Thursday, March 28, 2024

Income Tax

IT raids at MP Congress MLA’s premises, party links it to Presidential election

By Express News Service BHOPAL: Income Tax Department raids started on Thursday at over 40 premises of two business groups, one of which is...

‘IT officials told me I can become Chhattisgarh CM by framing CMO official’: Coal trader

By PTI RAIPUR: A coal trader, whose premises were recently searched by the Income Tax department in Chhattisgarh, has claimed that IT sleuths told...

Company does not die upon amalgamation, transferee firm can be fastened with I-T liability: SC

The bench dealt with the concept of amalgamation in its judgement and said it was unlike the winding up of a corporate entity.

Direct tax collection soars 48 per cent in FY22, advance tax payment up 41 per cent

By PTI NEW DELHI: India's collection from tax on personal and corporate income jumped over 48 per cent in the current fiscal after a...

Revenue Secretary bats for higher tax on long-term capital gains

By Express News ServiceNEW DELHI: Revenue secretary Tarun Bajaj has questioned the rationale for only 10 per cent tax on long-term capital gains.“As...

Will write to FM to reconsider relief for traders, middle-class: CAIT NCR

By PTI NOIDA: Lamenting no sops for middle class and traders in the Budget 2022-23, the NCR chapter of the Confederation of All India...

IT department attaches properties worth Rs 1,000 crore allegedly belonging to Ajit Pawar

By ANI MUMBAI: Income Tax Department has attached properties allegedly belonging to Nationalist Congress Party (NCP) leader and Maharashtra Deputy Chief Minister Ajit Pawar...

Income tax department serves notice to UP rickshaw puller asking him to pay over Rs 3 crore

By PTI MATHURA: A rickshaw puller approached the police in this Uttar Pradesh district on Sunday after he was served a notice by the...

I-T raids across multiple cities unearth digital evidence of tax fraud 

By Express News Service BENGALURU:  The Income Tax Department has carried out search and seizure operations on 37 premises spread across multiple cities, including Mumbai,...

Income tax portal’s tech issues being progressively addressed; 1.19 crore ITRs filed: CBDT

#39;Of these, over 76.2 lakh taxpayers have used the online utility of the portal to file the returns, #39; the Central Board of Direct Taxes (CBDT) said in a statement.

Latest News

The wait of the fans is over, the release date of Heeramandi has been announced…

People are eagerly waiting for director Sanjay Leela Bhansali's film 'Heeramandi: The Diamond Bazaar'. #HeeramandiKabReleaseHogi is also trending...