Income Tax

Heightened vigil to check black money flow during Delhi polls

Central revenue department officials have raised vigil to check any flow of black money from air...

Income Tax dept strike

What not to do for tax exemptions, deductions to stay

The Income tax Act, 1961 (the Act), provides for certain deductions and exemptions that are available upon the fulfilment of certain conditions.

Aditya Birla Group’s top executive to I-T: Regularly routed cash through hawala

A top executive of Aditya Birla Management Corp told IT investigators that company officials regularly routed large amounts of cash through...

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Pension norms set to be rolled out, tax break sought

Keen to kickstart pension reforms, the finance ministry has asked the PFRDA to notify all regulations...

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Don’t join rush, pay tax in advance

Spreading income-tax payments across the year helps identify better opportunities

For tax-related investments, equities are the best bet

It is better to stagger your tax savings over the twelve-month period so that the savings do not become a burden towards the end of the year.

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Tax implications of second home: Various scenarios

As per Indian tax laws, if a person owns just one property and it is vacant, the property can be considered self-occupied...

PAC raps I-T dept for surge in uncollected taxes, laxity

Of total uncollected amount, Rs 2.47 lakh crore pertains to top 25 defaulters only, pending at various judicial fora.

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Cobrapost sting: CBDT orders probe against real estate firms over black money allegations

In wake of Cobrapost sting op, CBDT has ordered an I-T dept investigation against a number of real estate...

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Taxman seizes over Rs 135 cr cash, jewellery from Subrata Roy’s Sahara group

Income Tax department has claimed to have seized cash of over Rs 135 crore from the premises of Sahara group.

Income-Tax seizes over Rs 135 cr cash, jewellery from Subrata Roy’s Sahara group

The Income Tax department has claimed to have seized cash of over Rs 135 crore from the premises of Subrato Roy's Sahara...

Income-Tax dept raids Subrata Roy’s Sahara group premises

The Income Tax department today conducted searches on the premises of Sahara group...

RBI asks taxpayers to pay income tax dues in advance

Rush for remitting income tax dues through the RBI has been far too heavy towards the end of December every year.

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How NRIs can get a grip on MF taxability

For NRIs, a cost-effective way to participate in the Indian equity market is investing in mutual funds.

Early birds have best shot at fulfilling golden years

The key to a happy post-retirement life lies in building a corpus as soon as one starts earning.

Tech can make tax function efficient

Internal tax function has become a crucial cog in the operational machinery of an organisation.

Income Tax dept to prosecute about 300 bank account holders abroad

The Income Tax department is likely to initiate prosecution against close to 300 people...

Income Tax Calculator, Budget 2019, How to Calculate Income Tax


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