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Income-Tax News

12 Aug 2020

Chinese national Luo Sang, busted by I-T Dept, was arrested by Delhi Police fo

Chinese national Luo Sang, busted by I-T Dept, was arrested by Delhi Police for spying in 2018 Luo Sang took a fake identity 'Charlie Peng' in India Delhi Police had alleged that 'Charlie Peng' was spying for China and running money laundering and hawala transaction businesses 'Charlie Peng' had even married a Manipuri girl to make the process of his acquiring an Indian passport easier

20 Sep 2019

At Rs 1.45K cr, govt's burden for cutting corp tax is 33% of defense budget

The total estimated expenditure to be born by the government is 33.64 percent of India's total Defense Budget at Rs 4,31,010.79 crore.

20 Sep 2019

How India Inc reacted to FM's announcement on corporate tax, MAT rate cuts

The Finance Ministry on Friday announced that corporate tax rates will be slashed to 22 percent for domestic companies and 15 percent for new domestic manufacturing companies.

20 Sep 2019

Corporate tax rates slashed to 22% for domestic cos, 15% for new domestic cos

The effective tax rate for these companies shall be 25.17% inclusive of surcharge & cess. Also, such companies shall not be required to pay Minimum Alternate Tax.

29 Jul 2016

Govt extends last date for filing tax returns to August 5

The last date for filing income-tax returns has been extended to August 5.

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