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I-T attaches Rs 400 cr plot belonging to Mayawati's brother

The income-tax department has attached a 'benami' commercial plot worth Rs 400 crore in Noida belonging to Bahujan Samaj Party supremo Mayawati's brother and his wife, an official order said. ......

It will take 346 years for you to match your MP's assets

The average assets of an MP are now 345.8 times that of an annual income of a tax-filing individual, reports Sachin P Mampatta. The gap between members of Parliament (MPs) and their......

PM received I-T refunds 5 times, Rahul 6 in last 18 yrs

Prime Minister Narendra Modi has got income tax refunds at least five times in the last 18 years, while Congress chief Rahul Gandhi has received six refunds during the same period. IMAGE: A worker......

Modi: Pragya an answer to those who called Hindus terrorists

Prime Minister Narendra Modi on Saturday said the recent Income Tax raids on certain politicians were not part of 'political vendetta' and things were happening as per the law. Modi also defended......

Rs 1.48 cr cash seized from Dinakaran's partyman in TN

The income tax department on Wednesday said it has seized Rs 1.48 crore cash allegedly stashed to bribe voters in Tamil Nadu's Theni district, where an assembly bypoll is scheduled on Thursday.......

All communications from I-T to assessees to carry DIN from Oct 1

The CBDT has now laid down parameters specifying the manner in which any communication issued by any income-tax authority relating to assessment, appeals, orders, statutory or otherwise,......

How I-T dept plans to increase tax mop up

The government has set a target of adding 1.3 crore income tax filers in the current financial year against 1.1 crore new filers added last year. Illustration: Uttam Ghosh/Rediff.com The Income......

Budget 2019: Income tax collection target 'too steep', say experts

CBDT has been given a collection target of Rs 5.69 trillion in personal income tax in the fiscal year 2019-20 - 19.2 per cent more than the Rs 4.77-crore collection in the previous year.......

Spooked by Budget, foreign investors sell Rs 6000cr of equities

They have been on an unbroken selling streak since the Union Budget, spooked by increase in income-tax surcharge, taxes on buybacks, and lack of stimulus to prop up the economy. IMAGE: The Bombay......

No change in ITR forms, clarifies CBDT

No change has been made in income-tax return (ITR) forms, only the utility software has been updated, the Central Board of Direct Taxes said on Tuesday, quashing reports circulating on social......

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Cases connected to Chidambarams

Congress leader and former Union minister P Chidambaram, who failed to get any protection from arrest from the Delhi high court in the INX Media... ...

http://www.rediff.com/news/report/list-of-cases-connected-to-chidambarams/20190821.htm

Tax panel seeks major changes to reassessment rules

The I-T officer can go back up to six years to scrutinise the books of accounts of the assessees. Illustration: Dominic Xavier/Rediff.com The... ...

http://www.rediff.com/money/report/tax-panel-seeks-major-changes-to-reassessment-rules/20190820.htm

Major tax relief likely for those earning up to Rs 55 lakh per annum

DTC task force also favoured doing away with Dividend Distribution Tax by suggesting taxing dividends in the hands of shareholders. Illustration:... ...

http://www.rediff.com/money/report/earning-rs-55-lakh-a-year-major-tax-relief-likely/20190820.htm

New I-T law task force favours lower tax rate

As per the suggestions of the task force mandated to frame new income tax law, the tax rate should be lowered, more financial transactions should... ...

https://timesofindia.indiatimes.com/business/india-business/new-i-t-law-task-force-favours-lower-tax-rate/articleshow/70746527.cms

How Dravid can avert the conflict-of-interest charge

What does Rahul Dravid need to do to be able to join NCA without carrying the blemish of perceived or potential 'conflict of interest'?�Sudhir... ...

http://www.rediff.com/cricket/column/how-dravid-can-avert-the-conflict-of-interest-charge/20190820.htm

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