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Page 2 - Latest Updates on Income tax

Income Tax 'survey' operations at BBC offices continues for third day

The Income Tax department's 'survey' at the BBC office here continued for the third straight day as officials gathered financial data from select staffers and made copies of electronic and paper data

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Updated On : 16 Feb 2023 | 11:22 PM IST

Top headlines: ALT's ESG rating under review, Srei group resolution & more

Business Standard brings you the top headlines at this hour

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Updated On : 16 Feb 2023 | 9:10 AM IST

Old vs new: Soon, I-T portal may show which tax regime's best for you

The system will also compare the two schemes in an easy-to-understand format, said another source

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Updated On : 15 Feb 2023 | 11:21 PM IST

Income Tax Department sleuths survey BBC's Mumbai studios, Delhi office

The sources also said that the team reached there to verify documents and some of the employees were also asked to leave the office and go home

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Updated On : 14 Feb 2023 | 4:35 PM IST

Fully cooperating with Indian income tax authorities, tweets BBC

The surprise action comes weeks after the broadcaster aired a two-part documentary, "India: The Modi Question"

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Updated On : 14 Feb 2023 | 4:29 PM IST

Govt mulls modified valuation norms for taxing foreign investments in cos

The Department is likely to come out with modified valuation rules under the I-T Act for ascertaining FMV of shares of unlisted companies for the purpose of levying tax on non-resident investments

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Updated On : 12 Feb 2023 | 2:06 PM IST

New tax regime to benefit middle class; leave more money in their hands: FM

She said it is not necessary to induce individuals to invest through government schemes but give him an opportunity to make a personal decision regarding investments

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Updated On : 11 Feb 2023 | 3:06 PM IST

New tax regime to leave higher disposable income with people: Sitharaman

The Union Budget 2023-24, astutely balances the requirement for India's development imperatives within the limit of fiscal prudence, Finance Minister Nirmala Sitharaman tells Lok Sabha

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Updated On : 10 Feb 2023 | 6:24 PM IST

New and old: How two tax regimes work for home loan interest benefit

You can benefit under the new tax regime but there are a few caveats

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Updated On : 10 Feb 2023 | 6:04 PM IST

Customs duty cut, I-T slab rejig to boost consumer durable stocks: Analysts

With revised customs duty across consumer electronics' manufacturers, analysts believe this measure would reduce costs for manufacturing mobile phones, TV panels, and kitchen chimneys

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Updated On : 10 Feb 2023 | 9:37 PM IST

From savings to spending: What new IT rules tell us about govt's intentions

The new IT regime will be the default one but those tax payers wanting to continue with the old one can still do so

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Updated On : 05 Feb 2023 | 11:48 AM IST

Trustees will be liable in case of non-payment of exit tax: CBDT chief

CBDT chief says there's no reason to provide differential treatment for filing I-T returns

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Updated On : 03 Feb 2023 | 11:32 PM IST

Govt expects 'fabulous' response to revamped I-T regime: CBDT chief

The 2023-24 Budget has proposed changes to the new optional tax regime which provides that no tax would be levied on annual income of up to Rs 7 lakh

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Updated On : 03 Feb 2023 | 12:55 PM IST

Budget 2023: New tax regime (II) can help you save more in taxes

But high-income individuals who avail of a variety of deductions will still prefer the old regime

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Updated On : 03 Feb 2023 | 1:24 AM IST

Old income tax regime vs new income tax regime: Which one is better?

New income tax regime: The taxpayers can avail of several deductions under the old income tax regime using section 80C etc. But under the new tax regime, no such deductions are allowed

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Updated On : 02 Feb 2023 | 5:37 PM IST

Budget 2023: Gaming industry welcomes TDS change, awaits clarity on GST

Budget 2023: The Centre has also made a distinction between 'games of skill' and 'games of chance' in the Finance Bill, signalling that both might get a separate tax structure in future

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Updated On : 02 Feb 2023 | 5:59 PM IST

Capex push, tax rationalisation: Brokerages give a thumbs-up to Budget 2023

Our equity strategists view the budget as positive for infrastructure and capex-sensitive sectors, says Goldman Sachs

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Updated On : 02 Feb 2023 | 8:34 PM IST

Push for new income-tax regime: Pain points & what's on offer in Budget

India's taxation rates had been higher than others like the US or Brazil, though lower than other peers

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Updated On : 02 Feb 2023 | 2:04 AM IST

Want to make exemption-free tax regime attractive for people: FM Sitharaman

Sitharaman said large macroeconomic considerations had been kept in mind, and fiscal consolidation had not been ignored

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Updated On : 02 Feb 2023 | 12:20 AM IST

'Reward the rich' politics

With a 10% tax cut for the super-rich, has the Modi government lost it? If this is what we believe, we are still caught in oldthink in our political economy

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Updated On : 01 Feb 2023 | 11:24 PM IST