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Income Tax

Senior citizens with taxable income up to Rs 5 lakh can seek TDS exemption on bank interest

Earlier, the limit for seeking Tax Deducted at Source (TDS) exemption was Rs 2.5 lakh.

May 24, 2019, 13:03 PM IST

I-T raids are attempts by PM Modi to influence elections, says Jayadev Galla

Income tax sleuths on Tuesday raided different locations related to Telugu Desam Party (TDP) MP Jayadev Galla. While speaking to mediapersons, he said, “It is happening at three locations where my election team was staying. I am demanding an explanation on why we are being targeted."

Apr 10, 2019, 13:16 PM IST

5W1H: Watch top news with research and latest updates, 9th April,2019

This is a special segment of 5W1H by Zee News which brings to you news with research and latest updates. Watch this video to know more.

Apr 09, 2019, 17:20 PM IST

5W1H: Illegal transaction of Rs 753 crore in 4 states: IT Department

According to IT department, Illegal transaction of Rs 753 crore took place in 4 states.

Apr 09, 2019, 16:32 PM IST

ITR forms for AY 2019-20 notified – Complete list of ITR forms and their usage

The last date of filing Income Tax Return (ITR) is July 31 for those who are not required to get their accounts audited.

Apr 05, 2019, 17:33 PM IST

Income Tax department notifies ITR forms for AY 2019-20

While there has been no change in ITR-1 or Sahaj, which is to be filled by the salaried class, some sections in ITR 2, 3, 5, 6 and 7 have been rationalised.

Apr 05, 2019, 15:35 PM IST

IT,GST offices open on March 31 to facilitate filing of tax returns

Income Tax department can impose a minimum penalty of Rs 3000, but it can increase upto Rs 2.5 lakh depending upon the amount you have avoided in returns.

Mar 31, 2019, 09:26 AM IST

Watch DNA with Sudhir Chaudhary, 01 February, 2019

Watch the complete segment of DNA with Sudhir Chaudhary, 01 February, 2019 This segment of DNA brings to you analysis of top news of the day.

Feb 01, 2019, 23:38 PM IST

Watch Daily News and Analysis with Sudhir Chaudhary, Budget Special

Watch the complete segment of DNA with Sudhir Chaudhary, Budget Special. This segment of DNA brings to you analysis of top news of the day.

Feb 01, 2019, 23:22 PM IST

Morning Breaking: Watch top news with research and latest updates, Feb 01, 2019

This is a special segment of Morning Breaking by Zee News which brings to you news with research and latest updates. Watch this video to know more.

Feb 01, 2019, 08:32 AM IST

Raise income tax exemption limit to Rs 8 lakhs, demands Shiv Sena

The Shiv Sena Thursday demanded that income tax exemption limit be raised from 2.5 lakh to Rs 8 lakh after the Parliament passed the bill to give 10 per cent quota to economically weaker sections.

Feb 01, 2019, 08:13 AM IST

En masse issue of prosecution notices to small cos for minor TDS default misleading: CBDT

CBDT said that some defaulter companies and vested interests are deliberately misleading the media to thwart action against themselves.  

Jan 22, 2019, 14:11 PM IST

Tax on Durga Puja? Mamata Banerjee tells committees to ignore IT department

Many Durga puja committees in Kolkata have been told by the IT department to file TDS. "Are Tirupati Balaji, Golden Temple, Jagannath Temple, Siddhi Vinayak Temple, Ajmer Sharif going to be taxed too?" asked the West Bengal CM.

Jan 11, 2019, 16:21 PM IST

Direct tax-GDP ratio of 5.98% during FY18 best in 10 years: FinMin

It was 5.57 percent in 2016-17 and 5.47 percent in 2015-16.

Jan 02, 2019, 15:45 PM IST

Net direct tax collection grows 15.7% to Rs 4.89-lakh crore: CBDT

This marks over 42 percent of the full-year direct tax collection target of Rs 11.5 lakh crore for the fiscal ending March 31, 2019.

Oct 22, 2018, 18:13 PM IST

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

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

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'

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

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