Jan 17, 2020-Friday

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Friday, Jan 17, 2020

Income tax

Feb 02, 2019 10:46
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. read more
Feb 02, 2019 08:07
The beneficiaries of this move could include people with annual income of around \u20B910 lakh. This is because various tax saving instruments can be used to reduce taxable income for a given level of income. read more
Feb 01, 2019 23:49
Individual taxpayers taking home up to \u20B95 lakh a year will be spared from having to pay income tax from the next financial year, finance minister Piyush Goyal said on Friday. read more
Feb 01, 2019 21:10
CBDT Chairman Sushil Chandra said people having taxable income of Rs 6.5 lakh per annum too can avail “tax rebate” provided they invest Rs 1.5 lakh in specified investments such as PPF, General Provident Fund (GPF) and insurances. read more
Feb 01, 2019 16:21
In his budget speech, Goyal said benefits under Section 80-IBA of the Income Tax Act are being extended for one more year, i.e, to housing projects approved till March next year. This proposal would boost supply of affordable housing. read more
Feb 01, 2019 13:24
2019 Budget Summary: Finance minister Piyush Goyal announced relief in income tax and proposed a Rs 75,000-crore fund for assured income of around 12 crore farmers. read more
Feb 01, 2019 13:23
Budget 2019 highlights: Finance minister Piyush Goyal has proposed full tax rebate for individual tax payers having annual income up to Rs 5 lakh in Budget 2019. read more
Jan 31, 2019 10:14
The Budget is the most comprehensive report of the government’s finances in which revenues from all sources and outlays for all activities are consolidated. It also contains estimates of the government’s accounts for the next fiscal year. read more
Jan 30, 2019 15:40
Income up to Rs 5 lakh should be exempt from income tax as the “increased exemption slab will give people a window to use the additional money for travel and tourism sector”, Saurabh Sharma, co-founder and director, Travel Unravel Holidays, said. read more
Jan 27, 2019 12:19
After posting the best quarter in four years, Indian bonds are pitted against a familiar foe: likely record debt sales by the government to finance populist measures before national elections due by May. read more
Jan 03, 2019 19:24
The searches were carried out on Saravana Bhavan and four other popular food chains in Tamil Nadu besides Kannada film bigwigs, including actor Puneet Rajkumar. read more
Dec 10, 2018 17:22
Tax exemption limit for lump sum withdrawal on exit has been enhanced to 60 per cent, the minister said, adding the entire withdrawal will now be exempt from income tax. read more
Dec 10, 2018 13:50
Refunds worth Rs 1.23 lakh crore have been issued in the eight months of the current fiscal, which is 20.8 per cent higher than refunds issued in the same period last year. read more
Nov 16, 2018 16:04
Muhammad Hammad Azhar, one of the youngest ministers in Pakistan’s new government, is the latest in a long line of officials to face a problem that undermines his country’s development: getting people to start paying income taxes. read more
Nov 12, 2018 23:44
Income Tax department has already filed a caveat in the apex court that it should be heard in case any appeal is filed against the high court order. read more