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Income of thousands, hit with tax notice for crores!

A man earning Rs 15,000 salary got an income tax notice of Rs 33.88 crore, another making Rs 8,500 was slapped with a notice of Rs 3.87 crore and a third Rs 7.79 crore. IMAGE: Kindly note that......

Monsoon session sees 12 bills passed in LS, 15 in RS

Twelve bills were passed by the Lok Sabha and 15 by the Rajya Sabha during the month-long monsoon session of Parliament, which witnessed repeated disruptions, adjournments and walkouts. IMAGE: The......

GST, 'bachat', 'swadeshi' in Modi's address amid Trump threats

Nearly 99 per cent of the items previously taxed at 12 per cent now fall under the 5 per cent tax bracket, Modi said. IMAGE: Prime Minister Narendra Modi addresses to the nation on Sunday,......

'Band-aid' solution: Oppn on PM's address to nation on GST

The Congress on Sunday accused Prime Minister Narendra Modi of taking "sole ownership" of the amendments made to the GST regime and said the current reforms were inadequate, with no resolution to......

Trump introduces 'Gold Card' for permanent US residency

The Trump administration has launched a premium immigration programme targeting wealthy individuals worldwide, offering permanent residency in the United States through expensive 'Gold Cards' that......

Why Income Tax Cases Drag On For Decades

'Repeated adjournments are one of the largest contributors to lengthy litigation cycles.' Kindly note this illustration generated using Microsoft Copilot is only posted for representational......

285 Tweaks Proposed to Income Tax Bill

'The government, if it deems fit, will incorporate the changes in the Bill, take approval from the Cabinet before moving the bill for consideration and passage in the Lok Sabha.' Illustration:......

What You Must Know About New Income Tax Act

The contrast with the old Income-Tax Act is stark.The 1961 law ran into 512,000 words; the 2025 one pares that down to 259,000.Chapters have been cut from 47 to 23, while sections have reduced from......

Make demergers tax-neutral, biz houses nudge govt

Ahead of the Union Budget 2026-27, Indian business houses have urged the government to make demergers tax-neutral, particularly in cases involving transfer of investments in associate companies......

Budget wishlist: Industry seeks easier tax rules, dispute fixes

With the Union Budget three months away, major industry chambers have submitted to the government proposals on common taxes, seeking simpler compliance and a quicker resolution of tax disputes.......

Income Tax officials search Mohanlal's residence

After a four-day gap, Income Tax officials continued searches at Malayalam superstar Mohanlal's residence in Kochi. The officials began the search in the presence of the actor, who returned from......

'Movies Have To Be Good To Bring People To Cinemas'

'Last year, we had about 10 to 12 per cent of Hollywood films as a box-office contribution. This year already, it has jumped up to 24 per cent because the lineup is very strong.' IMAGE: The PVR......

Mammootty, Mohanlal to settle income tax dues

Malayalam actors Mammootty and Mohanlal, whose premises had been raided by the Income Tax department, have admitted to having assets beyond their known sources of income. Both actors have agreed to......