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......

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......

Want To Donate To A Political Party? Read This!

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......

UP shopkeeper stunned by Rs 141 crore tax notice

A small grocery store owner in Bulandshahr has alleged that his PAN card was misused to set up six companies in Delhi after he received a notice from the Income Tax Department over sales worth more......

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......

GST and income tax cuts to spark sustained growth

GST Reform 2.0, which trims tax slabs from four to two, signals a push for demand-led growth, and together with recent income tax cuts, sets the stage for sustained economic growth, experts said.......

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",......

Jawahar Lal Nehru Stadium to be revamped as Sports City

IMAGE: The Jawahar Lal Nehru Stadium in New Delhi, which was built in 1982 for the Asian Games, later hosted the 2010 Commonwealth Games for which it was refurbished at a cost over Rs 900 crore.......