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SC Permits IT Department To Open Case Against Amitabh Bacchan 2016-05-11 11:08:43
The Supreme Court today has allowed the Income Tax department to open 2001 tax case against actor Amitabh Bacchan over objections made by the department in his earnings during the quiz show Kaun Banega Crorepati (KBC). The apex court has...
Keywords: Panama Paper Leaks, The Supreme Court, Income Tax Department, Income Tax Department
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EC cancels RK Nagar bypoll 2017-04-10 06:33:57
The election commission has decided to cancel the by-election to the R K Nagar constituency, which is scheduled on April 12. This comes two days after the income tax department has raided the Tamil Nadu health minister Vijayabaskar and reportedly...
Keywords: AIADMK Amma party, AIADMK Amma party, election commission, election commission
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Government To Add 200% Penalty On Depositing Cash Above Rs. 2.5 Lakh 2016-11-10 04:13:20
After the historical decision of banning Rs. 500, Rs. 1000 notes from the market to curb the fake currency flow as well as to take out the black money, the government has now warned that the penalty of 200% as...
Keywords: ban on notes, ban on notes, PM Narendra Modi, RBI
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Breaking the tradition, Union Budget 2017 presented on 1st February 2017-02-01 11:48:09
Finance Minister Arun Jaitley has put forth reforms in the personal tax that are expected to bring some cheer to the common man and the salaried class, during his presentation of Union budget of 2017. The main highlights of this...
Keywords: Arun Jaitley, Income tax, Union budget 2017, Union budget 2017
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Home, auto loans to become cheaper due to repo rate cut 2016-04-05 10:38:28
Home, auto and other loans are set to become cheaper while RBI on Tuesday gave a cut in the short-term lending rate by 0.25 percent which is a 5-year low of 6.5 per cent, taking the total cut to 1.5...
Keywords: Repo rate cut, RBI, Repo rate cut, Fixed Incomeat Quantum Mutual Fund
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A Delhi Lawyer Declares Unaccounted Income Of Rs. 125 Crore 2016-10-20 05:53:50
A lawyer in Delhi, practicing at the Delhi High Court as well as the Supreme Court has surprised the Income Tax officials after declaring his unaccounted income of Rs. 125 crores. Reports said that the lawyer made the declaration after...
Keywords: Delhi, lawyer, Income Tax department, Income Tax department
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