Tag archive for ‘Income tax’
By Manish Sen On Thursday, February 15th, 2018

Punjab CM, ministers decide to pay their own Income Tax

Chandigarh: Punjab Chief Minister Amarinder Singh and his ministers today announced that they would voluntarily pay their own income tax, which at present is being given from the state exchequer. Chief Minister More...

By Manisha Sen On Tuesday, February 13th, 2018

IT raid cases not to be processed under e-assessment: CBDT

New Delhi: The soon-to-be rolled out pan India e-assessment system for scrutiny cases of taxpayers will not be applicable to instances where a raid has been conducted against an assessee by the Income Tax (IT) department, More...

By Ila Choudhary On Monday, February 5th, 2018

7th Pay Commission: Govt to accept salary hike

New Delhi: Finance Minister Arun Jaitley had assured to raise the salaries of central government employees, accordingly, the government is likely to accept it, said a Finance Ministry official on condition of anonymity. FM More...

By Ila Choudhary On Thursday, February 1st, 2018

Budget 2018: FM proposes 4% health and education cess

New Delhi: Finance Minister Arun Jaitley proposed to replace existing 3% education cess on personal income tax and corporation tax with a 4% ‘Health and Education Cess’ to take care the education and health More...

By Ila Choudhary On Friday, December 8th, 2017

Income Tax dept suspends Deputy Commissioner for harassing taxpayer

New Delhi: The Income Tax Department has suspended a Deputy Commissioner for harassing a taxpayer and allegedly demanding “illegal gratification”, the finance ministry said today. Sushil Chandra Chairman More...

By Ila Choudhary On Monday, November 27th, 2017

AAP slapped with 30-cr income tax notice, party dubs it ‘vendetta’

New Delhi: Income Tax (IT) department on Monday sent Rs. 30.67 crore tax notice to Arvind Kejriwal-led Aam Aadmi Party (AAP). The Income Tax Department has served a Rs 30.67 crore tax notice to Arvind Kejriwal-led More...

By Manish Sen On Thursday, November 23rd, 2017

Income Tax inspector killed in road mishap

Pune: A 28-year-old Income Tax department inspector was killed and two other officials were injured after their SUV rammed into a parked trailer truck from rear on the old Pune-Mumbai highway near Dehu Road in More...

By Manish Sen On Wednesday, November 22nd, 2017

Govt sets up panel to review income tax laws

New Delhi: The government today constituted a task force for redrafting the 50-year old income tax law in sync with the economic needs of the country. Chief Economic Adviser Arvind Subramanian will be a permanent More...

By Manish Sen On Friday, November 17th, 2017

HC grants interim stay on pleas of Chidambaram, family on IT notice

Chennai: The Madras High Court today granted interim stay on petitions filed by former Union minister P Chidambaram and his family seeking quashing of a notice issued under the Income Tax Act for reopening of the More...

By Manisha Sen On Tuesday, November 14th, 2017

DeMo: I-T to issue notices to suspicious cash depositors

New Delhi: The Income Tax Department will soon issue notices to those who have deposited “suspicious” amounts of money in banks post-demonetisation and have not responded to taxmans preliminary communication, More...