Latest News on Income Tax
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Income Tax - Total results - 566
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Oct 22, 2018
Average income of salaried, non-salaried and corporate taxpayers rises over last 3 years, says CBDT
While the number of salaried taxpayers has increased from 1.70 crore (assessment year 2014-15) to 2.33 crore (AY 2017-18), average income declared by the salaried taxpayers has gone up by 19 percent from Rs 5.76 lakh to Rs 6.84 lakh -
Oct 22, 2018
Net direct tax collection grows 15.7% to Rs 4.89-lakh cr till third week of October: CBDT
Rs 4.89-lakh cr accounted for 42 percent of the full-year direct tax collection target of Rs 11.5 lakh crore for the fiscal ending 31 March, 2019 -
Oct 22, 2018
Over 1.40 lakh crorepatis in India, up by 60% in last four years reveals income tax data
Releasing key statistics of income tax and direct taxes for a period of about four years, the policy-making body of the IT department said the number of individual taxpayers earning over Rs 1 crore annually had seen a growth of about 68 percent. -
Oct 20, 2018
Ahead of Telangana polls, unaccounted cash worth Rs 10 crore seized at toll plaza; 2 held
Unaccounted cash to the tune of Rs 10 crore was seized and two persons arrested in this connection in Telangana's Adilabad district, police said Saturday. The incident occurred Friday evening at Pipparawada toll plaza bordering Maharashtra -
Oct 13, 2018
I-T raids on Delhi minister Kailash Gahlot: Ex-AAP member Neil Terrance Haslam backs charges of financial misappropriation
AAP faces the challenge of answering questions raised by ex-party member Neil Terrance Haslam pertaining to alleged financial irregularities by Kailash Gahlot. -
Oct 05, 2018
Aadhaar verdict: A labyrinth that raises more questions than it attempts to answer
All of us have been asked to trust a story in which Aadhaar data security is never breached. -
Oct 04, 2018
Gross direct tax collection grows 16.7% to Rs 5.47 lakh cr in Apr-Sep: Finance ministry
Net tax collections (after adjusting for refunds) have increased by 14 percent to Rs 4.44 lakh crore during April, 2018 to September, 2018. -
Oct 03, 2018
Walmart submits details of tax deducted from each Flipkart investor to Income Tax Department
After Walmart deposited Rs 7,439 crore tax, the income tax department asked Walmart to explain the rationale followed while deducting or not deducting taxes from Flipkart shareholders. -
Sep 28, 2018
TDS regime under GST takes off from 1st October 2018: Government procurements alone targeted for the time being
The TDS rate is 2 percent on the value of goods or services supplied ignoring GST. And there is an exemption from TDS requirement for the value of contract not exceeding Rs 2,50,000 -
Sep 21, 2018
Trouble mounts for Jet Airways as Income Tax Department finds evidence of inflated expenditure by airline
The Mumbai Directorate of Income-Tax investigation wing had conducted the survey at four business premises of Jet Airways in Mumbai and Delhi
