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Income Tax Department Enables Online Filing Of ITR Form Number 3
The Income Tax Department informed that it has enabled online filing of the ITR form number 3. Taxpayers who have business income, income from share trading, or even investments in unlisted shares can now file ITR-3 through the e-filing ITR portal.
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Congress' Appeal Against Tax Demand Of Rs 199 Crore Dismissed By Tribunal
The Congress will not get any relief for the income tax demand to the tune of Rs 199 crore in party funds, pending from 2018-19.
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Day After Tax Notice, Maharashtra Minister Seen With Bag Allegedly Full Of Cash
A day after an income tax notice was served to him to explain his exponential financial growth, Maharashtra Minister Sanjay Shirsat was seen smoking in a room with a bag, allegedly full of cash, next to him.
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Mark Carney's Team Unveils Tax Reliefs. Will It Benefit Indian Living In Canada?
The Canadian government has announced a significant personal income tax cut to ease financial stress on low and middle-class income families.
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Yes Bank Gets Income Tax Notice Of Rs 244 Crore
Yes Bank on Wednesday said it has received a demand notice of Rs 244.20 crore for assessment year 2016-17.
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"Artificial Urgency": Court Fines Anil Ambani Rs 25,000 Over Tax Case Hearing
The Bombay High Court has imposed a cost of Rs 25,000 on industrialist Anil Ambani for seeking an urgent hearing of his petition challenging a notice issued to him by the Income Tax department in April 2022, noting it as an "artificial urgency".
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IndiGo Faces Rs 944 Crore Tax Penalty, Terms It "Erroneous"
With the Income Tax Department imposing a penalty of Rs 944.20 crore on IndiGo, India's largest airline has termed the order "erroneous" and vowed to challenge it legally.
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Shah Rukh Khan Wins Tax Case As Tribunal Rules In His Favour
Actor Shah Rukh Khan has secured a big victory with the Income Tax authorities, with the Income Tax Appellate Tribunal or ITAT delivering a verdict in his favour.
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Crypto Trading Booms in India's Smaller Cities as Job Growth and Incomes Disappoint
Many young Indians are dabbling in crypto trading to supplement their regular income in the world's most populous country where jobs and pay increases have lagged world-beating economic growth. Nearly two-thirds of its 1.4 billion people are below the age of 35, according to a government report.
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New Income Tax Bill Tabled In Parliament. Here's What Is Different In It
Finance Minister Nirmala Sitharaman tabled the new income tax bill - which she had mentioned in her Budget speech on February 1, and which is expected to reduce the jargon in the Income-Tax Act of 1961, making it easier to understand.
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RBI Governor Says Crypto Discussion Paper Will Clarify India’s Stance on Virtual Assets; Industry Reacts
RBI Governor Sanjay Malhotra stated that the upcoming crypto discussion paper, being prepared under the Finance Ministry’s oversight, will provide clarity on the future of crypto assets in India. However, he did not specify a timeline for its release.
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Opinion | A Budget That Understands Balance
It is forward-looking, extending beyond FY26 to lay the groundwork for the next five years.
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"Systemic Correction, Not Just Tax Cut": Shark Tank's Anupam Mittal On Budget
People Group and Shaadi.com founder Anupam Mittal praised the Union Budget's provision to not tax salaried individuals earning up to Rs 12.75 lakh, calling it a "systemic correction".
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"Every Family Happy": PM Plays Up Budget Tax Breather At Delhi Poll Rally
As campaigning for the February 5 election in Delhi enters its last leg, Prime Minister Narendra Modi today pointed to Budget 2025 and played up the proposals for Bihar and the income tax relief to the middle class.
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"Move To Attract Delhi, Bihar Voters' Attention": P Chidambaram On Tax Cuts
Former Union finance minister, Congress's P Chidambaram, today ripped into the Union Budget 2025, criticising it on multiple heads including the biggest talking point -- the income tax rebate to the middle class
-
Income Tax Department Enables Online Filing Of ITR Form Number 3
The Income Tax Department informed that it has enabled online filing of the ITR form number 3. Taxpayers who have business income, income from share trading, or even investments in unlisted shares can now file ITR-3 through the e-filing ITR portal.
-
Congress' Appeal Against Tax Demand Of Rs 199 Crore Dismissed By Tribunal
The Congress will not get any relief for the income tax demand to the tune of Rs 199 crore in party funds, pending from 2018-19.
-
Day After Tax Notice, Maharashtra Minister Seen With Bag Allegedly Full Of Cash
A day after an income tax notice was served to him to explain his exponential financial growth, Maharashtra Minister Sanjay Shirsat was seen smoking in a room with a bag, allegedly full of cash, next to him.
-
Mark Carney's Team Unveils Tax Reliefs. Will It Benefit Indian Living In Canada?
The Canadian government has announced a significant personal income tax cut to ease financial stress on low and middle-class income families.
-
Yes Bank Gets Income Tax Notice Of Rs 244 Crore
Yes Bank on Wednesday said it has received a demand notice of Rs 244.20 crore for assessment year 2016-17.
-
"Artificial Urgency": Court Fines Anil Ambani Rs 25,000 Over Tax Case Hearing
The Bombay High Court has imposed a cost of Rs 25,000 on industrialist Anil Ambani for seeking an urgent hearing of his petition challenging a notice issued to him by the Income Tax department in April 2022, noting it as an "artificial urgency".
-
IndiGo Faces Rs 944 Crore Tax Penalty, Terms It "Erroneous"
With the Income Tax Department imposing a penalty of Rs 944.20 crore on IndiGo, India's largest airline has termed the order "erroneous" and vowed to challenge it legally.
-
Shah Rukh Khan Wins Tax Case As Tribunal Rules In His Favour
Actor Shah Rukh Khan has secured a big victory with the Income Tax authorities, with the Income Tax Appellate Tribunal or ITAT delivering a verdict in his favour.
-
Crypto Trading Booms in India's Smaller Cities as Job Growth and Incomes Disappoint
Many young Indians are dabbling in crypto trading to supplement their regular income in the world's most populous country where jobs and pay increases have lagged world-beating economic growth. Nearly two-thirds of its 1.4 billion people are below the age of 35, according to a government report.
-
New Income Tax Bill Tabled In Parliament. Here's What Is Different In It
Finance Minister Nirmala Sitharaman tabled the new income tax bill - which she had mentioned in her Budget speech on February 1, and which is expected to reduce the jargon in the Income-Tax Act of 1961, making it easier to understand.
-
RBI Governor Says Crypto Discussion Paper Will Clarify India’s Stance on Virtual Assets; Industry Reacts
RBI Governor Sanjay Malhotra stated that the upcoming crypto discussion paper, being prepared under the Finance Ministry’s oversight, will provide clarity on the future of crypto assets in India. However, he did not specify a timeline for its release.
-
Opinion | A Budget That Understands Balance
It is forward-looking, extending beyond FY26 to lay the groundwork for the next five years.
-
"Systemic Correction, Not Just Tax Cut": Shark Tank's Anupam Mittal On Budget
People Group and Shaadi.com founder Anupam Mittal praised the Union Budget's provision to not tax salaried individuals earning up to Rs 12.75 lakh, calling it a "systemic correction".
-
"Every Family Happy": PM Plays Up Budget Tax Breather At Delhi Poll Rally
As campaigning for the February 5 election in Delhi enters its last leg, Prime Minister Narendra Modi today pointed to Budget 2025 and played up the proposals for Bihar and the income tax relief to the middle class.
-
"Move To Attract Delhi, Bihar Voters' Attention": P Chidambaram On Tax Cuts
Former Union finance minister, Congress's P Chidambaram, today ripped into the Union Budget 2025, criticising it on multiple heads including the biggest talking point -- the income tax rebate to the middle class
