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BJP says to revise income tax brackets if re-elected

BJP is widely expected to win but with a smaller mandate, mainly due to a shortage of jobs and weak farm prices.

8 April 2019 2:04 PM IST

The raids were conducted by a team of officials, who arrived from Delhi, at Kakkads residence in Vijay Nagar area here and other places associated with him, sources in the I-T department said. (Photo: Twitter/ ANI)

I-T raids at Kamal Nath's aide residence, other premises

They said documents seized during the searches were being scrutinised in detail.

7 April 2019 10:40 AM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Income Tax return forms for AY 2019-20 notified

Individuals, firms and companies have to file returns for the income earned in 2018-19 during the course of current...

5 April 2019 3:46 PM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Income tax e-filers drop by over 6.6 lakh in FY19: Official data

Kotak Economic Research in an April 30 report said: "We are surprised with the decline in income tax e-filing in...

6 May 2019 11:41 AM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Budget may hike I-T exemption threshold, levy 40 pc tax on income over...

The pre-Budget survey 2019-20 conducted by KPMG (India) included responses from 226 respondents spanning across...

30 Jun 2019 12:36 PM IST

Two Pakistani troopers were killed by the Indian Army in response to ceasefire violations along the LoC in Tangdhar sector of Jammu and Kashmir. (Representational Image | PTI)

'Disability pension taxable if personnel retired under normal...

The pension will be non-taxable only to those personnel who have retired due to any kind of disability.

26 Jun 2019 9:34 AM IST

She should really apologise for having commented so badly both on the private life of the Prime Minister and in general about all women in the BJP, Sitharaman said. (Photo: ANI)

IT dept issued Rs 64,700 cr refund between Apr 1-Jun 18, 2019:...

In a written reply to a question in the Lok Sabha, she said over 6.49 crore electronic returns were submitted for...

24 Jun 2019 2:16 PM IST

The ranks of the officials included Principal Commissioner, Commissioner, Additional Commissioner, and Deputy Commissioner of Central Board of Indirect Taxes and Customs (CBIC). (Photo: File)

Amid allegations of corruption, Centre forces 15 more senior tax...

This action comes a week after a similar purge when 12 officials of the department were forced to resign.

18 Jun 2019 3:26 PM IST

The training has been organised by the Central Vigilance Commission (CVC) and sources say there is a rush of eligible CVOs vying to be nominated for inclusion in the group.

123 government employees need to be prosecuted but CVC awaits sanction

According to norms, sanction for prosecution has to be decided within four months.

10 Jun 2019 3:35 PM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Assocham for raising tax exemption limit to Rs 5 lakh in Budget

The government is scheduled to present its first full Budget on July 5, for the current financial year.

9 Jun 2019 11:19 AM IST

Former Reserve Bank of India governor Bimal Jalan

Higher tax for high earners may trigger fund flight: ex-RBI governor

Analysts and traders say this has been a major reason for foreign investors being net sellers from Indian equity...

29 July 2019 8:22 PM IST

The Income Tax Department has detected undisclosed income of over Rs 10,000 crore in fiscal 2017-18, thus recording a 20 per cent surge over the previous fiscal.

Govt targets to add 1.3 crore income tax filers this fiscal

Thakur said 46,13,91,168 Permanent Account Numbers (PANs) have been allotted as on July 30, 2019.

23 July 2019 8:54 AM IST