Saturday, August 15, 2020

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income tax

PM Modi to launch ‘Transparent Taxation’, direct tax reforms to benefit taxpayers, ease the process

PM Narendra Modi will today launch 'Transparent Taxation', a drive intended to bring benefits for the taxpayers and ease the process of compliance for honest taxpayers.

Govt to probe violations by Sonia Gandhi headed Rajiv Gandhi Foundation and others, Home Ministry sets up committee

The committee will coordinate probe into violation of various legal provisions of PMLA, Income Tax Act, FCRA etc by these foundations. Special Director of Enforcement Directorate will head the committee.

Income Tax Department clarifies that PM Narendra Modi was correct when he said only 1.5 crore people pay income tax

To dispel false allegations against PM, the Income Tax department has clarified that only 1.5 crore people paid income tax

Did PM Modi actually claim only 2200 people declared income over 1 crore? Or some people just did not listen properly?

PM Modi mentioned that in a country of more than 130 crore people, only 1.5 crore people pay Income Tax. Even from the 1.5 crore people, the number of people announcing income of over 50 lakhs is just 3 lakhs.

Two Income Tax regimes with and without deductions, which one is better for you? A ready reckoner

A comparative analysis between the new tax regime without exemptions and old income tax regime with exemptions and deductions

Budget 2020: Dual tax regime, a complicated tax structure that may require professional help

Finance Minister Nirmala Sitharaman today announced a new dual regime of taxation for individuals and HUF (Hindu Undivided Family). This is first time in Income tax where such dual regime would be applicable. 

Govt clarifies Income Tax for NRIs, says only those NRIs who are not residents of any country will be taxed in India

If any NRI is not a resident of any country in the world, he'll be deemed to be a resident of India for Income Tax

Budget 2020: Here is the list of exemptions that taxpayers will have to give up in the new optional tax regime

In the Budget 2020 speech, the FM announced a new optional tax regime for taxpayers of the country.

Budget 2020: Here is all you need to know about new optional personal tax regime where the govt foregoes Rs. 40,000 crores in revenue

Finance Minister Nirmala Sitharaman has proposed a new income tax regime for the country

A Taxpayer Charter will be enshrined into the laws, harassment of taxpayers will not be tolerated: Finance Minister during budget speech

Tax harassment can’t be tolerated when we are talking about citizens and wealth creators, FM said

Latest News

Govt of India announces list of soldiers and police officials who will be honoured with Gallantry awards on Independence Day

The president of India will honour brave soldiers and law enforcement officials with Gallantry awards on the 74th Independence Day

While trying to hide its links to China by targeting the BJP, Congress depicts Japanese PM Shinzo Abe as Chinese President

The Congress party in its latest goof up has depicted Japanese PM Shinzo Abe as the Chinese President in an effort to target the BJP.

Former SP leader Shahzeb Rizvi arrested by UP police for announcing ₹51 lakh bounty on Dalit youth’s head for ‘blasphemy’

An FIR was filed under IPC section 153-A and 5052) against Shahzeb Rizvi for the video announcing bounty on Naveen's head

‘Shut up or else, you will also be put to sleep forever’, mother of deceased actress Jiah Khan accuses director Mahesh Bhatt of intimidating...

Rabia Khan, mother of deceased actress Jiah Khan, accused Mahesh Bhatt of being a 'mouthpiece' of the Bollywood mafia.

‘Sarajuddin, Istak and Shehenshah killed Rohit and dumped him in a well’: Family in Bihar’s Chhapra alleges police inaction against accused

The Chhapra police have filed an FIR against the local BJP leader and several others for demanding action against the accused.

Recently Popular

He may have flings with actresses, but is not a murderer: Subramanian Swamy says Aditya Thackeray has nothing to do with Sushant Singh Rajput’s...

Swamy said in the Q and A session that some other powerful persons are involved in the death of Sushant Singh Rajput, and Aditya is not one of them.

Former SP leader Shahzeb Rizvi announces bounty of Rs 51 lakh on Karnataka Congress MLA’s nephew Naveen’s head for ‘blasphemous’ Facebook post

Shahzeb Rizvi said that whoever beheads Naveen for insulting the Prophet and brings his head will be given a bounty of Rs 51 lakh

Bengaluru: Amidst chants of ‘Allah Hu Akbar’ and ‘Nara e Taqbeer’, Muslim mob burns down police station, Dalit Congress MLA’s residence over Facebook post...

Angered over Dalit Congress MLA's nephew's alleged Facebook post on Prophet Mohammad, rioting Muslim mob went on a rampage in Bengaluru

Karnataka: Controversy erupts after SP pressurises priests to place photo of Jesus Christ inside the Garbhagriha of Hindu temple

The temple priest has apologised for the incident and said that they did not have any evil intentions to hurt any religious sentiments

Wikipedia page on Bengaluru violence calls it a ‘clash’, refuses to identify rioters as Muslims: Here are the reasons given by the ‘editors’

On the 11th of August, when Hindus of the country celebrated Janmashtami, a Muslim mob indulged in violence in Bengaluru after being offended by a Facebook post that was allegedly against the Prophet of Islam.

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