Current Affairs

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Page-3 of Income tax in India

Arbind Modi to be convener of task force to review Income Tax Act 1961

The Union Government has recently constituted a task force to review the Income Tax Act 1961 and draft...

📅 November 23, 2017

Jammu and Kashmir government launched a scheme for disabled soldiers and their dependents in collaboration with NHFDC

The National Handicapped Finance and Development Corporation (NHFDC) was set up in January 1997 as a non-profit company...

📅 September 28, 2017

Income Tax Amendment Bill passed in Lok Sabha

Lok Sabha has passed the Taxation Laws (Second Amendment) Bill, 2016 in the Lok Sabha. The Bill was...

📅 November 29, 2016

Union Cabinet approved proposal to levy 60% deduction on accounted deposits

The Union Cabinet has approved a proposal to levy close to 60% deduction on unaccounted deposits in banks...

📅 November 25, 2016

Salaried employees to get more tax benefits

Now, salaried employees who are earning up to Rs 5 lakh a year, are not required to file...

📅 July 22, 2012

E-file returns compulsory if income exceeds Rs 10 Lakhs

People with income of Rs 10 Lakhs per annum will have to file their tax returns electronically beginning...

📅 July 3, 2012

Govt to do away with multi-level TDS on software services

Giving respite to the software industry, the government announced that it would remove the complex multi-level system of...

📅 June 18, 2012

Direct tax revenue doubled to Rs 4.46 lakh crore in 5 yrs to FY11

During 2010-11, the government’s revenue from direct tax collection rose by 94% to Rs 4,46,935 crore in from...

📅 May 17, 2012

Prasar Bharati exempted from paying income tax

In a key respite to the nation’s public broadcaster, the Prasar Bharati has been relieved from paying any...

📅 May 14, 2012

I-T department detects over Rs 5800 crore hidden income in MSME

The Income Tax department has discovered more than Rs 5,800 Crore of concealed income in the low-profile Micro,...

📅 May 5, 2012

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Page-3 of Income tax in India

Arbind Modi to be convener of task force to review Income Tax Act 1961

Jammu and Kashmir government launched a scheme for disabled soldiers and their dependents in collaboration with NHFDC

Income Tax Amendment Bill passed in Lok Sabha

Union Cabinet approved proposal to levy 60% deduction on accounted deposits

Salaried employees to get more tax benefits

E-file returns compulsory if income exceeds Rs 10 Lakhs

Govt to do away with multi-level TDS on software services

Direct tax revenue doubled to Rs 4.46 lakh crore in 5 yrs to FY11

Prasar Bharati exempted from paying income tax

I-T department detects over Rs 5800 crore hidden income in MSME

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