Income Tax

Multiple glitches in income tax portal: Finance ministry summons Infosys CEO

New Delhi: According to the Ministry of Finance, Salil Parekh, CEO of Infosys, has been summoned to explain persistent glitches…

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Income Tax probe reveals shocking truth about Kanpur chaat sellers, many are millionaires

Uttar Pradesh: The news of very ordinary and poor people becoming millionaires is often surprising in Uttar Pradesh. They sell…

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These ‘taxpayers’ will have to pay higher TDS

Mumbai: The banks will recover a higher Tax Deducted at Source (TDS) from some ‘specified’ taxpayers. The rate of TDS…

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NEW “TAXPAYER FRIENDLY” e-filing portal launched

The Income Tax Department on Monday launched a new e-filing portal to further ease the filing of income tax returns…

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Know whether or not an expat should pay income tax on income earned in the UAE when repatriating

Everybody is aware that UAE is a tax-free country. UAE did not impose any taxes on expats working in the…

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“Parliament passes Finance Bill” ; Provides 10-year income-tax exemption to National Bank

New Delhi; The bill provides a 10-year income-tax exemption to National Bank to Finance Infrastructure and Development. It also provides…

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Income Tax department detected Rs.300 crore black money in raid

The Income Tax Department has detected black money worth Rs. 300 crore during a raid. The IT Department officials recovered…

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Income Tax Department seized Rs. 14 crore from hawala dealers

Income Tax Department officials  has seized 14 crore rupees  from hawala dealers .  The IT officials has seized the money…

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Gulf country to amend labour laws

A gulf country has decided to amend the labour and tax laws. Oman government has decided to amend the labour…

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Gulf country to launch income tax

A gulf country has decided to launch income tax in the country. At present, none of the six Gulf Cooperation…

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Income Tax raid at Congress office; Rs 8 lakh recovered

Days ahead of the first phase of Bihar elections, a team of Income Tax officials raided the Congress headquarters in…

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Last date for various returns are extended; Remember these postponed dates

The deadlines for filing various returns under Income Tax, Goods and Services Tax (GST), and Company Law have been extended.…

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Health Insurance, Credit card, Income tax, Driving license; 10 rules changing from today…

New Delhi: On effect from today many rules ranging from Income tax, driving license, health insurance to credit card are…

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Hefty fine from Income tax dept await if PAN not connected to Aadhar card

Heavy fine and agony awaits if your Aadhaar is not linked to the PAN card. Apart from the automatic cancellation…

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Know the 5 changes in Income Tax rules which will be in effect from tommorow

As the new fiscal year starts from tomorrow, here are the changes in income tax rules that will come into…

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“Union budget a stab in the back for NRI’s”,Kerala CM Pinarayi Vijayan

Kerala CM Pinarayi Vijayan today said that the Union budget 2020 is a stab in the back for Non-Residential Indians(NRI).…

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CBDT makes electronic payment mandatory

The Central Board of Direct Taxes (CBDT) has announced that all businesses with a turnover of more than Rs 50…

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Income tax return will be easier with the new software

Income tax return will be easier as half of the job would be done by the department itself. The employees…

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I-T Dept Wants Legal Action Against Karnataka C.M. Here is the Reason

According to sources, the income tax department has sought action from Chief Electoral Officer against Karnataka Chief Minister H D…

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PAN cards will become purposeless after this month

The PAN cards may become purposeless after this month 31. Those PAN cards that are not linked with Aadhar cards…

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61 individuals declared gross income of over Rs 100 crore

A report revealed that only 61 individuals declared an income of over Rs 100 crore during the assessment year of…

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