income
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50 per cent of income taxpayers to opt for new regime

According to experts, changes proposed in the Budget 2023-24 have certainly made the new tax regime more attractive, but it is not good enough to pull 50% of the existing taxpayers to the new regime.

published on : 3rd February 2023
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I-T raids: Officials find ‘proof’ of tax evasion

Searches continue at residences, offices of Rajapushpa, Muppa & others; Vasudha MD summoned by I-T officials

published on : 3rd February 2023
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Can Budget 2023 give a strong impetus to growth and job creation?

India's potential growth is not 6.5%, but closer to 8%. Has Budget 2023 done enough to achieve that?

published on : 2nd February 2023
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Gain or bane: Know what industry experts feel baout budget 2023

With the Union Budget presented by the Finance Minister Nirmala Sitharaman on Wednesday, we speak to industry experts who weigh in on how this budget affects their sectors as well as the people.

published on : 2nd February 2023
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Budget 2023: Rs 10,000 minimum threshold on TDS removed

The beneficiary is required to show this amount when filing Income Tax Return and non-reporting can lead to penalty of upto 200 per cent of  the tax amount.

published on : 2nd February 2023
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Embellishing the BJP’s political capital

The most significant talking point of the general budget was the marked increase in the income tax rebate limit for the salaried middle class.

published on : 2nd February 2023
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Budget 2023: Mighty dragon slayer of ills holding back the Indian economy

Until now, the middle class was told they were important and nice, but got the second place all the time. That changed on Wednesday with Sitharaman's five tax announcements...

published on : 1st February 2023
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Budget 2023: No income tax up to Rs 7 lakh under new tax regime

Nirmala Sitharaman said that in 2020, the new personal income tax regime with six income slabs was introduced starting from Rs 2.5 lakh.

published on : 1st February 2023
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India has made significant progress in many SDGs: Finance Minister

The efforts of the government since 2014 have ensured better quality of life for citizens of the country, Sitharaman added.

published on : 1st February 2023
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I-T raids on prominent construction companies of Telangana

51 teams participated in the searches at the offices, residences of promoters and top officials of construction firms

published on : 1st February 2023
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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
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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
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Time to organise yourself this Republic Day

If you are new to investing, you must start by educating yourself on personal finance. The first principle is understanding that merely saving money is not enough to tackle inflation.

published on : 23rd January 2023
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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
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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
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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
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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
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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
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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
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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
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