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Defence Minister Nirmala Sitharaman said that two senior officers whose named are mentioned in the purported letter have denied signing it. (Image: ANI twitter)

Govt panel recommends major changes in income tax slab rates

The proposals include lowering the personal income tax for those earning between Rs 10-20 lakh to 20 per cent.

28 Aug 2019 9:13 PM IST

Reacting on Gandhis reply in Supreme Court, Defence Minister Nirmala Sitharaman said, His credibility has taken a beating. (Photo: Twitter/ ANI)

Govt to review surcharge on super-rich in 2022: Sitharaman

Govt increased surcharge from 15 per cent to 25 per cent on taxable income between Rs 2 crore and Rs 5 crore.

24 Aug 2019 12:26 PM IST

Sitharaman passed the onus of the slowing economy on US-China trade war and currency devaluation. (Photo: ANI)

Enhanced surcharge on FPIs removed: Sitharaman

Surcharge on long and short term capital gains from transfer of equity shares has been withdrawn, said FM Nirmala...

23 Aug 2019 6:32 PM IST

Startups have also appealed that the government should also consider eliminating Minimum Alternate Tax for startups, which are DIPP certified.

Small startups with turnover up to Rs 25 cr to get promised tax...

Since the intention was to support the small startup, the turnover limit of Rs 25 crore was considered reasonable, CBDT...

22 Aug 2019 8:18 PM IST

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

Task force on Direct Tax Code submits report to FM

The details of the report, however, could not be known immediately.

19 Aug 2019 5:51 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.

7 benefits of filing your income tax return

To avoid penal actions, ensure that you file your income tax return on or before the August 31, 2019 deadline.

14 Aug 2019 2:53 PM IST

Addressing a Martyrs Day rally, the Trinamool Congress (TMC) supremo Mamata Banerjee slammed the Bharatiya Janata Party (BJP). (Photo: Twitter/ ANI)

TDS is 'Terrible Disaster Scheme', CBDT's clarification is factually...

She demanded the taxation be withdrawn and said that the festival should be allowed to be celebrated with its usual...

14 Aug 2019 10:31 AM IST

Addressing a Martyrs Day rally, the Trinamool Congress (TMC) supremo Mamata Banerjee slammed the Bharatiya Janata Party (BJP). (Photo: Twitter/ ANI)

TMC to protest against IT notices to Dura Puja committees

TMC Chief also said that the Trinamool Congress Banga Janani Wing will be sitting on dharna on Tuesday, August 13...

11 Aug 2019 3:51 PM IST

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

Keep these 5 things in mind while filing Income Tax Return

As many salaried taxpayers got their Form 16 late, ITR deadline was extended by a month to August 31.

6 Aug 2019 3:23 PM IST

V.G. Siddhartha

Business failures shouldn't be tabooed: Sitharaman on V G Siddhartha's...

Sitharaman said that businessmen should get honourable exit or resolution to the problem in letter and spirit of the...

2 Aug 2019 9:14 AM IST

No one was harassed, only followed norms against V G Siddhartha: I-T...

I-T dept also questioned his signature on the purported letter, which surfaced hours after Siddhartha went missing.

1 Aug 2019 12:30 PM IST

Govt to take call on relief in income tax at appropriate time: Thakur

There has been a clamour for raising income tax exemption limit to push demand and consumption to boost economy.

26 Sept 2019 3:36 PM IST