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Personal Income Tax

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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......

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......

Al Falah Group chief made Rs 415 crore 'dishonestly': ED

The Enforcement Directorate (ED) has secured a 13-day custodial remand for chairperson of the Al Falah group Jawad Ahmed Siddiqui, accused of generating over Rs 415 crore 'dishonestly' from......

Men posing as RBI officials stop cash van, flee with Rs 7 cr

In perhaps the first such incident in Bengaluru, unidentified men allegedly posing as Reserve Bank of India officials intercepted a ATM cash van and fled with about Rs 7 crore on Wednesday, police......

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:......

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.......

Personal income tax rises to Rs 5.7 trillion

'Personal income tax collections have been high on account of impressive advance tax mop-up.'Dilasha Seth reports. Photograph: Illustration: Dominic Xavier/Rediff.com   Reinforcing 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......

These eight countries don't pay personal income tax

Come July, everyone is rushing to file their last minute tax returns. But, there are some nations, where people don't struggle with tax returns or any hassles related to taxes. That's right.......

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