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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The system will also compare the two schemes in an easy-to-understand format, said another source
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
The surprise action comes weeks after the broadcaster aired a two-part documentary, "India: The Modi Question"
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
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
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
You can benefit under the new tax regime but there are a few caveats
With revised customs duty across consumer electronics' manufacturers, analysts believe this measure would reduce costs for manufacturing mobile phones, TV panels, and kitchen chimneys
The new IT regime will be the default one but those tax payers wanting to continue with the old one can still do so
CBDT chief says there's no reason to provide differential treatment for filing I-T returns
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
But high-income individuals who avail of a variety of deductions will still prefer the old regime
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
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
Our equity strategists view the budget as positive for infrastructure and capex-sensitive sectors, says Goldman Sachs
India's taxation rates had been higher than others like the US or Brazil, though lower than other peers
Sitharaman said large macroeconomic considerations had been kept in mind, and fiscal consolidation had not been ignored
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