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Income Tax Act
World  /  Published 07.11.22

Arms dealer to be extradited

60-year-old faced two expulsion requests from Indian authorities, first related to money laundering and second to tax evasion...
By PTI in London

Business  /  Published 18.09.22

Direct tax kitty grows

For April-September, advance tax collection grew 17 per cent to Rs 2.95 lakh crore...
By PTI in New Delhi

Business  /  Published 11.04.22

Investment options for senior citizens

The returns are available on a quarterly basis and interest is at 7.4 per cent per annum with a tenure of 5 years...
By The Telegraph

Business  /  Published 22.03.22

No loss set-off against gains on another crypto

Crypto players had expected the set-off especially after the industry was slapped with a 30 per cent tax on income from the transfer of virtual digital assets...
By A Staff Reporter in Calcutta

Business  /  Published 14.03.22

More power for tax surveys

This is a retrograde step and is likely to cause harassment to the business community: Narayan Jain...
By A Staff Reporter in Calcutta

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Business  /  Published 12.02.22

Alternative tax regime falters

It was introduced in 2020 under section 115BAC of the Income Tax Act...
By A Staff Reporter in Calcutta

Business  /  Published 24.01.22

Proposal to hike standard deduction

Finance minister may also consider measures such as extending the LTC cash voucher scheme, relief on work-from-home expenses and deduction for Covid treatment...
By R. Suryamurthy in New Delhi

Business  /  Published 19.01.22

Flawed IT reassessment notices quashed

The tax department’s capricious plan to harass taxpayers by extending the validity of a tax provision by 3 months was grounded in the so-called Relaxation Act of 2020...
By Pinak Ghosh in Calcutta

Business  /  Published 27.12.21

Cairn Energy drops lawsuits

As part of the settlement, the company — which is now known as Capricorn Energy PLC — has initiated proceedings to withdraw suits filed in several jurisdictions...
By PTI in New Delhi

Business  /  Published 14.12.21

Demo tax revoke call

The rates were raised through an amendment to section 115BBE of Income Tax Act from assessment year 2017-18 following demonetisation...
By A Staff Reporter in Calcutta


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