Tax  

Karnataka MP Rajeev Chandrasekhar lashed out at the Congress with regard to I-T sleuths finding more than Rs 2 crore cash from Narayana Gowda Patil, top official from the rural development department. He also questioned seven-time Congress MP KH Muniyappa for amassing 400 acres of benami land.

Prime Minister Narendra Modi has written a blog recalling Mohandas Karamchand Gandhi's Dandi March, the important role Sardar Vallabhbhai Patel played in organising the event and the reasons for which the Mahatma wanted the Congress to be dissolved once India had attained freedom from the British rule  
 

Finance minister Arun Jaitley on Friday announced that the income tax exemption limit on gratuity has been doubled from the existing Rs 10 lakh. The move is beneficial to employees, who are not covered under the Payment of Gratuity Act, 1972.

Two tonnes of ‘tendu leaves’, which are used to wrap Indian cigars or beedis, were seized in India during an attempt to smuggle them to Sri Lanka to evade import tax

Till now, the income tax department used to issue refunds to taxpayers either in their bank accounts or through account payee cheques, on a case-to-case basis, depending on the category of taxpayers
 

The central government had earlier this month appointed Mody as the CBDT boss and he took charge of the policy-making body of the Income Tax Department on February 15. He succeeded Sushil Chandra who was appointed as an election commissioner.

Scores of parked cars of a defunct call taxi company went up in flames covering the area in thick smoke in Chennai. Reason for fire yet to be ascertained.

The Income-Tax officials carried out the raids at around 6:30 am on Thursday on suspicion of tax evasion. I-T officials also raided minister KC Veeramani’s house

The Union Budget 2019-20 presented by finance minister Piyush Goyal on February 1 has remarkable features beyond tax relief, support to farmers and fiscal discipline despite a welfare bonanza. Read on to know how India as well as Bharat is getting empowered.