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Income of thousands, hit with tax notice for crores!

A man earning Rs 15,000 salary got an income tax notice of Rs 33.88 crore, another making Rs 8,500 was slapped with a notice of Rs 3.87 crore and a third Rs 7.79 crore. IMAGE: Kindly note that......

Salaries, allowances, pensions of MPs hiked; monthly income rises to...

The Centre on Monday notified a 24 percent hike in the salaries of members of Parliament with effect from April 1, 2023, on the basis of the Cost Inflation Index, taking their monthly salaries to......

Seized cash, gold worth Rs 52 cr belonged to MP ex-cop, claims ED

The Enforcement Directorate Wednesday said cash and gold worth about Rs 52 crore seized from an abandoned SUV in Madhya Pradesh last year "belonged" to former state transport department constable......

BJP issues three-line whip to MPs to be present in Parl on Friday

Bharatiya Janata Party on Thursday issued a three-line whip to all of its Lok Sabha MPs asking them to be present in the House for the passing of the Union Budget 2025-26. IMAGE: Proceedings of......

All About Vanuatu, Which Rejected Lalit Modi

Where on Earth is Vanuatu? IMAGE: Lalit Modi. Photograph: Kind courtesy Lalit Modi/X This question has been bothering many since former Indian Premier League chairman Lalit Modi announced that he......

Now you can help in drafting Income-Tax rules

Central Board of Direct Taxes on Tuesday said stakeholders can send their inputs for drafting Income-tax rules and related forms pertaining to the proposed Income Tax Bill, 2025. Illustration:......

Panel to examine Income Tax Bill constituted

Lok Sabha Speaker Om Birla on Friday constituted a 31-member Select Committee of the lower house to examine the Income Tax Bill. Illustration: Dominic Xavier/Rediff.com To be headed by Bharatiya......

Sitharaman introduces New Income Tax Bill in LS

Union Finance Minister Nirmala Sitharaman introduced the Income Tax Bill, 2025, in the Lok Sabha on Thursday and urged Speaker Om Birla to refer it to a select committee of the House. Photograph:......

No income tax up to Rs 12 lakh under new regime

Individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax regime as Finance Minister Nirmala Sitharaman on Saturday gave relief to middle class by raising......

New Income Tax Bill likely to be tabled in Par on Thursday

A crispier and simplified Income Tax Bill 2025, having 536 sections, and 23 chapters running into 622 pages, is likely to be introduced in the Lok Sabha on Thursday. Illustration: Dominic......

Real Madrid coach Ancelotti's tax evasion trial begins

IMAGE: The prosecutor is seeking a prison term of four years and nine months for Ancelotti and a fine of 3.2 million euros. Photograph: Ana Beltran/Reuters Real Madrid coach Carlo Ancelotti told a......

Rediff News

Income Tax

News for Income Tax

Income of thousands, hit with tax notice for crores!

Salaries, allowances, pensions of MPs hiked; monthly income rises to...

Seized cash, gold worth Rs 52 cr belonged to MP ex-cop, claims ED

BJP issues three-line whip to MPs to be present in Parl on Friday

All About Vanuatu, Which Rejected Lalit Modi

Now you can help in drafting Income-Tax rules

Panel to examine Income Tax Bill constituted

Sitharaman introduces New Income Tax Bill in LS

No income tax up to Rs 12 lakh under new regime

New Income Tax Bill likely to be tabled in Par on Thursday

Real Madrid coach Ancelotti's tax evasion trial begins

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