Page 2 - I-t Act

Trustees of PM CARES appoint SARC & Associates as auditor of fund

Opposition parties have questioned how the PM CARES Fund is being kept out of the audit purview of the Comptroller and Auditor General (CAG).

Realty firms can't move price below circle rate; want changes in I-T law

Circle rate is the minimum value that state governments have set for the sale or transfer of a plot, built-up house, apartment or commercial property

I-T dept may sell two dozen properties in FY20 over huge maintenance costs

These are located in prime locations in Delhi, Mumbai, Chennai, Bengaluru

New direct tax code panel report to overhaul I-T Act delayed by 15 days

This is the second extension for the taskforce under the CBDT member Akhilesh Ranjan

Maneka Gandhi urges FM to not tax assets gifted to wives, amend I-T Act

The provision to tax the gifted assets was originally formulated in 1960s under the assumption that wives and daughters-in-law would normally