Income Over 10 Lakh
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Defeated In Council, Karnataka Temple Tax Bill Passed By Both Houses
A bill that sought to collect funds from temples with over Rs 10 lakh annual income, which was defeated by the opposition BJP-JD(S) combine in the legislative council last week, was taken up for reconsideration and passed by both houses of the legisl
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Navi Mumbai Man Loses Over Rs 10 Lakh To Cyber Fraud
A 45-year-old logistics consultant from Navi Mumbai was allegedly duped of Rs 10.52 lakh by cyber fraudsters who promised to provide him extra income, police said on Monday.
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Direct Tax Collection Grows 24% To Over Rs 14 Lakh Crore Till January
The country's gross direct tax collection rose 24.58 per cent to Rs 14.71 lakh crore till January 10 this fiscal, buoyed by an upsurge in personal income tax mop-up, the government data showed on Wednesday.
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Himanta Biswa Sarma's Family Income Up By Over Rs 10 Crore In Five Years
NEDA convenor and Assam finance minister Himanta Biswa Sarma has only Rs 25,000 in cash, bank term deposits of over Rs 50 lakh, and no bonds, shares or insurance policies.
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Paytm Employee In Gurgaon Is 29th Coronavirus Patient In India: 10 Points
An employee of Paytm has tested positive for coronavirus, pushing the e-wallet company to shut its Gurgaon office for two days. This is the 29th case that tested positive in India. The figures took a leap after a group of 15 Italian tourists tested positive for the disease over the last 24 hours. An Indian driver, who was travelling with them, has ...
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Why You Must File Income Tax Return By End Of Month
Not filing income tax return by the due date of August 31 attracts a penalty amount ranging from Rs 5,000 to Rs 10,000, depending upon the degree of delay. That means, those looking to file their income tax return without having to bear any penalty charges have a little over a week to do so. Individuals with annual income up to Rs 2.5 lakh are not ...
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Over 36 Lakh Bank Accounts Saw Cash Deposit Of Rs 10 Lakh Or More
Over 36 lakh bank accounts have seen cash deposits of Rs 10 lakh or more in a financial year, Parliament was informed on Tuesday.
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Income Tax Department Issues Refunds Worth Rs 1.42 Lakh Crore
As many as 4.01 crore ITRs were e-filed till February 10, 2017, an increase of 20 per cent over the previous year.
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Union Budget 2017- Arun Jaitley's No-Frills Budget Seeks to Ease Notes Ban Shock: 10 Points
Finance Minister Arun Jaitley began his Budget speech today with a strong defence of the notes ban, promising that its impact on the economy would not spill over to the next year. He then presented a plan to cushion sections that have been worst hit by demonetisation, pledging to spend more on the rural poor, doubling income of farmers and cutting ...
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24 Lakh People Make Over 10 Lakhs A Year But 25 Lakh Cars Bought: Report
A nation of over 125 crore people had only 3.65 crore individuals filing their tax returns in the assessment year 2014-15, a top official said, alluding to a huge number of individuals being outside the tax net.
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LPG Subsidy: Income Tax To Share Data Of Taxpayer Who Earn Over Rs 10 Lakh
The Income Tax department will soon begin sharing with the Petroleum and Oil Ministry details of all "individual" taxpayers whose annual income exceeds Rs 10 lakh, in an attempt to check pilferage of subsidy on cooking gas by the higher income groups.
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Earning Over 10 Lakh? You May Soon Lose LPG Subsidy
The move has been approved by the policy-making body of the department, the Central Board of Direct Taxes (CBDT),
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$184 Billion, 80 Per Cent Of Total Old Notes, Back In Banks, Says RBI
Banks have received 12.44 lakh crores or $184.24 billion in old 500 and 1,000-rupee notes till December 10, since the currency ban, the Reserve Bank of India said today. It also said that banks have so far issued 4.61 lakh crores in new currency to people over the counter and through ATMs. Prime Minister Narendra Modi had on November 8 announced th...
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Only 14 Lakh Individuals Fell In 30% Tax Bracket In 2012-13
Only 14 lakh individuals out of the 2.89 crore assessees in the country declared an annual income of over Rs 10 lakh, attracting the highest tax bracket of 30 per cent, in assessment year 2012-13.
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How Income Tax Department Is Tracking Your Transactions
To check tax evasion, the income tax department has stepped up its vigilance against undeclared income.
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Defeated In Council, Karnataka Temple Tax Bill Passed By Both Houses
A bill that sought to collect funds from temples with over Rs 10 lakh annual income, which was defeated by the opposition BJP-JD(S) combine in the legislative council last week, was taken up for reconsideration and passed by both houses of the legisl
-
Navi Mumbai Man Loses Over Rs 10 Lakh To Cyber Fraud
A 45-year-old logistics consultant from Navi Mumbai was allegedly duped of Rs 10.52 lakh by cyber fraudsters who promised to provide him extra income, police said on Monday.
-
Direct Tax Collection Grows 24% To Over Rs 14 Lakh Crore Till January
The country's gross direct tax collection rose 24.58 per cent to Rs 14.71 lakh crore till January 10 this fiscal, buoyed by an upsurge in personal income tax mop-up, the government data showed on Wednesday.
-
Himanta Biswa Sarma's Family Income Up By Over Rs 10 Crore In Five Years
NEDA convenor and Assam finance minister Himanta Biswa Sarma has only Rs 25,000 in cash, bank term deposits of over Rs 50 lakh, and no bonds, shares or insurance policies.
-
Paytm Employee In Gurgaon Is 29th Coronavirus Patient In India: 10 Points
An employee of Paytm has tested positive for coronavirus, pushing the e-wallet company to shut its Gurgaon office for two days. This is the 29th case that tested positive in India. The figures took a leap after a group of 15 Italian tourists tested positive for the disease over the last 24 hours. An Indian driver, who was travelling with them, has ...
-
Why You Must File Income Tax Return By End Of Month
Not filing income tax return by the due date of August 31 attracts a penalty amount ranging from Rs 5,000 to Rs 10,000, depending upon the degree of delay. That means, those looking to file their income tax return without having to bear any penalty charges have a little over a week to do so. Individuals with annual income up to Rs 2.5 lakh are not ...
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Over 36 Lakh Bank Accounts Saw Cash Deposit Of Rs 10 Lakh Or More
Over 36 lakh bank accounts have seen cash deposits of Rs 10 lakh or more in a financial year, Parliament was informed on Tuesday.
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Income Tax Department Issues Refunds Worth Rs 1.42 Lakh Crore
As many as 4.01 crore ITRs were e-filed till February 10, 2017, an increase of 20 per cent over the previous year.
-
Union Budget 2017- Arun Jaitley's No-Frills Budget Seeks to Ease Notes Ban Shock: 10 Points
Finance Minister Arun Jaitley began his Budget speech today with a strong defence of the notes ban, promising that its impact on the economy would not spill over to the next year. He then presented a plan to cushion sections that have been worst hit by demonetisation, pledging to spend more on the rural poor, doubling income of farmers and cutting ...
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24 Lakh People Make Over 10 Lakhs A Year But 25 Lakh Cars Bought: Report
A nation of over 125 crore people had only 3.65 crore individuals filing their tax returns in the assessment year 2014-15, a top official said, alluding to a huge number of individuals being outside the tax net.
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LPG Subsidy: Income Tax To Share Data Of Taxpayer Who Earn Over Rs 10 Lakh
The Income Tax department will soon begin sharing with the Petroleum and Oil Ministry details of all "individual" taxpayers whose annual income exceeds Rs 10 lakh, in an attempt to check pilferage of subsidy on cooking gas by the higher income groups.
-
Earning Over 10 Lakh? You May Soon Lose LPG Subsidy
The move has been approved by the policy-making body of the department, the Central Board of Direct Taxes (CBDT),
-
$184 Billion, 80 Per Cent Of Total Old Notes, Back In Banks, Says RBI
Banks have received 12.44 lakh crores or $184.24 billion in old 500 and 1,000-rupee notes till December 10, since the currency ban, the Reserve Bank of India said today. It also said that banks have so far issued 4.61 lakh crores in new currency to people over the counter and through ATMs. Prime Minister Narendra Modi had on November 8 announced th...
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Only 14 Lakh Individuals Fell In 30% Tax Bracket In 2012-13
Only 14 lakh individuals out of the 2.89 crore assessees in the country declared an annual income of over Rs 10 lakh, attracting the highest tax bracket of 30 per cent, in assessment year 2012-13.
-
How Income Tax Department Is Tracking Your Transactions
To check tax evasion, the income tax department has stepped up its vigilance against undeclared income.
