Income tax
- India
I-T dept conducts raids in bogus tax deductions case
New Delhi: The Income-Tax Department on Monday launched multi-city raids as part of a tax evasion probe against those entities which assist certain individuals avail bogus deductions in their returns by claiming…
- Business
Income Tax Dept releases excel utilities for ITR-2, ITR-3 forms
New Delhi: The Income Tax Department on Friday released the excel utilities for ITR-2 and ITR-3 forms which can be used by taxpayers who have taxable capital gains, crypto income, and others…
- Business
India poised to become 3rd-largest economy by 2030: Hardeep Puri
New Delhi: India has recently overtaken Japan and is poised to become the third-largest economy by 2030, overtaking Germany, Union Petroleum Minister Hardeep Singh Puri has said. In the past 11 years,…
- Middle East
Oman to impose 5 pc income tax on high earners
Muscat: Oman will implement a 5 percent income tax on individual whose annual earnings exceeds 42,000 Omani riyals (Rs 94,57,768) from January 1, 2028. This move makes Oman the first GCC country…
- India
SC Collegium recommends transfer of Justice Kumar to Madras HC
New Delhi: The Supreme Court collegium has recommended transfer of Justice Tadakamalla Vinod Kumar to the Madras High Court from the Telangana High Court. The collegium, headed by Chief Justice of India…
- Hyderabad
IIT Hyderabad recognized as Institute of National Eminence
Hyderabad: The Indian Institute of Technology Hyderabad (IIT Hyderabad) has achieved a significant milestone as it has been declared an Institute of National Eminence by the government of India. The recognition comes…
- Hyderabad
CBI registers case against six, including five Hyderabad-based income tax officials
Hyderabad: The Central Bureau of Investigation (CBI) has registered a case against six individuals, including five Hyderabad-based officials of the Income Tax Department—two Income Tax Inspectors and three Senior Tax Assistants. The…
- India
New Income Tax Bill to be introduced in monsoon session: FM Sitharaman
New Delhi: The new Income Tax Bill will be discussed in the Parliament’s monsoon session, Finance Minister Nirmala Sitharaman told Lok Sabha on Tuesday. The Income-tax Bill of 2025, which will replace…
- Telangana
FGG questions Telangana govt paying income tax for CM, ministers
Hyderabad: The Forum for Good Governance (FGG) has challenged the practice of the state government paying income tax for the chief minister, deputy chief minister, ministers, and other officials holding cabinet rank.…
- Bollywood
Shah Rukh Khan wins major tax case as ITAT overturns ruling
Mumbai: Bollywood superstar Shah Rukh Khan has won a major legal battle. The Income Tax Appellate Tribunal (ITAT) ruled in his favor, canceling a tax reassessment for the financial year 2011-12. This…
- India
Income Tax bill proposes to grant officials access to your email, social media
The Income Tax bill, introduced in February 2025, significantly expands tax authorities’ powers beyond the Income Tax Act, 1961 and allows officials to access assessees’ email and social media accounts. As per…
- Telangana
Centre’s new IT Bill poses threat to digital privacy: KTR
Hyderabad: Bharat Rashtra Smaithi (BRS) working president KT Rama Rao (KTR) on Friday, March 7 said that the Centre’s new Income Tax Bill poses a threat to digital privacy of citizens. KTR…
- India
Union finance min Sitharaman introduces Income Tax Bill 2025
Union Finance Minister Nirmala Sitharaman tabled the income tax bill 2025 in the Lok Sabha on Thursday, February 13. The Bill was tabled amid pushback from the Opposition leaders demanding discussion over…
- India
Revised income tax law to eliminate obsolete, redundant provisions: Experts
New Delhi: The revised income tax law is expected to be clear, concise, consistent and supplemented with illustrative examples to aid understanding and interpretation by various stakeholders, which will also eliminate obsolete…
- Hyderabad
Income tax relief may boost housing demand in Hyderabad
Hyderabad: The income tax relief announced during the Union Budget 2025 is likely to boost housing demand in Hyderabad. According to a report by the real estate services company ANAROCK, though a…
