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Income Tax News

PAGE 18

Budget 2019: How second-time homebuyers may gain from reforms

To begin with, the interim budget has proposed to do away with income tax levied on the notional rent on a second, self-occupied house.

Published on Feb 2, 2019, 10:46 AM IST

Budget 2019: Salaried section gains most from income tax plan

Finance Minister Piyush Goyal during an interview with ANI in New Delhi on Friday.

Updated on Feb 2, 2019, 8:16 AM IST

Budget 2019: Sops to taxpayers, relief in standard deductions

PM Narendra Modi cheers as FM Piyush Goyal presents the interim Budget 2019-20 during the Budget Session at Lok Sabha.

Updated on Feb 2, 2019, 12:11 AM IST

Income tax rebate of ₹12,500 to those who earn up to ₹5 lakh from April 1

The income tax department will give a “straight rebate” of <span class='webrupee'>₹</span>12,500 to people having an annual income of <span class='webrupee'>₹</span>5 lakh from the beginning of next fiscal (Photo by Arvind Yadav/ Hindustan Times)

Published on Feb 1, 2019, 9:10 PM IST

Budget 2019: Govt extends tax sops for affordable home developers; no tax on notional rent for unsold units

The government announced that capital gains of up to <span class='webrupee'>₹</span>2 crore could be rolled over for investment in two housing units from the current one unit only. It also exempted tax on notional rent on a second self-occupied house.

Updated on Feb 1, 2019, 5:40 PM IST

Cash for farmers, tax cuts: Govt’s last budget preps for general elections

Finance Minister Piyush Goyal during his budget speech in the Lok Sabha on Friday.

Updated on Feb 2, 2019, 9:47 AM IST

Budget 2019 income tax slabs: Here’s how much income tax you will pay after new slabs

People watching union Interim budget at the shop in Patna on Friday, February 1, 2019.

Updated on Feb 1, 2019, 4:20 PM IST

Know your budget: Terms to know before B-Day

Monetary policy comprises actions taken by the RBI to regulate the level of liquidity in the economy, or change interest rates.

Updated on Jan 31, 2019, 10:37 AM IST

Travel Unravel Holidays seeks budget support to boost growth

There is a need for an investment push for marketing and promotion of heritage destinations of India, Saurabh Sharma, said in a statement.

Published on Jan 30, 2019, 3:40 PM IST

Narendra Modi’s record debt sales before polls to pressure Indian bonds

Prime Minister Narendra Modi

Updated on Jan 27, 2019, 12:19 PM IST

Film stars, food chain Saravana Bhavan raided by tax dept in Karnataka, TN

Updated on Jan 3, 2019, 10:25 PM IST

Government to now contribute 14% to National Pension System, no tax on withdrawal

Finance minister Arun Jaitley Monday said the Centre has decided to increase its contribution to the National Pension System (NPS) for the central government employees to 14% and also made the entire withdrawal amount tax free at the time of retirement.

Updated on Dec 10, 2018, 5:38 PM IST

Direct tax collections surge 15.7 percent to Rs 6.75 lakh crore in Apr-Nov

IThe net direct tax collections represent 48 per cent of the total budget estimates of direct taxes for financial year 2018-19 (Rs 11.50 lakh crore).

Updated on Dec 10, 2018, 1:52 PM IST

Pakistan PM Imran Khan’s new problem: How to get people to pay taxes

Pakistani PM Imran Khan.

Published on Nov 16, 2018, 4:04 PM IST

Supreme Court to hear pleas of Sonia and Rahul Gandhi in Income Tax case on Tuesday

Former Congress President Sonia Gandhi and Congress President Rahul Gandhi

Published on Nov 12, 2018, 11:44 PM IST

TRS MP’s firm reports ₹60 crore black money after raids in Telangana: I-T dept

A real estate firm linked to an MP of the ruling TRS in Telangana has admitted over <span class='webrupee'>₹</span>60 crore as undisclosed income to the I-T department after multiple raids were conducted against it in September, officials said.

Published on Nov 9, 2018, 10:12 AM IST

Deadline for filing Income Tax return, audit report extended to October 31

Income Tax department portal

Updated on Oct 8, 2018, 9:51 PM IST

I-T raids on minister’s colleges raise TDP’s hackles in Andhra Pradesh

Minister for municipal administration P Narayana is a close aide of chief minister N Chandrababu Naidu.

Updated on Oct 5, 2018, 8:14 PM IST

Extended deadline for filing income tax returns ends today

While over three crore returns were filed during the corresponding period last year, the figure has already crossed the five crore mark till August 30.

Published on Aug 31, 2018, 7:04 PM IST

Income Tax return filing deadline extended for Kerala taxpayers till September 15

An image of the Income Tax department portal.

Updated on Aug 29, 2018, 9:11 AM IST

Transgenders send rakhis to PM, hoping Transgender Bill will be passed this session

A transgender who has been working as a dancer and a make-up artist in Uttar Pradesh signs a letter that will be sent to the Prime Minister, along with a rakhi.

Updated on Aug 23, 2018, 3:53 PM IST

Hyderabad company failed to deposit Rs 130-crore EPF contributions over four years: Inquiry

The inquiry by the provident fund authorities, which progressed at a snail’s pace, picked up pace only in the last six months after the whistle-blower started knocking on the doors of every ministry and department in Delhi seeking to expose the alleged irregularities.

Updated on Aug 1, 2018, 10:49 PM IST

Centre extends income tax returns filing deadline till August 31

The Central Board of Direct Taxes extended the due date for filing of Income Tax Returns from July 31, 2018 to August 31.

Updated on Jul 26, 2018, 6:43 PM IST

MS Dhoni highest individual taxpayer in Jharkhand for 2017-18

MS Dhoni reportedly paid <span class='webrupee'>₹</span>12.17 crore as income tax in 2017-18.

Updated on Jul 23, 2018, 7:08 PM IST

Why independents fail to make a mark in elections

While there is a limit on expenditure that an individual candidate can incur on her/his election, there is none on the amount that a political party can. This obviously puts independent candidates, who had no party to bankroll their election, at a huge disadvantage.

Updated on Jul 5, 2018, 12:05 PM IST

ITR e-filing: How to prep for filing your income tax returns online

ITR e-filing: How to prep for filing your income tax returns online

Updated on Jul 3, 2018, 2:30 PM IST

Never filed your income tax return before? Don’t lose time and start now

Tax department employees help government employees to help file their Income Tax Returns (ITRs).

Updated on Jun 28, 2018, 11:27 AM IST

Want to file your income tax return online? Here’s the first step

Taxpayers can calculate their tax liabilities using the income tax department’s tax calculator tool.

Updated on Jun 25, 2018, 9:36 AM IST

Centre keeps states’ demand of monthly sharing of funds, but only partially

Union finance minister Arun Jaitley flanked by MoS for finance Shiv Pratap Shukla and revenue secretary Hasmukh Adhia at the 26th meeting of the Goods and Services Tax Council, in New Delhi.

Updated on Jun 10, 2018, 7:41 AM IST

ITR-4 launched on e-filing portal, total 3 ITRs available now

Tax department organised special camp for government employee to help file their Income Tax Returns (ITRs) spacial camp at the civic centre.

Updated on May 15, 2018, 5:08 PM IST

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