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Income Tax Exemption Of The Board

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Ahead of poll, Chh'garh CM announces allowance for jobless youth

In a major announcement ahead of the Chhattisgarh assembly polls due this year-end, Chief Minister Bhupesh Baghel on Thursday said unemployed youth will be given a monthly allowance in the state......

IAF releases details of recruitment plan under Agnipath scheme

The Indian Air Force on Sunday released details on the recruitment plan under the Centre's new Agnipath scheme including eligibility criteria, age limit, educational qualifications, period of......

IT Dept detects 'tax evasion worth crores' in raids linked to SP

The Income Tax Department detected bogus expenditure claims and alleged transfer of share capitals worth crores of rupees through shell companies after it recently raided some entities in Karnataka......

Don't have ITR of political parties: I-T dept to RTI activist

The income tax department has given a "contradictory" response when asked for tax returns of political parties under the Right to Information Act, by first saying that the information is not held......

Why does the Modi govt want to suffocate NGOs?

Any NGO critical of the government is unlikely to receive a green signal.The new amendment will leave NGOs vulnerable to harassment.It was the NGO sector that helped provide compassion and food to......

Net direct tax collection surpasses RE in FY24; corp tax receipts a miss

Direct tax collection, net of refunds, moderately exceeded the revised estimates (RE) for the financial year 2023-24 (FY24) on the back of personal income tax revenues, but corporation tax receipts......

Tax poser in the way of Hyundai local arm listing

South Korean auto giant Hyundai Motor Company is considering tax implications of listing its Indian unit before taking a final call, according to sources privy to the development. Hyundai Motor is......

CBDT notifies ITR forms for Assessment Year 2024-25

The Income Tax department on Friday said it has notified I-T return forms 2, 3 and 5 for filing tax returns for assessment year 2024-25. Illustration: Dominic Xavier/Rediff.com The ITR-1, which......

Tax norms for charitable trusts get stricter

The income-tax (I-T) authorities have tightened disclosure norms for charitable trusts. Image used for representation purose only. Photograph: Jorge Silva/Reuters They now have to declare the......

Personal income tax to GDP ratio rises to 2.94% in FY22

Personal income tax as a percentage of GDP has gone up from 2.11 per cent in 2014-15 to 2.94 per cent in 2021-22 fiscal, indicating that taxpayer base is widening as a result of the steps taken by......

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