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Government withdraws Income-Tax Bill, 2025; updated version to be tabled on MondayThe Income-Tax Bill, 2025, intended to replace the 1961 Act, has been withdrawn by the government. A revised version, incorporating recomme...
Do you claim rent and home loan exemptions? You could be under IT scanner. Read howThe Income Tax Department has employed AI to investigate taxpayers' returns, with fraudulent claims related to house rent and housing loan ...
Rent, home loan claims to come under I-T lens“The income heads where high numbers of discrepancies are found are house rent allowance (HRA) and home loan repayments. The misuse of thes...
Greater Noida authority forms committee to assess structural safety of high-risesThe committee formed by the authority will take help of IIT Delhi or a similar institute to study the current provision of structural safet...
Parliamentary panel raises questions over Coal India arm hiring equipment for Rs 859 croreIt also sought a note from the coal producing company on the comparative effectiveness of hiring in comparison to owning of HEMMs. The comm...
View: Marry faceless regime with virtual tax hearingThe apex body, Central Board of Direct Taxes (CBDT), under the ministry of finance, has agreed to examine the suggestion made in the course...
Ex-BJP MLA Kuldeep Singh Sengar gets life imprisonment in Unnao rape caseSengar will remain in jail for "remainder of his natural biological life" for raping a woman in Unnao in 2017, a Delhi court said on Friday...
Model Tenancy Bill: How it benefits tenants and home ownersThe draft legislation proposes to set up a rent court for addressing issues related to tenancy and rent.
Private vaults in Vardaan market under I-T LensOf the vaults of different sizes, 647 have been allotted to individuals, said a committee member of the Vardaan Shop and Office Owners Asso...
MPC signals shift to hawkish stance, rates could rise soonThe RBI panel, in its April policy meeting, had voted for a pause in the repo rate.
Single GST form likely for service providersThe GST Council is expected to consider on January 18 significant relaxation in the law and procedures, including a centralised registratio...
High oil prices, volatile exchange rate risk to inflation: RBIThe RBI looks at retail or consumer price-based inflation to decide monetary policy stance. The retail inflation stood at 3.41 per cent in ...
Land Bill gets a Bharatiya Kisan Sangh boost; dilutes opposition to social impact assessment and consent clauseThe change in the key farmer body's stand on these issues is likely to take the sting out of this ploy to mount pressure on govt during del...
TSR Subramanian panel bats for new green normsIf the proposal to create NEMA is accepted, Subramanian told ET, "The ministry will be the final approving body but it will have to give a ...
CWG scam: Rs 100 crore telecommunication system, Tetra wireless system ‘ill-conceived 'The CAG report has called the decision "ill-conceived" , claiming that proper assessment of the requirements of the main user, Delhi Police...
- MPs' salary dwarfed by perks
An annual package of Rs 27 lakh is nothing to sneeze at.
- I-T inspection finds Rs 37 crore default by private airline
Income Tax department (Bangalore circle) have found that a private airline had not remitted to the government a part of the tax it has been...
- Mumbai property tax reforms on slow track
Residential and commercial property owners in South Mumbai allowed the luxury of paying a ridiculously-meagre property tax can heave a sigh...
- Octroi is here to stay
Maharashtra government is not yet ready to scrap or even phase out the octroi duty in cities governed by municipal corporations.
- City property tax may not rise yet
Politics has once again prevailed over civic reforms in Mumbai. The Vilasrao Deshmukh government has deferred the move to rationalise the c...