Sunday, December 22, 2024

TOPIC

income tax

News Reports

Fact Check: Did personal income tax slabs between 1971-72 touch 93.5 per cent?

OpIndia Staff -
In the early 1970s, the highest tax slab for an individual touched sky-high at 97.50%.
News Reports

Raids by DRI find that Indian subsidiary of Chinese phone maker Xiaomi evaded Rs 653 crore in customs duty, notices served for recovery

OpIndia Staff -
Xiaomi India evaded customs duty by not including the royalty and license fee paid to Qualcomm and parent company in assessable value
News Reports

Kanpur: Manufacturers of ‘Samajwadi Perfume’, Pan Masala raided by DGGI and I-T, cash counting images go viral

OpIndia Staff -
DDGI, I-T raids at Uttar Pradesh, cash worth over 100 crores found at premises of 'Samajwadi Perfume' manufacturer.
News Reports

After Elon Musk decides to sell 10% Tesla shares based on Twitter poll, this is his reply to US senator who objected to it

OpIndia Staff -
Musk's hilarious comment to US senator Ron Wyden has received over 12 thousand RTs and over 67 thousand likes.
News Reports

Income Tax Dept conducts raids at the homes of sisters of Maharashtra Deputy CM Ajit Pawar

OpIndia Staff -
Maharashtra Deputy CM Ajit Pawar confirmed that the houses of his three sisters were raided by the Income Tax department
News Reports

Actor Sonu Sood raided for three days in a row, total tax evasion unearthed so far amounts to more than Rs 20 crore: IT...

OpIndia Staff -
IT Dept revealed that 28 premises in Mumbai, Lucknow, Kanpur, Jaipur, Delhi, Gurugram in Sonu Sood tax evasion case have been searched
Entertainment

Income Tax dept surveys Sonu Sood’s office

OpIndia Staff -
As per reports, Income Tax Department carried out survey at six locations associated with Sonu Sood and his company.
News Reports

Finance Ministry summons Infosys CEO over persistent glitches in the Income Tax portal even after 2.5 months

OpIndia Staff -
Salil Parekh has been called to appear before the Ministry of Finance on August 23, Monday, to explain to Finance Minister Nirmala Sitharaman over the technical glitches on Income Tax website
News Reports

‘Article 25 does not give any immunity from taxation’: Kerala HC says nuns and priests are liable to pay taxes on their salary incomes

OpIndia Staff -
Kerala High Court said that tax deduction at source from salaries of nuns and priests does not violate article 25 of the constitution
News Reports

Finance Ministry introduces bill to withdraw retrospective tax and refund collected amounts, says the tax is a sore point for investors

OpIndia Staff -
Finance ministry to amend the Income Tax Act, 1961 to remove the provisions of retrospective tax introduced by UPA govt in 2012.
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