Compensation for land acquired for bullet train project not taxable: HC

The Bombay high court has held that income tax cannot be deducted from an amount given by way of compensation for property the National Hi-Speed Rail Corporation Ltd acquired for the......

Why did Modi meet Karunanidhi?

'The prime minister's advisers may have told him that going along with this AIADMK government will damage his image.' IMAGE: Prime Minister Narendra D Modi meets DMK chief M Karunanidhi and the......

HUL gets Rs 963 cr Income Tax demand notice

Leading FMCG maker HUL said that it has received a demand notice of Rs 962.75 crore from the Income Tax Department and will go in for an appeal against the order. Photograph: Philippe......

Did Mumbai Pay Rs 5 Trillion In Taxes?

Mumbai, which adds 37 per cent to the total direct tax mop-up, has reported tax collection of Rs 4.93 trillion so far, against the full-year target of Rs 5.35 trillion. Illustration: Dominic......

Taxmen slap prosecution notice on Jet Airways for TDS defaults

Income Tax authorities have slapped prosecution notice on Naresh Goyal-promoted Jet Airways for tax deduction at source payments default, official sources said on Thursday. The notice was served to......

132,497 Indians Have Income Of 1 Crore Plus

7 states account for over 80 per cent of the total direct tax collections by the Union government. Illustration: Uttam Ghosh/Rediff.com   Have more Indians come under the income-tax net over......

IPL: How Do The Players Get Paid?

Will Ishan Kishan get Rs 15.25 crore for one year, or for three years?Do the players get their IPL payments, whether it is in full or in part, and what is the payment schedule?Harish......