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17 March 2020, Tuesday

ತೆರಿಗೆ ಉಳಿಸೋಕೆ ಲಾಸ್ಟ್ ಛಾನ್ಸ್..!

ತೆರಿಗೆ ಉಳಿಸೋಕೆ ಲಾಸ್ಟ್ ಛಾನ್ಸ್..! ಅಯ್ಯ ...

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Over Rs 2,000 Crore Uncovered In Income Tax Raids In Andhra, Telangana

Friday, February 14, 2020, 11:58 AM

Over Rs 2,000 Crore Uncovered In Income Tax Raids In Andhra, Telangana

The Income Tax department has said searches conducted over the last week at premises belonging to three infrastructure firms based in Andhra Pradesh and Telangana have led to the detection of unaccounted income of more than Rs 2,000 crore. Search and seizure raids were carried out on February 6 at Hyderabad, Vijayawada, Cuddapah, Visakhapatnam, Delhi and Pune. More than 40 premises were covered.

Article

 

10 February 2020, Monday

Are New Income Tax Slabs a Good Idea?

Many people were expecting the Income Tax Slabs to be reduced. Many middle-class people were expecting tax deduction and tax exemptions to be raised. ...

Article

 

07 February 2020, Friday

Why ELSS is a Great Investment?

Its tax season and investors are in a hurry to invest in ELSS schemes. ELSS invests more than 80-90% in equity (stocks). Equity is a great investment ...

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Income Tax Slab: You Will Now Pay Rs 1.95 Lakh In Tax On Rs 15 Lakh Income In This Case

Tuesday, February 4, 2020, 8:01 AM

Income Tax Slab: You Will Now Pay Rs 1.95 Lakh In Tax On Rs 15 Lakh Income In This Case

According to Budget 2020 proposals, annual gross income of Rs 15 lakh will lead to a tax liability of Rs 1.95 lakh, but there's a catch: the assessee has to give up a range of income tax exemptions and deductions (including Section 80C). First things first, the new income tax slabs proposed in Budget 2020 are optional, subject to certain conditions.

Article

 

31 January 2020, Friday

Key Expectations from Union Budget 2020

The Union Budget 2020 will be presented tomorrow. From the common taxpayer to the tax expert, everyone is talking about it. Let’s take a look at ...

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Saturday, January 25, 2020, 9:14 AM

"Excessive Tax Is Social Injustice By Government": Chief Justice SA Bobde

With only a-few-days to go for the Union-Budget, CJI SA Bobde asked the central-government to take steps to reduce the tax-burden on citizens and ensure the country's all-round development. Speaking at an event held to mark the 79th-Foundation-ceremony of the Income-Tax-Appellate-Tribunal in the national capital, Chief-Justice Bobde said that "excessive taxation" can be seen as a form of social injustice imposed on the people.

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Income tax dept warns taxpayers of phishing mails

Thursday, January 23, 2020, 12:32 PM

Income tax dept warns taxpayers of phishing mails

The income tax department periodically issues warnings to taxpayers about ways to safeguard themselves against frauds. On Thursday, it sent an email to taxpayers informing them about the genuine sources (email, SMS, and websites) from which they will receive any sort of official communication. This information is also there on the homepage of the income tax department's website.

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Income Tax searches at premises of Bharat Hotels, Cargo Motors Group

Monday, January 20, 2020, 11:39 AM

Income Tax searches at premises of Bharat Hotels, Cargo Motors Group

The Income Tax Department has launched searches at multiple locations of the Bharat Hotels Limited group and a leading automobile dealer in connection with a tax evasion probe, officials said on Monday. They said about 8 premises linked to Bharat Hotels CMD Jytosna Suri and promoters of Cargo Motors, dealers of Tata vehicles, are being searched in and around the national capital.

News

 
Labourer gets Income Tax demand notice of Rs 1.05 crore!

Saturday, January 18, 2020, 12:39 PM

Labourer gets Income Tax demand notice of Rs 1.05 crore!

A labourer in Maharashtra recently got a shock of his life when the Income Tax department sent him a notice to pay Rs 1.05 crore as income tax for the assessment year 2017-18 to the government. The notice said that Ahire had an undisclosed amount of Rs 21,00,000 and Rs 56,81,000 as other deposits in his bank account.

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