Income Tax

IT Department raids TDP leader CM Ramesh's house

IT Department raids TDP leader CM Ramesh's house

The Income Tax (IT) Department carried out raids at Telugu Desam Party's MP CM Ramesh's house on Friday. 

Oct 13, 2018, 00:08 AM IST
IT officials seize 'key documents' from Revanth Reddy's house

IT officials seize 'key documents' from Revanth Reddy's house

Income Tax officials on Friday seized some key documents from the residences and offices of Telangana Congress Working President A Revanth Reddy and his close relatives.

Sep 28, 2018, 18:20 PM IST
Interest payable on rupee bonds issued abroad by Indian cos exempt from income tax

Interest payable on rupee bonds issued abroad by Indian cos exempt from income tax

The interest would be exempt on rupee denominated bond issued outside India during the period from September 17, 2018, to March 31, 2019.

Sep 18, 2018, 10:53 AM IST
SC slams IT department, says apex court is not a 'picnic place'

SC slams IT department, says apex court is not a 'picnic place'

The IT department apparently made a misleading statement about the pendency of an appeal.

Sep 02, 2018, 17:10 PM IST
71 per cent surge in ITRs filed till August; tax filers jump 8-fold

71 per cent surge in ITRs filed till August; tax filers jump 8-fold

The total number of ITRs e-filed up to August, 2018, was 5.42 crore as against 3.17 crore up to August 31, 2017

Sep 02, 2018, 08:21 AM IST
Income Tax returns deadline extended to September 15 for flood-hit Kerala

Income Tax returns deadline extended to September 15 for flood-hit Kerala

Income Tax assessees in Kerala can now file their I-T returns till September 15.

Aug 28, 2018, 21:20 PM IST
Income Tax tribunal gives major tax relief to Saif Ali Khan

Income Tax tribunal gives major tax relief to Saif Ali Khan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to Bollywood actor Saif Ali Khan from paying taxes on notional rental income from a vacant apartment in the megapolis.

Aug 28, 2018, 17:20 PM IST
No relief for Rahul Gandhi in National Herald case, says Delhi HC

No relief for Rahul Gandhi in National Herald case, says Delhi HC

Rahul Gandhi and his mother Sonia Gandhi are major stakeholders in Young India which has acquired Associated Journals Limited (AJL). National Herald newspaper was published by AJL.
 

Aug 08, 2018, 16:59 PM IST
Govt extends due date for filing ITR by one month till August 31

Govt extends due date for filing ITR by one month till August 31

The decision comes days ahead of the July 31 deadline.

Jul 26, 2018, 18:18 PM IST
MS Dhoni becomes biggest income tax payer in Jharkhand

MS Dhoni becomes biggest income tax payer in Jharkhand

Former Indian cricket team captain Mahendra Singh Dhoni has become the biggest income tax payer in Jharkhand, by paying income tax of Rs 12.17 crore in financial year 2017-18. According to a report in Prabhat Khabar, the firebrand cricketer has also deposited Rs 3 crore as advance tax for the next financial year.

Jul 24, 2018, 09:01 AM IST
Income Tax returns of 50 rich Indians, who bought Nirav Modi jewellery, to be re-assessed

Income Tax returns of 50 rich Indians, who bought Nirav Modi jewellery, to be re-assessed

The Income Tax Department has decided to re-assess the ITRs of over 50 high net-worth individuals who purchased costly jewellery from firms owned by absconding diamantaire Nirav Modi.

Jul 14, 2018, 16:39 PM IST
Cash, cars and properties worth crores: IT raids on Noida Authority engineer reveals riches galore

Cash, cars and properties worth crores: IT raids on Noida Authority engineer reveals riches galore

Documents of as many as 22 properties belonging to Brijpal Yadav were discovered - apart from cash, jewelleries and cars.

Jun 09, 2018, 14:54 PM IST
Taxpayers receiving pension from ex employers eligible for Rs 40,000 standard deduction

Taxpayers receiving pension from ex employers eligible for Rs 40,000 standard deduction

Rs 40,000 standard deduction for salaried employees and pensioners was introduced in lieu of the exemption in respect of transport and medical expenses.

Apr 06, 2018, 13:13 PM IST
New ITR forms for 2018-19 notified by CBDT, some fields 'rationalised'

New ITR forms for 2018-19 notified by CBDT, some fields 'rationalised'

The policy-making body of the tax department said on Thursday that some fields have been "rationalised" in the latest ITRs forms.

Apr 05, 2018, 23:36 PM IST
Last day to file IT return today: Here’s what you need on your checklist

Last day to file IT return today: Here’s what you need on your checklist

With the fiscal year closing on Saturday - March 31, 2018, various tax related matters have to be completed by the end of the day. This is the last day of the current fiscal year, and if you have not completed important tax-related tasks, now is the time to do it.

Mar 31, 2018, 10:55 AM IST
10 key Income Tax rules will change from April 1 – All you should know

10 key Income Tax rules will change from April 1 – All you should know

Know how the change in Income Tax rules will impact you.

Mar 30, 2018, 08:39 AM IST
ITR not filed for 2 years? Know how to file belated ITR, penalty, deadline and more

ITR not filed for 2 years? Know how to file belated ITR, penalty, deadline and more

Income Tax Department has fixed March 31, 2018 as the last date to file tax returns for AY 2016-2017 and 2017-2018.

Mar 22, 2018, 07:40 AM IST
Direct Tax collections for FY 2017-18 show growth of 19.5 percent up to February 2018

Direct Tax collections for FY 2017-18 show growth of 19.5 percent up to February 2018

High growth was recorded in corporate and personal income taxes.

Mar 08, 2018, 22:47 PM IST
Budget 2018: All about changes in Income Tax slabs and how it will impact you

Budget 2018: All about changes in Income Tax slabs and how it will impact you

Finance Minister Arun Jaitley has introduced a number of changes that will impact the income tax you pay.

Feb 27, 2018, 16:50 PM IST
Key tax changes that will come into effect from April 1 – All you should know

Key tax changes that will come into effect from April 1 – All you should know

Check out 10 key tax changes that will come into effect from April 1

Feb 21, 2018, 07:55 AM IST

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