Income Tax-act

Showing of 61 - 80 from 113 results
Income Tax-act - Total results - 113
Budget 2018: Reduction in corporate tax, long term gains tax will make investments in SME stocks lucrative
Business

Budget 2018: Reduction in corporate tax, long term gains tax will make investments in SME stocks lucrative

The value of these companies or SMEs will increase as the future earnings projections will go up because of the reduced tax

Budget 2018: Will FM Arun Jatley give requisite push to resolve stressed assets issue?
Business

Budget 2018: Will FM Arun Jatley give requisite push to resolve stressed assets issue?

The trend in the stressed assets reveals that major stressed sectors are infrastructure, iron and steel, textiles, aviation and mining.

I-T Department to issue notices to 4 to 5 lakh HNIs trading in bitcoin and other virtual currency for tax evasion
News & Analysis

I-T Department to issue notices to 4 to 5 lakh HNIs trading in bitcoin and other virtual currency for tax evasion

The trigger for the action is understood to be the huge spike being registered in the value of bitcoin and other virtual currency in the recent past.

In reply to Shashi Tharoor's suggestion, govt says it will examine Rs 5 lakh tax exemption proposal for pensioners
Business

In reply to Shashi Tharoor's suggestion, govt says it will examine Rs 5 lakh tax exemption proposal for pensioners

MoS for Finance Shiv Pratap Shukla in a letter says proposal for pensioners would be examined during exercise for ensuing Union Budget 2018

Govt to simplify income tax laws, sets up task force under taxman Arbind Modi to study overhaul
Business

Govt to simplify income tax laws, sets up task force under taxman Arbind Modi to study overhaul

The move, which is aimed to make direct taxes - income and corporate - simple, comes ahead of BJP-led government's last full Budget.

NRIs, PIOs don't need to link their bank accounts and PAN with Aadhaar, says UIDAI
Business

NRIs, PIOs don't need to link their bank accounts and PAN with Aadhaar, says UIDAI

NRIs and PIOs are not required to link bank accounts and other services with Aadhaar, Unique Identification Authority of India (UIDAI) said on Friday

Himachal Pradesh Assembly Election 2017: Surveillance teams to monitor undisclosed cash, says CEO
Politics

Himachal Pradesh Assembly Election 2017: Surveillance teams to monitor undisclosed cash, says CEO

Static and mobile surveillance teams will keep a close eye on the flow of cash during the Assembly polls in Himachal Pradesh, the Election Commission said on Sunday.

Aadhaar-PAN linking: Will the deadline be extended until year-end? Finance ministry to decide today
Business

Aadhaar-PAN linking: Will the deadline be extended until year-end? Finance ministry to decide today

The tax department had on 31 July stated that "unless a finding is made that Aadhaar is constitutionally not valid, tax return filers will need to link their PAN with Aadhaar by August 31, 2017"

Siddaramaiah cries foul over timing of Income Tax raids on DK Shivakumar
India

Siddaramaiah cries foul over timing of Income Tax raids on DK Shivakumar

Karnataka Chief Minister Siddaramaiah on Friday questioned the timing of the Income Tax (IT) raids

Income Tax Act making Aadhaar mandatory is not discriminatory and doesn't create two classes: SC
Business

Income Tax Act making Aadhaar mandatory is not discriminatory and doesn't create two classes: SC

The apex court said the validity of an legislative act cannot be challenged by creating artificial classes by those who are objecting to a particular provision

SC stay on Aadhaar-PAN linkage: There is still hope for privacy, Section 139AA detractors
India

SC stay on Aadhaar-PAN linkage: There is still hope for privacy, Section 139AA detractors

Despite the huge delay in setting up the Aadhaar-privacy Constitution Bench, Section 139AA and Aadhaar Act are yet to stand more stringent tests.

SC says Aadhaar card must from 1 July for filing Income tax, obtaining new PAN card
India

SC says Aadhaar card must from 1 July for filing Income tax, obtaining new PAN card

The CBDT on Saturday made it clear that Aadhaar will be a "must" for filing of Income Tax Returns or for obtaining a new PAN from 1 July.

Aadhaar-PAN linkage caught in privacy issue: Govt needs to show urgency to resolve the concern
Business

Aadhaar-PAN linkage caught in privacy issue: Govt needs to show urgency to resolve the concern

The government is certainly right in pointing out that “the uniqueness of Aadhaar helps in elimination of duplicates and fakes from any beneficiary database

SC puts brake on Aadhaar-PAN linkage, but tone of the judgement favours govt decision
Business

SC puts brake on Aadhaar-PAN linkage, but tone of the judgement favours govt decision

The Supreme court has upheld the power of the Parliament to pass any law which mandates linking of the PAN number and Aadhaar number

Aadhaar-PAN linking: Supreme Court verdict vindicates government's stand, says Mukul Rohtagi
India

Aadhaar-PAN linking: Supreme Court verdict vindicates government's stand, says Mukul Rohtagi

Attorney General Mukul Rohtagi termed the Supreme Court verdict upholding linking of the Aadhaar number with the PAN as vindicating the government's stand

Congress asks government to look into security issues concerning use of Aadhaar
India

Congress asks government to look into security issues concerning use of Aadhaar

The Congress said on Friday that the government needs to look at security issues concerning use of Aadhaar.

Parliament's competence to make Aadhaar mandatory under Income Tax Act can't be questioned: SC
India

Parliament's competence to make Aadhaar mandatory under Income Tax Act can't be questioned: SC

The Parliament's competence to make Aadhaar mandatory under the Income Tax law cannot be questioned only because Aadhaar is not mandatory under the statute.

Introduction of Aadhaar into the tax regime can tackle the menace of corruption and black money: SC
News & Analysis

Introduction of Aadhaar into the tax regime can tackle the menace of corruption and black money: SC

The court said that Aadhaar may also facilitate law enforcement agencies to take care of problem of terrorism.

SC says the Parliament cannot be questioned on making Aadhaar mandatory under the IT Act
News & Analysis

SC says the Parliament cannot be questioned on making Aadhaar mandatory under the IT Act

The IT Act provides for mandatory quoting of Aadhaar or the Aadhaar enrolment ID for filing of income tax returns with effect from July 1 this year.

Aadhaar-PAN linkage: No conflict between Aadhaar Act and IT Act, rules SC; relief to govt
Business

Aadhaar-PAN linkage: No conflict between Aadhaar Act and IT Act, rules SC; relief to govt

The SC acknowledged the fact that invalidating PAN cards of citizens who have not linked Aadhaar number to PAN by the stipulated date (ie, 1 July, 2017) will have severe consequences.