Thursday, May 28, 2020

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income tax

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

Watch: Bundles of currency were showered from building during DRI raid in Kolkata

Officials from the DRI said a search in a private office of Hoque Merchantile Pvt Ltd, on that floor, was underway when the incident occurred.

Income Tax Tribunal rejects plea by Gandhis in National Herald tax evasion case, says Young Indian is not a charitable organisation

Income Tax tribunal held that Young Indian's activities cannot be termed charitable and ordered to reopen the Rs 100 crore tax file

Latest News

LAC standoff: Chinese ambassador, foreign ministry insist on ‘dialogues’, experts say de-escalation has begun

The aggressive posturing by India in response to Chinese decision to intimidate the country along the LAC, perhaps, made Chinese to seek for a de-escalation of matter.

Mumbai: BJP MLA files petition in HC, questions the constitutional validity of Uddhav government’s gag order on citizens

The 23c May order also indirectly bans all criticism of the Maharashtra government led by Uddhhav Thackeray as one of the clauses in the prohibitory order says that messages that incite “mistrust towards government functionaries and their actions taken to control Covid-19” will also be acted against.

Pakistan rants, issues statement ‘condemning’ the commencement of construction of Ram Mandir at Ayodhya

In the statement issued by Pakistan, the commencement of the construction of Ram Mandir at Ayodhya was 'condemned'

SC asks central govt to identify private hospitals which were given free land, directs those hospitals to treat Coronavirus patients for free

The Bench headed by CJI SA Bobde observed that the hospitals that were given free lands should treat Coronavirus patients for free

Maharashtra forest department mulls sterilizing tigers in Chandrapur district to control population: Report

The forest department in Maharashtra plans to sterilise 20 male tigers, apart from trans-locating 50 other tigers

Recently Popular

Journalist Rana Ayyub lies, shares a video on Instagram to claim a passenger on-board Shramik train had died of hunger

The Railways sources have clarified that the woman was suffering from a prolonged illness

Paatal Lok changes the morphed image with BJP leader where he is shown next to corrupt character after he files a complaint against Anushka...

Days after BJP MLA Nandkishore Gurjar filed a complaint against Amazon Prime series Paatal Lok producer Anushka Sharma for using a morphed image of himself without his permission, the producers have changed the image.

Did you know about Nehru’s tribal ‘wife’?

She inaugurated a dam, when her life took a troublesome turn

1100-year-old monolithic sandstone Shivling unearthed in Vietnam’s Cham temple complex in My Son Sanctuary

The 9th-century fully intact Shivling is part of a complex of Hindu temples which were constructed by the Champa Empire between 4th century CE and 13th century CE.

‘Yeh bhaiya bataiye ki vaccine kab aayegi’, Rahul Gandhi’s question to public health expert triggers another joke fest on Twitter

Twitter users speculated whether Rahul Gandhi was asking for vegetable or grocery items to a local vendor.

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