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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......

Trump tariffs: 'This is not a tax cut, this is a tax hike'

Indian-American members of the US Congress and the diaspora community criticised the reciprocal tariffs imposed by President Donald Trump, calling them "reckless and self-destructive”, urging......

HC orders Customs to ensure old jewellery of flyers are...

The Delhi high court has directed Customs officials to ensure that old and personal jewellery of travellers, including ornaments being worn by them during travel, are not unnecessarily detained at......

US tariffs: India not in a hurry, to follow wait and watch approach

India will wait and watch the situation emanating from the imposition of additional import duties by the US on the global trade and not take any action in a hurry as America may itself face......

EXPLAINED: Trump's reciprocal tariffs

The United States has announced 26 per cent reciprocal tariffs or import duties on Indian goods which will enter American markets. Industry players and experts have stated that the duties will pose......

Single Tax-Return Rule May Return!

'Bringing it back will help prevent reassessments of the income already disclosed.' Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy Nataliya......

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:......

Net direct tax kitty rises 13% to Rs 21.26 lakh crore till Mar 16

Net direct tax collection grew 13.13 per cent to over Rs 21.26 lakh crore so far this fiscal aided by by higher advance tax mop up, government data showed on Monday. Illustration: Dominic......

GST collection grows 10% to over Rs 1.96 lakh cr in March, second-highest ever

Gross GST collection grew 9.9 per cent in March to Rs 1.96 lakh crore - the second-highest mop-up ever, government data showed on Tuesday. Illustration: Dominic Xavier/Rediff.com ......

Govt dividends from CPSEs set to log record Rs 70,000 crore in FY25

Dividends paid by central public-sector enterprises (CPSEs) in 2024-25 are set to be the highest ever, with the government receiving 69,873 crore so far. Illustration: Dominic Xavier/Rediff.com A......

Guess Which Celebrity Pays The Most Tax?

Photograph: Kind courtesy Amitabh Bachchan/Instagram At 82, Amitabh Bachchan is India's highest tax-paying celebrity, surpassing A-listers like Shah Rukh Khan, Aamir Khan and Salman Khan, as well......

'BJP Candidates Win Only Because Of Modi'

'BJP leaders emerged victorious only because of Narendra Modi's name, not for their own political capability.' IMAGE: Samajwadi Party MP Jaya Bachchan speaks in the Rajya Sabha during the Budget......

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......

Why Rahane was named KKR captain

IMAGE: KKR coach Chandrakant Pandit with captain Ajinkya Rahane at a training session. Photograph: Kind courtesy KnightRiders Xtra/X Kolkata Knight Riders CEO Venky Mysore revealed the reason......

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