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...
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...
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...
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...
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...
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...
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...
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...
