"income-tax"

For salaried employees, this nil tax limit will be Rs 12.75 lakh per annum, after taking into account a standard deduction of Rs 75,000

The government will also be introducing new Income Tax (I-T) bill in Parliament next week: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman announces the Foreign Direct Investment (FDI) in the insurance sector will be increased to 100 per cent from 74 per cent

If a person misses the extended deadline also because of genuine reasons then s/he can ask the Income Tax authorities to excuse the delay. But, if done wilfully, the taxpayer has to face penalties

Failing to file the returns could result in consequences, including legal notices, penalties, etc.

Asks SC to declare the TDS system manifestly arbitrary, irrational and against Articles 14 (right to equality), 19 (right to practice profession) and 21 (right to life and personal liberty) of the Constitution

Linking your PAN with Aadhar card can help you escape the double tax deduction at source. Do it by May 31.

The man P Laxman Ram (45), a resident of Tamilnadu was carrying the cash in his bag when the GRP Secunderabad police caught him during checking at the railway station.

New Tax Regime (Section 115BAC(1A)) Introduced in Finance Act 2023, Contrasts with Old Regime sans Exemptions

The Income Tax Department Gathers Financial Transaction Data from Various Sources.

The right-arm spinner hit the strides immediately sending down 10 dots and conceding only two fours in his spell.

The I-T department conducted simultaneous searches on the residences of Majeed Khan, Chairman of the Kohinoor Group of Companies.

The Appeal has been filed against the order of the Income Tax Tribunal allowing relief to the company on various disallowances and additions made by the Income Tax Department," Mahindra & Mahindra said in a filing.

He added that "all knows that this particular move by the authorities (Income Tax) had political overtures and am surprised why you (media) are not looking into that aspect".

The participants engaged in policy-oriented discussions on available best practices, sharing knowledge and expertise to explore innovative solutions in tax deduction, according to a statement.

The court dismissed the application and the appeal, pointing out the importance of adhering to the law of limitation and expressing the need for government officials to act with due expedition.

BCCI has paid Rs 1,159 crore income tax in the 2021-22 fiscal, 37 per cent higher than the previous year

Beware, scamsters can pose as IT officers and target gullible people

More than four crore income tax returns have been filed so far for fiscal 2022-23 and more than half of them have been processed leading to issuance of 80 lakh refunds, CBDT chairperson Nitin Gupta said

Principal Chief Commissioner of Income Tax, Telangana and Andhra Pradesh, Mitali Madhusmita said monitoring of the returns filed has revealed several taxpayers having claimed refunds as high as 75 per cent to 90 per cent of the TDS deducted by the employer