Tag: income tax

Income Tax Carries Out Searches At Premises Linked To RJD MP in Bihar

October 11, 2023 admin

The MP’s premises had earlier been raided in connection with the land-for-jobs scam. Katihar/Purnea/Bhagalpur/Muzaffarpur: Income Tax sleuths on Wednesday carried out searches on premises linked to Rashtriya Janata Dal (RJD) Rajya Sabha MP Ahmad Ashfaque Karim at multiple locations in Bihar on Wednesday. The MP is the main trustee and the founder chancellor of Katihar-based…

Nation

Over 30 Lakh Audit Reports Filed On Income Tax Department Website

October 2, 2023 admin

To facilitate the taxpayers, extensive outreach programmes were carried out New Delhi: Over 30 lakh audit reports (TAR) were filed till September 30 on the e-filing portal of the Income Tax Department, the tax authority said on Monday. The Income-tax Department through the release appreciated taxpayers and tax professionals for making compliances on time. Those…

Business

Individuals reporting annual income of above ₹1 crore doubles in 2 years to 1.69 lakh

August 7, 2023 admin

File. | Photo Credit: V. RAJU Individuals reporting annual total income of over ₹1 crore have doubled to 1.69 lakh in the two-year period ending March 2022, the income tax department data showed. As per the tax return data filed in assessment year (AY) 2022-23, relating to income earned in fiscal 2021-22, 1,69,890 individuals have…

Business

New tax regime ‘sweetened’ to benefit maximum number of taxpayers: CBDT Chairman

February 2, 2023 admin

File picture of Union Finance Minister Nirmala Sitharaman with Nitin Gupta, Chairman, Central Board of Direct Taxes | Photo Credit: Vedhan M The new income tax regime for filing returns has been “sweetened” in the Budget 2023-24 and it will be beneficial for maximum number of taxpayers as they can enjoy a “reduced” tax rate,…

Business