Income tax

I-T officials summon MD, director of Sri Aditya Homes

According to sources, the I-T officials found irregularities in cash transactions.

published on : 24th January 2023

Union Budget: Middle class keep their fingers crossed

The greatest middle class fantasy that they successfully fuel almost every year is that Income-Tax must and will be replaced by Expenditure tax

published on : 23rd January 2023

The necessity of taxing farmers’ income in India

Income taxes must be paid if one’s income is above a threshold, irrespective of whether one is a farmer.

published on : 21st January 2023

Income Tax raids on realty firms continue in Telangana

The funds were received from customers under pre-booking or to block their interested area in ongoing constructions.

published on : 20th January 2023

CBI books Navy personnel among 31 for income tax fraud in Kerala

The CBI has alleged that the remaining 31 people booked in the FIR have yet not returned the falsely claimed income tax refund totalling Rs 44.07 lakh to the income tax department.

published on : 18th January 2023

Trump Organization fined USD 1.6 million for tax fraud

Trump himself was not on trial and denied any knowledge that a small group of executives were evading taxes on extras including rent-free apartments, luxury cars and private school tuition.

published on : 14th January 2023

TN’s own tax revenues up 37% in FY-23 first half

Commercial tax revenue, expected to be Rs 1.06 lakh crore as per budget estimates for the whole fiscal year, was Rs 54,494 crore as of September 2022.

published on : 14th January 2023

Tax collection in TN, Puducherry region up by 25%

The net amount of direct tax collected in Tamil Nadu and Puducherry region for the financial year 2022-23 stood at Rs 64,102 crore, which is 25.5% higher than the previous year’s collection.

published on : 13th January 2023

IT department recovers Rs 11 crore from TMC MLA Jakir Hossain's house, factories

Jakir Hossain is the MLA from Jangipur in Murshidabad and a former junior labour minister in the West Bengal chief minister Mamata Banerjee’s cabinet.

published on : 12th January 2023

Calcutta High Court rejects former MP CM Kamal Nath's plea against transfer of I-T case to Delhi

The proceedings were initiated against him in relation to ‘cash transactions’ worth Rs 20 crore made during the election season in April 2019.

published on : 10th January 2023

Allow deductions, hike threshold for levying peak 30 per cent tax: Experts

Experts believe that Finance Minister Nirmala Sitharaman should look at including certain popular tax deductions claimed by individuals, in addition to increasing the basic exemption limit.

published on : 8th January 2023

I-T sleuths continue raids, summon Exel Rubber director

The officials are believed to have uncovered some company documents in which Anirudh Reddy’s name was struck off, and they are now investigating suspect transactions from Exel Rubber 

published on : 8th January 2023

Madame Finance Minister, here's why you should shower us some love on the personal taxes front

The Indian taxpayers' charter emphatically declares that government 'shall treat every taxpayer to be honest unless there is reason to believe otherwise'.

published on : 6th January 2023

I-T dept officials continue to examine accounts of Exel Rubber

Sources said that the I-T sleuths have noticed several irregularities in Income Tax payments and filing of returns over the last two fiscals when foreign investment flowed into the company.

published on : 6th January 2023

I-T sleuths raid Exel Group of Companies

The Exel Group of Companies is into rubber and plastic manufacturing business as well as infrastructure, Information Technology, engineering, healthcare and other sectors.

published on : 5th January 2023

TN, Puducherry rank fourth in tax collection in India this year: I-T

Ravichandran stated that the target for this financial year was set as Rs 14 lakh crore for the whole nation and Rs 1.8 lakh crore for Tamil Nadu and Puducherry.

published on : 4th January 2023

Buoyant tax collections cushion Govt on fiscal front, ITR reforms likely next year

Going forward, the government may also look at stricter tax deduction norms for e-commerce and online service providers, besides online gaming.

published on : 25th December 2022

Net direct tax collections for FY23 soar 20% till 17 Dec  

Of the total advance taxes collected till 17 December 2022, corporate taxes accounted for R 3,97,364 crore, while personal taxes accounted for R1,23,936 crore.

published on : 19th December 2022

Non-resident taxpayers to manually file Form 10F by March 31 for claiming TDS benefit: Centre

The Central Board of Direct Taxes (CBDT) had in July made it mandatory for non-resident taxpayers to file Form 10F electronically to claim the benefit of lower Tax Deducted at Source (TDS).

published on : 14th December 2022

I-T dept serves notice on Labour Min Gummanur Jayaram’s wife over benami land

Addressing the media on Thursday, Jayaram, however, denied it was a benami property.

published on : 2nd December 2022
1 2 3 4 5 6 >