Income tax
- India
Union finance min Sitharaman introduces Income Tax Bill 2025
Union Finance Minister Nirmala Sitharaman tabled the income tax bill 2025 in the Lok Sabha on Thursday, February 13. The Bill was tabled amid pushback from the Opposition leaders demanding discussion over…
- India
Revised income tax law to eliminate obsolete, redundant provisions: Experts
New Delhi: The revised income tax law is expected to be clear, concise, consistent and supplemented with illustrative examples to aid understanding and interpretation by various stakeholders, which will also eliminate obsolete…
- Hyderabad
Income tax relief may boost housing demand in Hyderabad
Hyderabad: The income tax relief announced during the Union Budget 2025 is likely to boost housing demand in Hyderabad. According to a report by the real estate services company ANAROCK, though a…
- Business
Govt may introduce new income tax bill on Feb 6
New Delhi: After the revision in tax slabs in the Union Budget 2025-26 to leave ‘enough money in the hands’ of taxpayers, the government is likely to unveil the much-anticipated draft of…
- India
Cuts in income tax rates, higher tariffs on gold likely in Budget 2025-26
New Delhi: Mild cuts in personal Income Tax rates to boost consumption and concessional Corporate Tax scheme for manufacturing hubs and FDIs to push the ‘Make in India’ strategy are likely in…
- India
Union Budget 2025 may introduce changes in income tax slabs
New Delhi: Global financial services company Nomura on Thursday said the Centre will focus on both fiscal consolidation and growth-supportive measures in the upcoming Union Budget for 2025-2026, predicting that the government…
- India
ED raids at Kingston Engineering College conclude after two days
Chennai: The Enforcement Directorate (ED) raids at Kingston Engineering College, owned by DMK MP Kathir Anand, in Tamil Nadu’s Vellore, ended on Sunday after two days. Anand, a two-term MP from the…
- India
Budget 2025-26: CII seeks cut in income tax
New Delhi: Apex business chamber CII on Monday urged Finance Minister Nirmala Sitharaman to reduce personal income tax for individuals earning up to Rs 20 lakh per annum, introduce a three-tier customs…
- Hyderabad
Hyderabad: Unidentified persons booked for impersonating IT officials
Hyderabad: The Cybercrime police on Thursday, September 26 booked unidentified persons for impersonating income tax officials from Telangana and Andhra Pradesh (AP). The individuals created a fake profile on WhatsApp using the…
- Hyderabad
IT dept raids at house of news channel founder in Hyderabad
Hyderabad: In a significant development, the Income Tax (IT) department conducted raids in Hyderabad at the residence of Bolla Ramakrishna, the founder of a prominent news channel, located in Rainbow Vista, Kukatpally.…
- News
New record of over 7.28 cr income-tax returns filed: Tax dept
New Delhi: A new record of over 7.28 crore income tax returns was filed by the July 31 deadline, the income tax department said on Friday. The income tax returns (ITRs) filed…
- India
Today is last day for ITR filing: Who must file to avoid penalty?
Today is the last date for filing the Income Tax Return (ITR) for the assessment year 2024-25 to avoid a late fee penalty. As of July 26, over 5 crore ITRs have…
- India
Govt imposes stringent norms to obtain clearance certificate before leaving India
Indian residents may need to obtain a clearance certificate from income tax authorities in compliance with the Black Money Act, to leave India, effective from October 1, 2024. This is to ensure…
- India
Relief for salaried class under new tax regime; 50 per cent hike in standard deduction
New Delhi: In sops for the middle class, Finance Minister Nirmala Sitharaman on Tuesday hiked standard deduction by 50 per cent to Rs 75,000 and tweaked tax slabs under the new income…
- India
Union Budget 2024: Standard deduction hiked, income tax rates announced
Standard deduction have been hiked and rates of new income tax slabs have been announced by the Union Finance Minister Nirmala Sitharaman while presenting her seventh consecutive Union Budget on Tuesday, which…
