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No income tax on salary deducted if notice period not served

No income tax on salary deducted if notice period not served

Portions of salary which were deducted by a company for not serving out a notice period will not be brought to tax.

Three Tamil Nadu ministers booked for 'obstructing' Income Tax officers

Three Tamil Nadu ministers and two others were on Friday booked by police on charges of threatening and obstructing Income Tax officers from performing duties during searches, including at a minister's residence, here last week.

Banned notes worth Rs 14.80 crore found at ex-corporator's home in Bengaluru - Watch

Banned notes worth Rs 14.80 crore found at ex-corporator's home in Bengaluru - Watch

V Nagaraj, popularly known as "Bomb Naga", is alleged to have been involved in converting black money into white by exchanging old currency notes since they were banned on November 8.

Paying rent to kin for tax relief? Now, you will have to furnish proof of rent payment

Paying rent to kin for tax relief? Now, you will have to furnish proof of rent payment

Tax payers cannot be granted exemptions on house rent allowances (HRA) against sham rent payments to their kins.

RK Nagar by-polls: DMK for dismissal of Palaniswami Govt

Following the cancellation of the by-polls in Chennai`s R.K. Nagar constituency, the Dravida Munnetra Kazhagam (DMK) on Monday demanded the dismissal of Edappadi K. Palaniswami-led Tamil Nadu Government and immediate action against the culprits.

Income tax collection from Mumbai falls below target in FY17

Income tax collection from Mumbai falls below target in FY17

The Mumbai income tax zone, which contributes a third of the nationwide direct tax collection, has missed the revenue mop-up target for FY17 by a whisker, a department official has said.

I-T raids against Tamil Nadu Health Minister, others; Vijayabasker says it`s 'harassment'

I-T raids against Tamil Nadu Health Minister, others; Vijayabasker says it`s 'harassment'

Tamil Nadu Health Minister C Vijayabasker is a prominent loyalist of AIADMK (Amma) faction's candidate TTV Dinakaran.

Furnishing fake rent receipt to lower tax burden? Not anymore

Furnishing fake rent receipt to lower tax burden? Not anymore

The assessing officer can now demand proof — such as leave and licence agreement etc.

Items getting costlier and cheaper from April 1 – Here's the list

Items getting costlier and cheaper from April 1 – Here's the list

From the next fiscal year, that is from today, a lot of things of your daily needs as well as things of your comfort are going to get dearer.

I-T dept makes public list of defaulters owing Rs 448 crore

I-T dept makes public list of defaulters owing Rs 448 crore

The Income Tax department on Sunday released a list of 29 entities owing Rs 448.02 crore in taxes as part of its strategy to name and shame large defaulters.

'No proposal to replace income tax with transaction tax'

'No proposal to replace income tax with transaction tax'

There is no proposal to replace income tax with the banking cash transaction tax, Parliament was informed on Friday.

Taxes under GST ''to increase a bit'', says CBEC Chairman

Taxes under GST ''to increase a bit'', says CBEC Chairman

While the effective rate of indirect taxes under the new Goods and Services Tax (GST) regime still remains unclear, as fitment in tax slabs is under way, the Central Board of Excise and Customs (CBEC) has said that taxes were likely to "increase a bit" from the current level.

Lower tax rates possible when all pays dues: Goyal

Lower tax rates possible when all pays dues: Goyal

The government can lower tax rates if people pay their dues sincerely, Union Power Minister Piyush Goyal said on Friday.

Former CBI chief A.P. Singh refutes corruption charges

Coming out defiantly against the allegation of being involved in a corruption case related to meat exporter Moin Qureshi, former Central Bureau of Investigation (CBI) chief A.P. Singh on Thursday said majority of chats between him and the former took place after his retirement.

Know how you can get PAN within minutes, pay taxes via mobile app

Know how you can get PAN within minutes, pay taxes via mobile app

People will soon be able to pay taxes and track their returns through a smartphone app and get a new PAN within minutes using Aadhaar verification.

Soon you will receive PAN in few minutes, pay income tax using smartphone

Soon you will receive PAN in few minutes, pay income tax using smartphone

In the latest addition to the list of measures taken by the government to make filing of taxes easy for the taxpayers, the Central Board of Direct Taxes (CBDT) is working on a plan to issue PAN in just few minutes using Aadhaar's e-KYC facility.