Govt notifies e-assessment process for income-tax payers
New Delhi: The ambitious ‘e -assessment’ scheme, also called the faceless or nameless assessment, for income-tax payers has been notified by the Central government. Finance Minister Nirmala Sitharaman The More...
SC to hear CBI’s plea against protection from arrest granted to sacked I-T Commissioner
New Delhi: The Supreme Court on Wednesday agreed to hear a petition filed by the Central Bureau of Investigation (CBI) against the protection from arrest granted to sacked Income Tax commissioner S K Srivastava More...
PAN will be generated automatically if a taxpayer uses Aadhaar for filing returns: CBDT
New Delhi: The Income Tax Department will automatically issue PAN to a taxpayer using Aadhaar number for filing returns as part of a new arrangement to link the two databases. According to a notification issued More...
File IT returns by Aug 31, no extension of date: CBDT
Pramod Chandra Mody Chairman of CBDT, the nodal national agency responsible for administering Income Tax department. New Delhi: The Central Board of Direct Taxes (CBDT) on Friday clarified that no order has been More...
Abolish income tax, hike FD interest, cut it on loans: Swamy
Chandigarh: BJP MP Subramanian Swamy on Saturday batted for abolishing income tax, hiking interest rate on fixed deposits and lowering it on loans to spur economic growth. BJP MP Subramanian Swamy “The main More...
HC declines interim stay on transfer of income tax case against Karti to special court
Chennai: The Madras High Court on Wednesday refused the plea of Congress MP Karti Chidambaram and his wife for interim stay on the transfer of an income tax case against them from an economic offences court to a More...
Mamata to protest against Centre over income tax on Durga Puja
Kolkata: West Bengal Chief Minister Mamata Banerjee on Sunday criticised the Centre for issuing income tax notices to several Durga Puja committees here, saying festivals should be exempt from levies. West Bengal More...
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...
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...
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...
