Monday, November 18, 2024

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income tax

Economy and Finance

Budget 2020: Dual tax regime, a complicated tax structure that may require professional help

Guest Author -
Finance Minister Nirmala Sitharaman today announced a new dual regime of taxation for individuals and HUF (Hindu Undivided Family). This is first time in Income tax where such dual regime would be applicable. 
News Reports

Govt clarifies Income Tax for NRIs, says only those NRIs who are not residents of any country will be taxed in India

OpIndia Staff -
If any NRI is not a resident of any country in the world, he'll be deemed to be a resident of India for Income Tax
Economy and Finance

Budget 2020: Here is the list of exemptions that taxpayers will have to give up in the new optional tax regime

OpIndia Staff -
In the Budget 2020 speech, the FM announced a new optional tax regime for taxpayers of the country.
News Reports

Budget 2020: Here is all you need to know about new optional personal tax regime where the govt foregoes Rs. 40,000 crores in revenue

OpIndia Staff -
Finance Minister Nirmala Sitharaman has proposed a new income tax regime for the country
News Reports

A Taxpayer Charter will be enshrined into the laws, harassment of taxpayers will not be tolerated: Finance Minister during budget speech

OpIndia Staff -
Tax harassment can’t be tolerated when we are talking about citizens and wealth creators, FM said
News Reports

Watch: Bundles of currency were showered from building during DRI raid in Kolkata

OpIndia Staff -
Officials from the DRI said a search in a private office of Hoque Merchantile Pvt Ltd, on that floor, was underway when the incident occurred.
News Reports

Income Tax Tribunal rejects plea by Gandhis in National Herald tax evasion case, says Young Indian is not a charitable organisation

OpIndia Staff -
Income Tax tribunal held that Young Indian's activities cannot be termed charitable and ordered to reopen the Rs 100 crore tax file
Fact-Check

Government clarifies that there is no ‘Gold Amnesty Scheme’ after media publishes misleading reports

OpIndia Staff -
 Media houses had reported earlier today that the government may soon announce a 'gold amnesty scheme' which will fix a holding limit for gold and will tax Indians over a certain amount of gold.
News Reports

Income tax raids premises of ‘Kalki Bhagwan’, founder of ‘Oneness University’, unaccounted cash worth Rs 93 crore recovered

OpIndia Staff -
Last week on Wednesday, IT sleuths carried out raids at various premises owned by self styled guru Kalki Bhagawan
News Reports

ED files chargesheet against Kamal Nath’s nephew Ratul Puri, says he defrauded Rs 8000 crores

OpIndia Staff -
The ED had arrested Puri on August 20. He was sent into judicial custody by the court till October 17.
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