Income tax
Tax based on taxable income
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An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them. Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income.
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Massive seizure in IT raids: 52 kg gold, over Rs 10 crore cash found in abandoned vehicle in BhopalIncome Tax authorities unearthed 52kg of gold and Rs 10 crore cash from an abandoned vehicle near Bhopal, linked to raids on real estate firms. The operation, targeting 52 locations across three..IndiaTimes - Published | |
Mamata dares I-T officials to check chopper of BJP leadersWest Bengal Chief Minister Mamata Banerjee challenged Income Tax officials on Monday to inspect the helicopter used by BJP leaders for their election campaign. This comes after a controversy arose over..IndiaTimes - Published | |
Tax notices: Attempt to choke party financially, says Congress; not above law, counters BJPCongress claimed that it has been served multiple income tax notices. Union minister Anurag Thakur defended the issuance of new notices by the Income Tax department to the Congress and accused the..IndiaTimes - Published | |
I-T freeze trustβs account of Shiv Sena MP Bhavana GawaliThe Income Tax (I-T) department froze the bank account of Mahila Utkarsh Pratishthan trust headed by Shiv Sena (CM Eknath Shinde camp) MP Bhavna Gawali for a Rs 8.26 crore tax demand. I-T issued a..IndiaTimes - Published | |
I-T: Raids on MP Sahu led to seizure of 351 crore in cash, 2.8 crore jewelleryThe search operation undertaken by the income tax department at the premises linked to Congress Rajya Sabha MP Dhiraj Sahu has resulted in seizure of undisclosed cash amounting to more than Rs 351..IndiaTimes - Published | |
With Rs 290 crore from Income Tax raid, Odisha cash haul set to be 'highest-ever'The tax department has deployed about 40 large and small machines to count the currency notes and brought in more department and bank staffers to finish the process, which began on December 6 following..DNA - Published | |
'BJP, BRS are using ED, Income Tax department to target our party leaders,' Telangana Congress chief Revanth ReddyTelangana Congress President Revanth Reddy accused the BJP and BRS of misusing the ED and IT departments in the recent raids on Congress leaders. He claimed that individuals who helped Vivek..IndiaTimes - Published | |
IT raids premises of Congress leader Ponguleti Reddy in poll-bound TelanganaIncome Tax officials conducted raids on the residence of Congress leader Ponguleti Srinivas Reddy in Telangana's Khammam district ahead of the upcoming assembly polls. Reddy, a former member of the Lok..IndiaTimes - Published | |
Income Tax searches on liquor firm Som's premises in five statesThe Income Tax (I-T) department conducted searches at the residence and business premises of Jagdish Arora, owner of the Bhopal-based Som Group, on Tuesday. The raids spanned across 50 locations in..IndiaTimes - Published | |
'BJP's washing machine has resumed operations': Congress after Ajit Pawar joins Eknath Shinde govtCongress' Jairam Ramesh said, "Clearly the BJP's Washing Machine has resumed its operations. A number of new entrants into the BJP-led alliance in Maharashtra today had been facing serious corruption..DNA - Published | |
Two BRS MLAs, MP under Income Tax department scannerIndiaTimes - Published | |
'Good friends can also disagree': UK high commissioner on raids at BBC offices in Delhi, Mumbai'Good friends can also disagree', British High Commissioner Alex Ellis on Wednesday said in response to questions on raids at BBC offices in Delhi and Mumbai by the Income Tax department earlier this..IndiaTimes - Published | |
BBC cannot hide 'economic offences' under garb of freedom of expression: BJPThe BJP said on Wednesday the BBC or any other organisation cannot hide their "economic offences" under the garb of freedom of expression. The British broadcaster is under the Income-Tax department..IndiaTimes - Published | I-T department's marathon 'surveys' at BBC offices end after nearly 58 hoursAfter nearly three days, the Income Tax department finally ended its extensive "surveys" at the British Broadcasting Corporation (BBC)'s offices in New Delhi and Mumbai with officials preparing an..IndiaTimes - Published |
'Height of dictatorship': Opposition's fiery comments on Modi govt after income tax 'survey' of BBC officesAfter the Income Tax department conducted a 'survey' of the BBC offices in Delhi and Mumbai, the opposition leaders came down heavily on PM Modi-led central government.DNA - Published | All India Bar Association welcomes Income Tax Department survey on BBCBBC's Indian headquarters were inspected by Income Tax inspectors on Tuesday.DNA - Published |
Congress attacks govt over Income Tax survey operation at BBC officesIndiaTimes - Published | Revealed: Reason behind Income Tax survey at BBC offices in Delhi, MumbaiAccording to sources, IT Department were conducting the survey at BBC offices in Delhi, Mumbai officers over allegations of international taxation and irregularities in transfer of money.DNA - Published |
BREAKING: After Delhi, Income Tax survey at BBC's office in Mumbai, Congress says 'Vinashkale vipreet buddhi'It is learned that the IT Department officers have asked the BBC staff to keep their phones shut during their 'survey'.DNA - Published | Who is Jakir Hossain, TMC MLA from whose house Income Tax department seized over Rs 10 croreIn Murshidabad and Kolkata, IT department has seized more than Rs 10 crore in cash from properties of TMC MLA Jakir Hossain.DNA - Published |
Inside Bihar assembly, Tejashwi Yadav fumes at BJP over CBI raidsStung by raids on a number of RJD leaders, Bihar deputy chief minister Tejashwi Prasad Yadav on Wednesday called the Enforcement Directorate (ED), the Central Bureau of Investigation (CBI) and the..IndiaTimes - Published | |
