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Individual tax payers get relief of Rs 50 K in Jaitley’s Budget

Individual tax payers get relief of Rs 50 K in Jaitley’s Budget

Last Updated: Thursday, July 10, 2014, 19:22

Finance minister scaled down his own wishlist and proposed only Rs 50,000 relief for individual tax payers.

Union Budget 2014-15: How it will affect you?

Union Budget 2014-15: How it will affect you?

Last Updated: Thursday, July 10, 2014, 15:48

Investment limit under Section 80C of the Income-Tax Act has also been raised from Rs 1 lakh to Rs 1.5 lakh which will encourage savings to some extent.

Union Budget 2014-15: Tax exemption limit raised to Rs 2.5 lakh

Last Updated: Thursday, July 10, 2014, 13:34

The proposal, according to an estimate, is likely to be benefit about 2 crore tax payers.

Budget 2014-15 (OVERVIEW): Income Tax exemption limit raised to Rs 2.5 lakh

Budget 2014-15 (OVERVIEW): Income Tax exemption limit raised to Rs 2.5 lakh

Last Updated: Thursday, July 10, 2014, 10:10

Bringing cheer to individual taxpayers, Finance Minister Arun Jaitley in his maiden Union Budget 2014-15 in Parliament on Thursday, raised personal tax exemption limit to Rs 2.5 lakh from the current Rs 2 lakh.

Sonia Gandhi says I-T notice in National Herald case a political witch-hunt

Last Updated: Wednesday, July 09, 2014, 14:01

Congress president Sonia Gandhi confirmed that her party has been served notices by the Income Tax department in a case that alleges she and other party leaders misappropriated funds of a company that used to publish the now-defunct National Herald newspaper.

BJP MP Giriraj Singh`s house robbed; 4 arrested, 1.14 crore cash seized

Last Updated: Wednesday, July 09, 2014, 09:46

Four persons were on Tuesday arrested in connection with a burglary in BJP MP Giriraj Singh`s house in Patna and Rs 1.14 crore cash, 600 US dollars, gold and silver jewellery and six luxury watches purportedly stolen were also recovered from them.

SC gives CBI three-month deadline to get details on NGOs I-T returns

Last Updated: Tuesday, July 08, 2014, 11:49

The Supreme Court on Tuesday granted three months time to the Central Investigation Bureau (CBI) to provide information related to filing of Income Tax returns by the NGOs registered in the country.

New intel units, 800 personnel to check service tax evasion

Last Updated: Sunday, July 06, 2014, 19:06

The Finance Ministry has cleared creation of new intelligence units across the country and appointment of over 800 personnel to check any leakage in its earnings from the indirect tax.

Taxpayers to get quick SMS, email updates on refunds, filing

Last Updated: Sunday, July 06, 2014, 18:30

The Income Tax department will soon start updating taxpayers about the status of their I-T refunds and processing of certain tax statements by sending real-time SMSes and emails, on similar lines as that of credit card and bank transactions at present.

Ensure better services to encourage people to pay taxes: Naidu

Last Updated: Friday, July 04, 2014, 01:07

Urban Development minister M Venkaiah Naidu on Thursday said that Urban local bodies should be made viable and use taxes collected from the people to ensure quality services.

Taxpayers to share their email-id, cell phone in I-T returns

Last Updated: Thursday, July 03, 2014, 22:17

Taxpayers filing their I-T returns this year will now have to share their email-id and mobile phone number with the tax department

Hike income tax exemption limit to Rs 3 lakh: PwC

Last Updated: Thursday, July 03, 2014, 20:53

The budget should raise basic exemption limit to Rs 3 lakh from Rs 2 lakh and also introduce a special basic exemption for women at Rs 3.25 lakh beyond which they will come into the tax bracket, the consultancy firm said.