The Supreme Court on Monday sought responses from the Centre and others on a plea which challenged the validity of a provision of the Income Tax Act that allows political parties to receive......
Avoid donating without checking the receipt proforma showing the political party's ECI registration number and PAN. Kindly note this illustration generated using Microsoft Copilot is only posted......
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,......
Delhi high court's Justice Yashwant Varma, who courted controversy over the alleged discovery of cash from his official residence, was appointed a high court judge in 2014 and transferred to the......
The latest circular which clarified the eligibility for availing disability pension by armed forces personnel was issued after data analytics found that the provision meant for the needy was being......
The new Income Tax Bill, passed by Lok Sabha on Monday, has retained the provisions regarding ITR filing for TDS claims and tax exemptions for anonymous donations made to all......
The government on Friday extended the deadlines for various income tax compliances and said the amount paid by an employer to employees for Covid-19 treatment would be tax exempt. IMAGE: Kindly......
The Federation of Indian Chambers of Commerce and Industry (Ficci) has sought urgent steps to clear the huge backlog of income-tax appeals, simplify tax deducted at source (TDS) compliance, and......
An empowered committee of the retirement fund body EPFO on Friday approved granting regular tax exemption to 68 private provident fund trusts, which would provide tax benefits for subscribers of......
'If a charitable or religious trust sells a capital asset -- such as land, buildings, shares -- and makes a capital gain, it can avoid paying tax on that gain if it reinvests the proceeds in......
Team India is without a shirt sponsor in the ongoing Asia Cup after the BCCI's deal with online gaming company Dream11, worth Rs 358 crore per year, was cut short. IMAGE: India T20 captain......
The Income Tax authorities have picked up the income tax return of the Board of Control for Cricket in India for scrutiny and initiated proceedings for payment of Service Tax. Though the BCCI, with......
The Income Tax department has created a special audit team to bring together the scattered assessment and investigation proceedings of the BCCI and the IPL spread across the country. Tax......
‘Our IT Exemption has been cancelled and that's preventing us from helping other sports’ ‘We have never taken a penny from the government but have built world class facilities at......