feb 2, 2019, 2:29 PM IST

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