income tax


HC rejects plea of firm linked to Vadra against Income tax notice

Feb 17 2018

HC has rejected the plea of a Delhi-based hospitality firm linked to Robert Vadra challenging an income tax department notice to it for re-assessment of its profits.

Income Tax raids on Punjab ex-minister's corporate offices

Feb 16 2018

Income Tax officials conducted a raid on the corporate offices of various companies owned by the family of controversial former Punjab cabinet minister Rana Gurjit Singh.

IT raid cases not to be processed under e-assessment: CBDT

Feb 13 2018

CBDT, the policy- making body of the IT department, issued an instruction yesterday to further explain how the system would work, once fully operational.

Shell cos crackdown: Govt removes exemptions from ITR filing

Feb 12 2018

The govt has proposed to remove exemption available to firms with tax liability of up to Rs 3,000 from filing I-T returns beginning next fiscal.

Nasscom worried over fall in angel, series A funding

Feb 12 2018

Nasscom has once again expressed concern over the falling fund flows into startups and called for added focus to galvanise the entrepreneurial ecosystem.

Direct tax kitty grows 19% to Rs 6.95 lakh cr in Apr-Jan

Feb 09 2018

The govt's direct tax kitty swelled to Rs 6.95 lakh cr during the Apr-Jan period of the current fiscal, a growth of 19.3% over the year-ago period.

DeMo depositors, all cos should file ITRs by Mar 31: I-T dept

Feb 09 2018

The I-T dept urged those who deposited "large amounts of cash" post demo and all companies to file their returns by Mar 31.

Do not take coercive steps against startups: CBDT to I-T dept

Feb 07 2018

The CBDT has directed the taxman not to undertake "coercive" steps in recovering pending taxes from startups under a specific provision of the Income Tax Act.

1 lakh Income Tax notices sent to Bitcoin investors

Feb 06 2018

The Indian Income Tax Department has issued about one lakh notices to people who have invested in cryptocurrencies like Bitcoin.

I-T dept issues notices to crypto currency investors: Chandra

Feb 06 2018

"People who have made investments (in cryptocurrency) and haven't declared income while filing taxes and have not paid tax on the profit earned by investing."

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Air India Jan Passenger Load Factor At 84.6% vs 81.8% MoM

Jet Airways Jan Passenger Load Factor At 88.7% vs 88.5% MoM

IndiGo Jan Passenger Load Factor At 89.7% vs 90.8% MoM

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Air India Jan Market Share At 13.3% vs 13.1% MoM

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SpiceJet Jan Market Share At 12.6% vs 12.7% MoM

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