Tag archive for ‘Income tax’
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By Manish Sen On Friday, July 12th, 2019
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MP-C’garh students asked to ensure parents deposit IT returns

Bhopal: The Income Tax department has asked students in Madhya Pradesh and neighbouring Chhattisgarh to give written declarations that they would ensure their parents deposit income tax returns “honestly”, More...

By Manish Sen On Monday, April 8th, 2019
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Schemes in Cong manifesto based on taxing middle class, says Union Minister Puri

Hyderabad: Union Minister Hardeep Singh Puri Monday alleged that the Congress manifesto for the Lok Sabha elections makes no reference to the middle class and the schemes proposed by the party are based on taxing More...

By Manish Sen On Monday, April 8th, 2019
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BJP says to lower income tax rates for middle class if re-elected

PM Narendra Modi and BJP president Amit Shah today released the party’s manifesto. New Delhi: Bharatiya Janata Party (BJP) on Monday pledged to revise income tax brackets to help the middle class if the party More...

By Manish Sen On Thursday, March 28th, 2019
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K’taka statewide I-T raids; Cong, JD(S) protest

Bengaluru:  Income Tax (I-T) department on Thursday said it has seized Rs 1.66 crore cash in raids in multiple locations across Karnataka. Congress and JD(S) protest against Income Tax Department’s raids More...

By Manish Sen On Wednesday, March 20th, 2019
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Mayawati’s ex-Secy, Retd IAS officer Netram’s Rs 225 crore properties attached in DA case

New Delhi: The Income Tax Department has attached assets worth Rs 225 crore of retired IAS officer Netram, a former secretary of BSP supremo Mayawati, in connection with a disproportionate assets case. BSP supremo More...

By Manish Sen On Tuesday, March 19th, 2019
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IT dept to attach 20 properties of Mayawati’s former aide Netram in disproportionate assets case: IT sources

New Delhi: The Income Tax (IT) department will attach around 20 properties of retired IAS officer Netram, a former secretary of BSP supremo Mayawati, in connection with a disproportionate assets case, IT sources More...

By Manish Sen On Friday, March 8th, 2019
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AAP MLA Naresh Balyan detained in property case

New Delhi: Aam Aadmi Party (AAP) MLA Naresh Balyan has been detained by the Income Tax Department sleuths for questioning after their team surveying a builder here on Friday found over Rs 2 crore cash allegedly More...

By Manish Sen On Wednesday, February 27th, 2019
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Panel to overhaul Direct Tax law seeks 3 months extension

New Delhi: The task force set up to draft a new direct tax law to replace the existing Income Tax Act has sought 2-3 months extension from Finance Minister Arun Jaitley to submit its report. Finance Minister Arun More...

By Manish Sen On Monday, February 11th, 2019
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I-T sleuths unearth Rs 20,000-crore hawala racket in Delhi

New Delhi: The Income Tax Department on Monday claimed to have busted a nexus of hawala operators who were running a money laundering racket in the national capital estimated to be worth Rs 20,000 crore. Representative More...

By Ila Choudhary On Friday, February 1st, 2019
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Govt doubles tax exemption limit to Rs 5 lakh

New Delhi: In a major relief to the middle-class, Finance Minister Piyush Goyal Friday proposed to double the threshold tax exemption limit to Rs 5 lakh and increased the standard deduction to Rs 50,000 from Rs More...