Tag: Income Tax
Income Tax Officials Raid Residence Of Bengal Minister’s Brother
The Income Tax Department has been conducting massive raids at the residence of Swarup Biswas, the younger brother of West Bengal Power and Housing Minister, Aroop Biswas, since Wednesday morning.....
99% Pensioners Will Get OROP Benefits By January-end: Parrikar
Defence Minster Manohar Parrikar on Tuesday said that around 20 lakh pensioners have been paid the benefits of One Rank One Pension so far, and more than 99 per cent of cases will be settled by January-end.....
1 Taxpayer Owes 11% Of India's Individual Income Tax In 2014-15
An unnamed taxpayer owed the government Rs 21,870 crore (over $3 billion) for the assessment year 2014-15, which was 11 per cent of they income tax to be paid by all Indians, according to 2016 data, the latest available, from the Income Tax Department.....
Finance Ministry May Present Union Budget On February 2
There are reports that Finance Ministry Arun Jaitley might present the Union Budget 2017-18 on Thursday Februray 2, instead of Wednesday due the passing away of a sitting MP E Ahamed.....
Ford India Sold 14,259 Units In January
Car maker Ford India on Thursday said it sold 14,259 vehicles last month.....
Trump Wrote Off $100 Million In Business Losses
US President Donald Trump's tax affairs were back in the spotlight after leaked 2005 returns showed he wrote off more than $100 million in "business losses" to reduce his federal taxes burden.....
I-T Department Names Tax Defaulters Owing Rs 448.02 Crore
Tightening the noose on major tax defaulters, the Income Tax Department on Saturday made public the names of individuals and corporates who owe Rs 448.02 crore in taxes to the government.....
Declare Black Money By March 31 Or Face Penalty: Warns I-T Dept
With the scheme to declare unaccounted income coming to an end on March 31, the income tax department on Friday warned black money holders to make use of the remaining period or face penalty.....
I-T Searches Yielded Rs 49,247 Crore: Minister
Income Tax Department searches resulted in unearthing undisclosed income and assets worth Rs 49,247 crore in the last four years, Parliament was informed on Friday.....
It's Demonisation That Won, Not Demonetisation: Kapil Sibal
Targeting the BJP government at the Centre, senior Congress leader and former Union Minister Kapil Sibal on Monday said that it is "demonisation" and not demonetisation that succeeded (in the recent state assembly elections).....
