Monday, December 23, 2024

TOPIC

income tax

News Reports

As I-T raids continue on Anurag Kashyap, Tapsee Pannu, and Kwan, politicians and ‘liberals’ call them brave, ‘pro-farmers’

OpIndia Staff -
The raids may continue on Friday. More celebrities may get summoned by IT department, as per reports.
News Reports

‘If I go to Taj Mahal, Centre will think I am there to buy it’: Robert Vadra on I-T interrogations

OpIndia Staff -
Robert Vadra has said that he is being targeted and there has been no tax-evasion on his part.
News Reports

Robert Vadra again grilled by IT dept on Benami property case, Congress President’s son-in-law cries political vendetta

OpIndia Staff -
The case is linked to the properties Robert Vadra allegedly purchased in the United Kingdom through arms dealer Sanjay Bhandari
News Reports

Haj Committee tacitly tells Muslims to not comply with the law as logjam between Govt and Muslim clerics continue over IT returns

OpIndia Staff -
Since Nov, Muslim clerics have been demanding that the 5% GST levied on Haj pilgrimage and the mandatory filing of tax return be exempt
News Reports

Congress under lens for receiving unaccounted Rs. 106 crore cash at party headquarters, much of it before 2019 general elections: Details

OpIndia Staff -
Times Now reported that several payments of unaccounted cash were made to the erstwhile Congress Headquarters, prior to the 2019 General Elections.

PM Modi to launch ‘Transparent Taxation’, direct tax reforms to benefit taxpayers, ease the process

OpIndia Staff -
PM Narendra Modi will today launch 'Transparent Taxation', a drive intended to bring benefits for the taxpayers and ease the process of compliance for honest taxpayers.
News Reports

Govt to probe violations by Sonia Gandhi headed Rajiv Gandhi Foundation and others, Home Ministry sets up committee

OpIndia Staff -
The committee will coordinate probe into violation of various legal provisions of PMLA, Income Tax Act, FCRA etc by these foundations. Special Director of Enforcement Directorate will head the committee.
News Reports

Income Tax Department clarifies that PM Narendra Modi was correct when he said only 1.5 crore people pay income tax

OpIndia Staff -
To dispel false allegations against PM, the Income Tax department has clarified that only 1.5 crore people paid income tax
Social Media Fact-Check

Did PM Modi actually claim only 2200 people declared income over 1 crore? Or some people just did not listen properly?

OpIndia Staff -
PM Modi mentioned that in a country of more than 130 crore people, only 1.5 crore people pay Income Tax. Even from the 1.5 crore people, the number of people announcing income of over 50 lakhs is just 3 lakhs.
Opinions

Two Income Tax regimes with and without deductions, which one is better for you? A ready reckoner

Ashutosh Muglikar -
A comparative analysis between the new tax regime without exemptions and old income tax regime with exemptions and deductions
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