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income tax

News Reports

Following Income Tax raids, Congress leader G Parameshwara’s personal assistant Ramesh commits suicide

OpIndia Staff - 12 October, 2019

Ramesh has committed suicide on Saturday morning in Bengaluru after Income Tax raid on several locations, he was assistant of G Parameshwara

News Reports

Rs 4.52 crore cash seized by Income Tax department following raids at Congress leader G Parameshwara’s premises

OpIndia Staff - 11 October, 2019

Income Tax department carried out raids at several locations linked to Karnataka Congress leader G Parameshwara

Economy and Finance

To promote growth, just cut tax rates: Here is the likely impact of tax rates for corporates being slashed by the Modi govt

Karan - 21 September, 2019

1- 22 per cent of Corporate Tax Rate because it is the optimal tax rate implies that revenue maximization is the key driver of taxation policy going forward.

Government and Policy

After 40 years of being a burden on taxpayers, Uttar Pradesh ministers to start paying their own income tax

OpIndia Staff - 14 September, 2019

According to an order passed in Uttar Pradesh, all ministers, including CM Yogi Adityanath, will have to now pay their own income tax, which was earlier being paid by the state treasury.

News Reports

Record number of Income Tax Return filed in a single day, I-T dept to issue PAN if ITR filed with only Aadhaar

OpIndia Staff - 2 September, 2019

The dept will allot a fresh PAN to a person who files I-T Returns (ITR) with only Aadhaar as part of a new arrangement to link the two databases

News Reports

Income Tax department dismisses rumours of another extension of due date for Tax filling

OpIndia Staff - 30 August, 2019

The CBDT had already provided an extension to the filing of Income Tax returns by one month and declared August 31, 2019, as the due date for submitting the returns.

News Reports

Madras High Court rejects Karti Chidambaram’s plea seeking interim stay on transfer of his Income Tax case to special court

OpIndia Staff - 22 August, 2019

Karti Chidambaram and his wife are accused of not disclosing cash payment received in a land sale

Opinions

BODMAS rule, Cafe Coffee Day founder V G Siddhartha suicide and simplifying the ‘tax code’

Abhishek Banerjee - 1 August, 2019

Cafe Coffee Day founder VG Siddhartha has left behind a letter, which has gone viral as well. In that, he explains that he had problems paying back loans and had faced harassment from the Income Tax Department.

News Reports

Mystery over CCD owner Siddhartha’s suicide deepens as details of alleged Hawala links with Congress leader DK Shivakumar emerges

OpIndia Staff - 31 July, 2019

Sensational details have emerged related to the tax probe carried out by the Income Tax department against Siddhartha, the same investigation that he had dubbed as 'harassment' in his letter to the board dated July 27.

News Reports