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Income
India  /  Published 07.08.20

'List all expenses in matrimony dispute'

Brand of mobile, wristwatch, pen, wages of maid, expenditure incurred on functions and festivals are among a long list of details which a husband and wife, embroiled in matrimonial dispute, will now h...
By PTI  in New Delhi

India  /  Published 25.07.20

50,000 fake recipients in Odisha farm scheme

More than 50,000 people have been identified as fake beneficiaries of Naveen Patnaik’s flagship Krushak Assistance for Livelihood and Income Augmentation (Kalia) scheme for farmers. These ineli...
By Subhashish Mohanty in Bhubaneswar

Business  /  Published 23.07.20

Voda: Rs 833cr in refunds

Cash-strapped Vodafone Idea secured a significant relief on Wednesday when the Supreme Court dismissed a petition filed by the income tax department and asked it to refund Rs 833 crore to the operator...
By Our Special Correspondent in New Delhi

Business  /  Published 19.07.20

Detailed tax form to aid e-filing of returns

The Central Board of Direct Taxes (CBDT) on Saturday said the improved form 26AS, which will give a more comprehensive statement of transactions done by a taxpayer, will “facilitate voluntary co...
By Our Special Correspondent in New Delhi

India  /  Published 14.07.20

Jaipur: raids amid Congress turmoil

The income tax department and the Enforcement Directorate on Monday morning conducted raids in Jaipur as Rajasthan chief minister Ashok Gehlot was getting ready for a show of strength at his residence...
By Imran Ahmed Siddiqui in New Delhi

Business  /  Published 06.07.20

TDS forms seek more disclosures

The income tax department has amended the TDS form, making it more comprehensive and mandating deductors to state reasons for non-deduction of tax. According to the amended form, banks will also have...
By PTI in New Delhi

Business  /  Published 05.07.20

E-commerce: tax shock for players

The income tax department has brought in changes to the challan for payment of equalisation levy — ITNS 285 — expanding its scope to include non-resident e-commerce companies supplying goo...
By Our Bureau in Calcutta/New Delhi

Business  /  Published 19.01.20

Income tax cut poses challenge

The government is assessing the pros and cons of choosing between a cut in personal income tax or raising expenditure in welfare schemes as it looks to beef up growth which is expected to come at an 1...
By R. Suryamurthy in New Delhi

Business  /  Published 18.11.19

Chaos under new tax system

The income tax department has jumped the gun by reorganising its human resources for faceless tax assessment before the process has fully taken off. This has created a skewed distribution of workload ...
By Pinak Ghosh in Calcutta

India  /  Published 11.10.19

PM advisor expects deep tax cuts

The head of the Prime Minister’s Economic Advisory Council has forecast that the government will substantially reduce personal income taxes to spur demand and boost economic growth which is at a six...
By The Telegraph in New Delhi


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