Direct Taxes
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New Regime Or Old Regime - Which Income Tax Slab Works Best For You?
The income tax system in India operates through a progressive slab structure. The amount of tax an individual pays is directly proportional to their income in a financial year.
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Deadline For Filing Revised Income Tax Return Extended To January 15: Tax Body
The last date for filing an Income Tax Return for the financial year 2023-24 was July 31, and for those who could not, the time was for filing a revised ITR with late fees was December 31, but now, the CBDT has extended this deadline to January 15.
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Telugu Thriller Brinda’s Director Surya Manoj Vangala Opens Up About the Series, Religious Extremism, and More
In a thought-provoking conversation with Gadgets360, Surya Manoj Vangala shares the inspiration behind his show Brinda, the emotionally taxing research it took, the intended audience, his views on extremism, and more.
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Infosys $4 Billion Tax Demand Likely To Be Withdrawn After Backlash: Report
India is likely to retract its demand that Infosys pay $4 billion in back taxes after weeks of lobbying by the IT giant and an onslaught of criticism from the software services industry, said two government sources with direct knowledge of the plan.
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Top Tax Authority CBDT Forms Panel To Review Income Tax Law
An internal committee of the Income Tax Department will review the 1961 direct tax law to eliminate redundant clauses as well as adopt best global practices to simplify it for taxpayers for better compliance, CBDT chief Ravi Agrawal has said.
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Direct Tax Collections Surge 22.5%. Here's How It Will Help The Economy
India's net direct tax collection surged by 22.5 per cent to Rs 6.93 lakh crore during the current financial year so far (April 1 to August 11) which is expected to keep the country firmly on the path of fiscal consolidation.
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Net Direct Tax Collection Grows 22% To Rs 6.93 Lakh Crore: Government Data
Net direct tax collection grew 22.48 per cent to about Rs 6.93 lakh crore as of August 11 this fiscal, government data showed on Monday.
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Direct Tax Collection Surges 20% To Rs 5.74 Lakh Crore In 2024-25 So Far
India's net direct tax collection posted a robust 19.5% growth to Rs 5.74 lakh crore as on till July 11 of the current financial year compared to the same period of the previous year, according to the Income Tax Department.
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IRS Officer Ravi Agrawal Appointed Central Board of Direct Taxes Chairman
Ravi Agrawal, a 1988-batch IRS officer, has been appointed as the new chairman of the Central Board of Direct Taxes (CBDT), the administrative body for the Income Tax Department.
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Net Direct Tax Collection In FY25 Surges By 20%, Reaches Rs 4.62 Lakh Crore
The Ministry of Finance has announced a robust growth in India's direct tax collections for the financial year 2024-25, with net collections increasing by 20.99 per cent and gross collections growing by 22.19 per cent.
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At Rally In Nevada, Donald Trump Proposes Ending Taxes On Tips
Republican presidential candidate Donald Trump told a rally in Las Vegas on Sunday that he would seek to end taxation of income from tips, a direct appeal to service workers in the swing state of Nevada, which polls suggest is leaning his way ahead o
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Don't Use Threats During Search And Seizure To Recover GST: Supreme Court
The Supreme Court on Wednesday directed the Centre not to use "threat and coercion" during search and seizure operations against traders for recovery of Goods and Services Tax (GST) and instead persuade them to clear the dues voluntarily.
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Tesla Chief Elon Musk Said to Meet PM Modi in April, Announce India Investment Plans
Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement on plans to invest and open a new factory in the country, two sources with direct knowledge said.
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After Congress Complaint, Poll Panel To Verify Union Minister's Affidavit
Lok Sabha elections 2024: The ECI has directed the CBDT to verify potential mismatch - between actual and declared assets, and income - in affidavits filed by the BJP's Rajeev Chandrasekhar ahead of his candidature for the Lok Sabha el
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Interim Budget 2024: Direct Tax Demand Up To Rs 25,000 To Be Withdrawn. See Key Details
The Centre will not pursue taxpayers to recover old direct taxes up to Rs 25,000 till the financial year 2009-10, Finance Minister Nirmala Sitharaman said in her interim Budget 2024 speech today.
-
New Regime Or Old Regime - Which Income Tax Slab Works Best For You?
The income tax system in India operates through a progressive slab structure. The amount of tax an individual pays is directly proportional to their income in a financial year.
-
Deadline For Filing Revised Income Tax Return Extended To January 15: Tax Body
The last date for filing an Income Tax Return for the financial year 2023-24 was July 31, and for those who could not, the time was for filing a revised ITR with late fees was December 31, but now, the CBDT has extended this deadline to January 15.
-
Telugu Thriller Brinda’s Director Surya Manoj Vangala Opens Up About the Series, Religious Extremism, and More
In a thought-provoking conversation with Gadgets360, Surya Manoj Vangala shares the inspiration behind his show Brinda, the emotionally taxing research it took, the intended audience, his views on extremism, and more.
-
Infosys $4 Billion Tax Demand Likely To Be Withdrawn After Backlash: Report
India is likely to retract its demand that Infosys pay $4 billion in back taxes after weeks of lobbying by the IT giant and an onslaught of criticism from the software services industry, said two government sources with direct knowledge of the plan.
-
Top Tax Authority CBDT Forms Panel To Review Income Tax Law
An internal committee of the Income Tax Department will review the 1961 direct tax law to eliminate redundant clauses as well as adopt best global practices to simplify it for taxpayers for better compliance, CBDT chief Ravi Agrawal has said.
-
Direct Tax Collections Surge 22.5%. Here's How It Will Help The Economy
India's net direct tax collection surged by 22.5 per cent to Rs 6.93 lakh crore during the current financial year so far (April 1 to August 11) which is expected to keep the country firmly on the path of fiscal consolidation.
-
Net Direct Tax Collection Grows 22% To Rs 6.93 Lakh Crore: Government Data
Net direct tax collection grew 22.48 per cent to about Rs 6.93 lakh crore as of August 11 this fiscal, government data showed on Monday.
-
Direct Tax Collection Surges 20% To Rs 5.74 Lakh Crore In 2024-25 So Far
India's net direct tax collection posted a robust 19.5% growth to Rs 5.74 lakh crore as on till July 11 of the current financial year compared to the same period of the previous year, according to the Income Tax Department.
-
IRS Officer Ravi Agrawal Appointed Central Board of Direct Taxes Chairman
Ravi Agrawal, a 1988-batch IRS officer, has been appointed as the new chairman of the Central Board of Direct Taxes (CBDT), the administrative body for the Income Tax Department.
-
Net Direct Tax Collection In FY25 Surges By 20%, Reaches Rs 4.62 Lakh Crore
The Ministry of Finance has announced a robust growth in India's direct tax collections for the financial year 2024-25, with net collections increasing by 20.99 per cent and gross collections growing by 22.19 per cent.
-
At Rally In Nevada, Donald Trump Proposes Ending Taxes On Tips
Republican presidential candidate Donald Trump told a rally in Las Vegas on Sunday that he would seek to end taxation of income from tips, a direct appeal to service workers in the swing state of Nevada, which polls suggest is leaning his way ahead o
-
Don't Use Threats During Search And Seizure To Recover GST: Supreme Court
The Supreme Court on Wednesday directed the Centre not to use "threat and coercion" during search and seizure operations against traders for recovery of Goods and Services Tax (GST) and instead persuade them to clear the dues voluntarily.
-
Tesla Chief Elon Musk Said to Meet PM Modi in April, Announce India Investment Plans
Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement on plans to invest and open a new factory in the country, two sources with direct knowledge said.
-
After Congress Complaint, Poll Panel To Verify Union Minister's Affidavit
Lok Sabha elections 2024: The ECI has directed the CBDT to verify potential mismatch - between actual and declared assets, and income - in affidavits filed by the BJP's Rajeev Chandrasekhar ahead of his candidature for the Lok Sabha el
-
Interim Budget 2024: Direct Tax Demand Up To Rs 25,000 To Be Withdrawn. See Key Details
The Centre will not pursue taxpayers to recover old direct taxes up to Rs 25,000 till the financial year 2009-10, Finance Minister Nirmala Sitharaman said in her interim Budget 2024 speech today.
