Income Tax India
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National Mission For Clean Ganga Gets Income Tax Exemption Status
The Finance Ministry has granted tax exemption status to the National Mission for Clean Ganga, according to a notification of the CBDT, the decision-making body for the Income Tax department and direct taxes administration.
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Income Tax Employee, An Extortion-Dacoity Accused, Held After Over Year
Delhi Police has arrested an Income Tax Department employee, alleged prime conspirator in a extortion-cum-dacoity case.
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Yes Bank Gets Income Tax Notice Of Rs 244 Crore
Yes Bank on Wednesday said it has received a demand notice of Rs 244.20 crore for assessment year 2016-17.
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How Long Will Income Tax Refund Take If You File ITR In April
The Income Tax Department usually notifies the ITR forms in a phased manner starting in April. The tax authorities will soon make the required forms available for the ITR filing to begin this month.
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"Artificial Urgency": Court Fines Anil Ambani Rs 25,000 Over Tax Case Hearing
The Bombay High Court has imposed a cost of Rs 25,000 on industrialist Anil Ambani for seeking an urgent hearing of his petition challenging a notice issued to him by the Income Tax department in April 2022, noting it as an "artificial urgency".
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IndiGo Faces Rs 944 Crore Tax Penalty, Terms It "Erroneous"
With the Income Tax Department imposing a penalty of Rs 944.20 crore on IndiGo, India's largest airline has termed the order "erroneous" and vowed to challenge it legally.
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New Tax Rates, UPI And GST: These Things Will Change Starting April 1, 2025
From changes in the tax slabs to the UPI to the launch of the Unified Pension Scheme, here's a complete list of the changes that you can expect.
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Egg Seller, Juice Vendor Get Notices For GST Dues Worth Crores
An egg seller and a juice vendor in Madhya Pradesh and Uttar Pradesh were in for a huge shock when they received notices for dues worth crores from the Income Tax (I-T) department.
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FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore
This week in Parliament, Finance Minister Nirmala Sitharaman stated that encrypted communication channels are being misused for financial crimes like money laundering and tax evasion. She revealed that authorities were able to seize over Rs. 90 crores in crypto assets from a syndicate thanks to access to WhatsApp messages.
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UP Juice Seller Shocked After Allegedly Receiving Rs 7 Crore Income Tax Notice
A middle-aged juice seller, who runs a small kiosk at the district court compound here, was left in shock after allegedly receiving an income tax notice seeking an outstanding payment of Rs 7.79 crore.
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New Income Tax Bill To Be Introduced In Monsoon Session: Nirmala Sitharaman
The new Income Tax Bill will be taken up for discussion in the monsoon session of Parliament, Finance Minister Nirmala Sitharaman said on Tuesday.
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New Income Tax Bill Won't Breach Taxpayers' Online Privacy: Report
The new Income Tax Bill prescribes the existing process for tax authorities to gain access to the digital space or a computer device only during search and survey operations, a top official said.
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Shah Rukh Khan Wins Tax Case As Tribunal Rules In His Favour
Actor Shah Rukh Khan has secured a big victory with the Income Tax authorities, with the Income Tax Appellate Tribunal or ITAT delivering a verdict in his favour.
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Crypto Trading Booms in India's Smaller Cities as Job Growth and Incomes Disappoint
Many young Indians are dabbling in crypto trading to supplement their regular income in the world's most populous country where jobs and pay increases have lagged world-beating economic growth. Nearly two-thirds of its 1.4 billion people are below the age of 35, according to a government report.
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31-Member Panel Set Up To Examine Income Tax Bill, Will Be Headed By BJP MP
Lok Sabha Speaker Om Birla on Friday constituted a 31-member Select Committee of the lower house to examine the Income Tax Bill.
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National Mission For Clean Ganga Gets Income Tax Exemption Status
The Finance Ministry has granted tax exemption status to the National Mission for Clean Ganga, according to a notification of the CBDT, the decision-making body for the Income Tax department and direct taxes administration.
-
Income Tax Employee, An Extortion-Dacoity Accused, Held After Over Year
Delhi Police has arrested an Income Tax Department employee, alleged prime conspirator in a extortion-cum-dacoity case.
-
Yes Bank Gets Income Tax Notice Of Rs 244 Crore
Yes Bank on Wednesday said it has received a demand notice of Rs 244.20 crore for assessment year 2016-17.
-
How Long Will Income Tax Refund Take If You File ITR In April
The Income Tax Department usually notifies the ITR forms in a phased manner starting in April. The tax authorities will soon make the required forms available for the ITR filing to begin this month.
-
"Artificial Urgency": Court Fines Anil Ambani Rs 25,000 Over Tax Case Hearing
The Bombay High Court has imposed a cost of Rs 25,000 on industrialist Anil Ambani for seeking an urgent hearing of his petition challenging a notice issued to him by the Income Tax department in April 2022, noting it as an "artificial urgency".
-
IndiGo Faces Rs 944 Crore Tax Penalty, Terms It "Erroneous"
With the Income Tax Department imposing a penalty of Rs 944.20 crore on IndiGo, India's largest airline has termed the order "erroneous" and vowed to challenge it legally.
-
New Tax Rates, UPI And GST: These Things Will Change Starting April 1, 2025
From changes in the tax slabs to the UPI to the launch of the Unified Pension Scheme, here's a complete list of the changes that you can expect.
-
Egg Seller, Juice Vendor Get Notices For GST Dues Worth Crores
An egg seller and a juice vendor in Madhya Pradesh and Uttar Pradesh were in for a huge shock when they received notices for dues worth crores from the Income Tax (I-T) department.
-
FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore
This week in Parliament, Finance Minister Nirmala Sitharaman stated that encrypted communication channels are being misused for financial crimes like money laundering and tax evasion. She revealed that authorities were able to seize over Rs. 90 crores in crypto assets from a syndicate thanks to access to WhatsApp messages.
-
UP Juice Seller Shocked After Allegedly Receiving Rs 7 Crore Income Tax Notice
A middle-aged juice seller, who runs a small kiosk at the district court compound here, was left in shock after allegedly receiving an income tax notice seeking an outstanding payment of Rs 7.79 crore.
-
New Income Tax Bill To Be Introduced In Monsoon Session: Nirmala Sitharaman
The new Income Tax Bill will be taken up for discussion in the monsoon session of Parliament, Finance Minister Nirmala Sitharaman said on Tuesday.
-
New Income Tax Bill Won't Breach Taxpayers' Online Privacy: Report
The new Income Tax Bill prescribes the existing process for tax authorities to gain access to the digital space or a computer device only during search and survey operations, a top official said.
-
Shah Rukh Khan Wins Tax Case As Tribunal Rules In His Favour
Actor Shah Rukh Khan has secured a big victory with the Income Tax authorities, with the Income Tax Appellate Tribunal or ITAT delivering a verdict in his favour.
-
Crypto Trading Booms in India's Smaller Cities as Job Growth and Incomes Disappoint
Many young Indians are dabbling in crypto trading to supplement their regular income in the world's most populous country where jobs and pay increases have lagged world-beating economic growth. Nearly two-thirds of its 1.4 billion people are below the age of 35, according to a government report.
-
31-Member Panel Set Up To Examine Income Tax Bill, Will Be Headed By BJP MP
Lok Sabha Speaker Om Birla on Friday constituted a 31-member Select Committee of the lower house to examine the Income Tax Bill.
