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Compensation for land acquired for bullet train project not taxable: HC

The Bombay high court has held that income tax cannot be deducted from an amount given by way of compensation for property the National Hi-Speed Rail Corporation Ltd acquired for the......

Why did Modi meet Karunanidhi?

'The prime minister's advisers may have told him that going along with this AIADMK government will damage his image.' IMAGE: Prime Minister Narendra D Modi meets DMK chief M Karunanidhi and the......

TEXT: President Patil's last address to Parliament

President Pratibha Patil on Monday addressed Parliament for the last time as President when she flagged off the Budget session. Here's the text of her speechHonourable Members I welcome you to this......

Quit India, Mumbai says again

Sixty six years after the clarion call went out from Bombay's Gowalia Tank asking its rulers to Quit India, the citizens of this amazing city came together in their thousands on Wednesday evening......

132,497 Indians Have Income Of 1 Crore Plus

7 states account for over 80 per cent of the total direct tax collections by the Union government. Illustration: Uttam Ghosh/Rediff.com   Have more Indians come under the income-tax net over......

Did Mumbai Pay Rs 5 Trillion In Taxes?

Mumbai, which adds 37 per cent to the total direct tax mop-up, has reported tax collection of Rs 4.93 trillion so far, against the full-year target of Rs 5.35 trillion. Illustration: Dominic......

Crypto industry sees exits ahead of new tax regime

With new rules coming into force in April, several investors are booking profits, rejigging portfolios or moving their virtual assets outside of India. Rajesh Bhayani reports. Photograph: Edgar......

GST Revenues: Centre won't give states more

'We have already given Rs 1.59 trillion to states.''So, there is no question of giving them more.' Illustration: Dominic Xavier/Rediff.com The uptrend in GST collections will continue in the......

Direct tax collection inches closer to revised Budget target for 2021-21

CBDT now requires just Rs 84,700 crore to achieve the current fiscal year’s revised Budget target of Rs 9.05 trillion. Illustration: Dominic Xavier/Rediff.com Providing comfort to the......

IPL: How Do The Players Get Paid?

Will Ishan Kishan get Rs 15.25 crore for one year, or for three years?Do the players get their IPL payments, whether it is in full or in part, and what is the payment schedule?Harish......

ED's notice to BCCI regarding IPL II fund transfer

The Enforcement Directorate has issued notice to the BCCI to explain transfer and routing of funds to the tune of Rs 1,600 crore in the conduct of the second season of Indian Premier League cricket......

IPL stars may lose one-fifth of earnings as tax

The Income Tax department which is probing all financial transactions of the Indian Premier League (IPL) has advised all foreign players to obtain PAN cards, failing which they will have to pay......

'IPL franchises defaulted in paying TDS returns'

The Income Tax department has claimed to have found defaults in the payment of TDS returns by the IPL franchises to various service providers in its ongoing probe into the tournament's finances.......

I-T issues notices to Knight Riders, Gameplan

The Income Tax department has issued notices to Knight Riders Sports Private Limited and Gameplan Sports to appear before it in connection with the recent search operations at the offices of the......

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