The number of individual income tax return filers, showing ₹1 crore plus income, has surged around 41 per cent to over 2.38 lakh during the […]
Tag: income tax
Corporates can file ITR for FY25 till November 15
The Income Tax Department has extended the due date for filing returns by corporates and individuals whose accounts need to be audited to November 15. […]
Advance tax collection up 22% so far in FY25, tops 45% of Budget Estimate
With advance tax collections rising over 22 per cent, the Income Tax Department’s direct tax mop-up topped 45 per cent of the Budget Estimate for […]
IT Dept rolls out e-dispute resolution scheme
In an effort to reduce litigation, the Income Tax Department on Friday announced e-Dispute Resolution Scheme (e-DRS). “This is another initiative by the government towards […]
Bengaluru’s metro status denied: Is Census data key for HRA review?
The Indian Constitution recognises Bengaluru, along with Delhi, Mumbai, Kolkata, Pune, Hyderabad, and Chennai, as metro cities. However, only four cities—Delhi, Mumbai, Chennai, and Kolkata—qualify […]
Watch: ‘Go and check my balance sheet in CBI office…,’ says Akhilesh Yadav in response to a question about his income
A question about his income miffed Samajwadi Party (SP) chief Akhilesh Yadav during an event in the national capital on Thursday. In response, Yadav asked […]
More than 5 cr ITRs filed so far this fiscal
The income tax department on Saturday said more than 5 crore I-T returns have been filed on the e-filing portal, an 8 per cent increase […]
Sitharaman presents the BAP of all Budgets
Finance Minister Nirmala Sitharaman’s seventh consecutive Budget has a lot to commend itself for. Novel ideas for job creation, reform of the capital gains tax […]
Budget 2024: ‘Nothing to cheer about for people, EXCEPT…,’ says Congress MP Shashi Tharoor
Congress Member of Parliament (MP) Shashi Tharoor termed Finance Minister Nirmala Sitharaman’s Bugdet an ‘underwhelming’ one, which has simply ‘not addressed’ key issues. The Budget, […]
Direct tax mop-up rises 20% to ₹5.74 lakh crore on higher advance corporate tax
Net direct tax collection grew 19.54 per cent to over ₹5.74 lakh crore so far this fiscal on higher advance tax payments by corporates. Also […]
