Income Tax

Rediff.com » News » Income Tax

News for Income Tax

News
Business
Sports

HC quashes tax notices to Prannoy Roy, wife; imposes cost on I-T department

The Delhi high court on Monday quashed the 2016 income tax notices to NDTV founders Prannoy Roy and Radhika Roy and asked the department to pay Rs 1 lakh to each of them as token cost. IMAGE: NDTV......

SC seeks Centre's response on plea against anonymous political donations

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......

MP ministers to pay their income tax ending 52-year-old rule

The Madhya Pradesh cabinet on Monday approved a bill providing for seizing vehicles involved in the transportation of cows for slaughter and also gave its nod to another proposed legislation under......

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......

Live selfie, location lock: India tightens KYC rules for crypto exchanges

In an effort to eliminate illegal activity in the digital asset market, India's Financial Intelligence Unit has unveiled stringent new Anti-Money Laundering and Know Your Customer protocols for......

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......

ITR forms under new Income Tax Act to be notified prior to FY28: Govt

The new income tax returns (ITR) form based on the I-T Act, 2025, will be notified prior to 2027-28 fiscal year, Minister of State for Finance Pankaj Chaudhary said on Monday. Illustration:......

Key changes in the new Income Tax Bill

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......

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......

Shami gets SC notice on wife's plea for higher maintenance

The petition points out that Shami's annual income, as disclosed in his Income Tax Return for 2021-22, stood at nearly Rs 48 crore, while she has been forced to live in "downtrodden conditions",......

Income Tax

News for Income Tax

HC quashes tax notices to Prannoy Roy, wife; imposes cost on I-T department

SC seeks Centre's response on plea against anonymous political donations

MP ministers to pay their income tax ending 52-year-old rule

Income of thousands, hit with tax notice for crores!

Live selfie, location lock: India tightens KYC rules for crypto exchanges

Why Income Tax Cases Drag On For Decades

ITR forms under new Income Tax Act to be notified prior to FY28: Govt

Key changes in the new Income Tax Bill

285 Tweaks Proposed to Income Tax Bill

What You Must Know About New Income Tax Act

Shami gets SC notice on wife's plea for higher maintenance

Top Coverage News

World Test Championship 2023

Manipur's Tragedy

IPL 2023

Sri Lanka's Tour of India 2023

GUJARAT, HIMACHAL GO TO POLLS