Income tax
- India
Relief for salaried class under new tax regime; 50 per cent hike in standard deduction
New Delhi: In sops for the middle class, Finance Minister Nirmala Sitharaman on Tuesday hiked standard deduction by 50 per cent to Rs 75,000 and tweaked tax slabs under the new income…
- India
Union Budget 2024: Standard deduction hiked, income tax rates announced
Standard deduction have been hiked and rates of new income tax slabs have been announced by the Union Finance Minister Nirmala Sitharaman while presenting her seventh consecutive Union Budget on Tuesday, which…
- Telangana
Telangana HC issues notices to CS on govt paying CM, ministers’ tax
Hyderabad: The Telangana High Court has issued notices to the Chief Secretary and Principal Secretary of the General Administration Department, directing them to respond to a Public Interest Litigation (PIL) that challenges…
- India
I-T sleuths raiding Congress functionary’s house to defame me: Shivakumar
Kanakapura: Karnataka Deputy Chief Minister D K Shivakumar on Wednesday said the Income Tax sleuths were raiding the houses of Congress block presidents to defame him and to obstruct them from election…
- Kolkata
No search of helicopter in WB, Abhishek wasn’t present: I-T sources
New Delhi: As a row erupted over the TMC’s claim of a “raid” by income tax officials targeting a helicopter used by party general secretary Abhishek Banerjee, I-T department sources claimed on…
- Kolkata
IT officials raided Abhishek’s helicopter in Kolkata, claims TMC
Kolkata: The Trinamool Congress on Sunday said its general secretary Abhishek Banerjee’s helicopter was raided by Income Tax officials in Kolkata’s Behala flying club and alleged this was part of a deliberate…
- Chennai
Tamil Nadu: IT conducts searches at DMK leader’s premises
Tirunelveli: Income Tax officials on Thursday conducted searches at the premises of senior DMK leader and former Speaker R Avudaiyappan here, sources said. He is the DMK’s District Secretary for Tirunelveli (East)…
- Business
Income Tax Dept throws open e-portal for filing ITRs
New Delhi: Central Board of Direct Taxes (CBDT) on Thursday said that has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24)…
- India
PAN fraud: MP student gets IT notice after firm carries out transactions of Rs 40 cr
Gwalior: A university student in Gwalior in Madhya Pradesh approached police after he got an Income Tax notice over transactions of more than Rs 40 crore done by a company created fraudulently…
- India
Congress’s accounts not frozen, recovery of Rs 135 cr made: Officials
New Delhi: The Income Tax department has not frozen the Congress’ bank accounts, as charged by the opposition party, but has made a recovery of Rs 135 crore because of its violations…
- News
Telangana should stop paying income tax for ministers: FGG to CS
The Forum for Good Governance (FGG) sent a letter to Telangana’s Chief Secretary on Wednesday, March 20, emphasizing the need for the state government to stop paying income tax on the behalf…