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income tax

Income Tax dept conducts search on unicorn Infra.Market

Finance

20 March, 2022

Income Tax dept conducts search on unicorn Infra.Market

The Income Tax department said in an official statement on Sunday that it has conducted a search and seizure operation ......

Govt brushes off proposal for coronavirus tax on super rich

Finance

27 April, 2020

Govt brushes off proposal for coronavirus tax on super rich

A group of Indian Revenue Service officers have recommended taxing the super rich, and foreign companies, to help pay for ......

Govt halts key policy plans as revenues shrink

Finance

17 March, 2020

Govt halts key policy plans as revenues shrink

India has dropped at least three crucial policy initiatives, including lowering import taxes on vegetable oils, as the outbreak of ......

As govt revenue falls, taxmen target jewellers in three-year-old demonetisation cases

Finance

27 February, 2020

As govt revenue falls, taxmen target jewellers in three-year-old demonetisation cases

Indian jewellers have received surprise tax notices asking them to turn over money they made from customers who scrambled to ......

Budget 2020: Tax tweaks but little else as govt wishes for a revival

Economy

01 February, 2020

Budget 2020: Tax tweaks but little else as govt wishes for a revival

On Saturday, while delivering her second union budget speech, Nirmala Sitharaman spoke for almost two hours and 40 minutes, the ......

Budget 2020: Sensex, Nifty slump as Sitharaman leaves investors disappointed

Markets

01 February, 2020

Budget 2020: Sensex, Nifty slump as Sitharaman leaves investors disappointed

Indian stocks slumped in the special trading session on Saturday as finance minister Nirmala Sitharaman’s budget for the next financial ......

Govt likely to raise spending in budget to revive economic growth

Finance

28 January, 2020

Govt likely to raise spending in budget to revive economic growth

Indian Prime Minister Narendra Modi’s government is expected to raise spending on infrastructure and cut some personal tax in its ......

India faces first fall in direct taxes in at least two decades

Economy

24 January, 2020

India faces first fall in direct taxes in at least two decades

India's corporate and income tax collection for the current year is likely to fall for the first time in at ......

Govt may cut capital gains tax, personal income tax rates in budget

Finance

17 December, 2019

Govt may cut capital gains tax, personal income tax rates in budget

The government is likely to trim personal income tax rates and cut the tax on long-term capital gains from equity ......

Tax officials find PM Modi's targets too taxing, some quit

Economy

15 November, 2019

Tax officials find PM Modi's targets too taxing, some quit

India’s tax officials are facing a taxing issue. Prime Minister Narendra Modi’s government wants them to collect 17% more in direct ......