Page 48 - Income Tax

Oberoi Realty, Capacite Infra stocks fall on Income Tax search buzz

The stock has fallen 5.84 per cent since Tuesday

Direct Tax Code 2.0: Task force for big relief to individual taxpayers

Income tax payers earning up to Rs 55 lakh per annum may end up with a major tax relief

Tax dispute limits doubled for appeals in high courts, Supreme Court

The limits for filing appeals in the Income Tax Appellate Tribunal (ITAT) have been more than doubled

J&K loses special status: Google tax may be levied in new Union Territory

The equalisation levy was introduced in June 2016, but not through an amendment in the Income Tax Act despite being a form of direct tax

Revenue department to brief PMO on Rs 1.67-trillion tax shortfall

Despite a cut in the income tax collection target in the full Budget compared to the interim Budget projections, the target is far from realistic

From price hikes to tax sops: How Union Budget 2019 will impact you

While fuel and gold are set to get more expensive, the Budget proposes tax sops on affordable housing and electric vehicle loans

I-T dept 'elephant' running amok to meet revenue shortfall: Rahul Gandhi

Congress leader Rahul Gandhi on Monday hit out at the Modi government, alleging that the Income Tax Department is "running amok"in a bid to meet India's revenue shortfall. "The FM (Nirmala Sitharaman) said in her budget speech that an elephant should take just 2 pounds of rice & not trample the entire paddy field," Gandhi said in a tweet. "Meanwhile, the IT dept elephant is running amok in a bid to meet India's revenue shortfall," he said. Gandhi also shared media reports alleging that "tax terrorism" was hurting India's growth.

Surcharge hike may stop overseas fund managers from shifting to India

Several fund professionals based in India could also relocate to other jurisdictions, resulting in a brain drain

Dividend income, partnership firms two ways to reduce income tax liability

Most tax experts and chartered accountants say their high-net-worth clients are rattled

ITR 2019-20: A simple step-by-step guide to filing your income-tax return

Good news is that the income-tax department has extended the last date for filing ITR from July 31 to August 31, 2019

Reader's corner: How to check status of refund from income tax department

You will not be able to claim a credit of such TDS until the tenant completes the formalities

In pictures: July 24 celebrated as annual Income Tax Day from this year

Income tax was introduced for the first time in India on July 24, 1860, by James Wilson to compensate for the losses made by the British during the first war of independence

New deduction on affordable homes benefits loans with longer tenures

Joint owners would not be able to get the additional tax deduction due to caveats

FAQs: 10 key things you must know about income-tax return (ITR) filing

What are income-tax returns? Must you file them? What if you did not? What are the benefits of filing an ITR? How do you get a refund for any excess tax deducted? Find answers to all your questions

$30 billion wiped off stock in 3 sessions as doubts on higher tax lingers

The realisation that the new tax rate applies not just to the super rich but also to trusts - a structure of choice for a large number of foreign funds that invest in the nation

Google, Facebook made Rs 10,000 crore; paid Rs 200 crore as tax in India

Modi government plans to bring companies that derive revenues from Indian users but pay taxes elsewhere into the corporate tax net

If it moves, tax it: Desperation creeps into Indian economic policy-making

As with its tax grab, India's desperate focus on short-term fiscal fixes risks doing greater damage in the long term

I-T dept eyes NRIs' residential status, reopens tax assessments of 5 years

The department has pulled up people who evaded tax and were sent notices a month ahead of Budget 2019

India's highest personal tax rate still lower than those in China, US: Govt

Following the increase in surcharge, the effective income tax rate for individuals with taxable income of Rs 2-5 crore will go up from 35.88 per cent to 39 per cent

Budget impact: Super-rich tax hits 1,000 executives in corporate India

Overall, 901 listed companies had 1,720 officials earning more than Rs 1 crore in FY18