The Latest Breaking News on Income Tax

Revenue secretary said the tax base has to widen before Centre can lower personal income tax rates.

A case has been registered against the Telangana Minister at the Bowenpally Police Station under sections 353 and 506 of the Indian Penal Code (IPC) for allegedly harassing an Income Tax (IT) Officer on Duty, said police officials.

If stay in India exceeds 182 days, then you will be a tax resident in India

When a taxpayer owns a house property in respect of which he services a home loan but resides in a different city owing to work or any other justifiable reason, he may be entitled to claim benefits in Income Tax under the old tax regime

NDTV promoters had contested the open offer and the acquisition of VCPL stake, asserting that the deal cannot go ahead without Sebi's nod as well as that of the Income Tax Department

Under the India Income-tax, the income tax is levied on any sum of money, movable property or immovable property received in excess of ₹50,000 by an individual without consideration (i.e., without a quid pro quo) or for inadequate consideration, except gifts received from a ‘relative’ or on marriage or by…

NEW DELHI: The budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with finance minister Nirmala Sitharaman on Monday.

Industry lobby CII is pushing for a cut in personal income tax rates.

Make no mistake, the contents of this financial statement are hitting the ‘just about managing’ middle classes devastatingly hard. No jam in sight anywhere for the JAMs… By freezing the basic and higher rate income tax thresholds until 2028, the Treasury hopes to raise £6 billion, as this stealth tax…