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Income Tax Exemption Of The Board

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IT Dept detects 'tax evasion worth crores' in raids linked to SP

The Income Tax Department detected bogus expenditure claims and alleged transfer of share capitals worth crores of rupees through shell companies after it recently raided some entities in Karnataka......

'Disability pension of armed force was being misused'

The latest circular which clarified the eligibility for availing disability pension by armed forces personnel was issued after data analytics found that the provision meant for the needy was being......

Ahead of poll, Chh'garh CM announces allowance for jobless youth

In a major announcement ahead of the Chhattisgarh assembly polls due this year-end, Chief Minister Bhupesh Baghel on Thursday said unemployed youth will be given a monthly allowance in the state......

Don't have ITR of political parties: I-T dept to RTI activist

The income tax department has given a "contradictory" response when asked for tax returns of political parties under the Right to Information Act, by first saying that the information is not held......

IAF releases details of recruitment plan under Agnipath scheme

The Indian Air Force on Sunday released details on the recruitment plan under the Centre's new Agnipath scheme including eligibility criteria, age limit, educational qualifications, period of......

Budget: 25% I-T Slab, Higher Rebate Likely

'If our Budget allows, we may implement both measures -- making income up to Rs 10 lakh tax-free and introducing a 25 per cent slab for income between Rs 15 lakh and Rs 20 lakh.' Illustration:......

Economists see reforms in the air ahead of Budget

Following the lacklustre growth numbers in the second quarter (Q2FY25), economists believe the upcoming Union Budget for 2025-26 should focus on reforms that will stimulate consumption,......

Income tax exempted on employee's Covid treatment

The government on Friday extended the deadlines for various income tax compliances and said the amount paid by an employer to employees for Covid-19 treatment would be tax exempt. IMAGE: Kindly......

Are I-T Returns Details Private?

Disclosing an individual's income-tax returns is tantamount to violating the person's fundamental right to privacy as recognised by the Constitution. IMAGE: Kindly note the image has been posted......

Personal income tax to GDP ratio rises to 2.94% in FY22

Personal income tax as a percentage of GDP has gone up from 2.11 per cent in 2014-15 to 2.94 per cent in 2021-22 fiscal, indicating that taxpayer base is widening as a result of the steps taken by......

Here is why BCCI can't help other sports...

‘Our IT Exemption has been cancelled and that's preventing us from helping other sports’ ‘We have never taken a penny from the government but have built world class facilities at......

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