Tag: Income Tax
Sonia Gandhi’s Son In Law Robert Vadra Underreported His Income From Benami Landholdings To The Tune Of Rs 106 Crore In 11 Years
THE INCOME-TAX Department has alleged that Robert Vadra, son-in-law of Congress President Sonia Gandhi, under-reported his income from benami landholdings in Rajasthan by Rs 106 crore over 11 years. It has proposed to add this amount to his income during assessment years 2010-11 to 2020-21,… Read More
Florida State Governor Declares October As Hindu Heritage Month
Governor Ronald DeSantis, the 46th Governor of Florida and a former Member of the U.S. House of Representatives from the state was first elected to Congress in 2012. DeSantis serves a diverse community and Indians are part of the vibrant Florida community. Florida is home to… Read More
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IT Dept Cancels Its 80G benefits To PFI, Cites Violation Of Rules
The Income Tax Department has revoked the tax exemption benefit given to Islamic Organisation PFI after it found that its activities were allegedly not genuine as required to be undertaken by a legally notified charitable organisation.The department recently cancelled the registration of the Popular Front… Read More
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Jaitley says IT raids conducted only on the basis of material evidence, no political vendetta
Opposition Parties criticized the rampant IT raids and said that the BJP is conducting it out of political vendetta. Finance Minister, Arun Jaitley refuted the accusations and said that raids were conducted only if material evidence was available. The raids did result in the uncovering… Read More
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Raids conducted on CM Kamal Nath’s aides
The Income Tax Department conducted raids across 50 locations in Delhi and Madhya Pradesh against the aides of MP CM, Kamal Nath in connection with an illegal transaction case. These raids follow the raids conducted on places owned by those linked to the Congress-Janata Dal… Read More
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IT Officers warned by Chandrababu Naidu
Andhra Pradesh CM, Chandrababu Naidu lashed out against PM Modi due to the raids being conducted against Telugu Desam Party (TDP). He warned the Income Tax Officers that they would face 'serious consequences' if the raids continued. Naidu need not fear and he should be… Read More
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रिश्वत लेने के आरोप में बेंगलुरु के इनकम टैक्स ऑफिसर नरेंद्र सिंह को सीबीआई ने किया गिरफ्तार
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Government to check social media to reduce tax evaders
The Income Tax Department has inaugurated an initiative named Project Insight which scans social media sites to estimate the spending patterns of the population. The attempt is to correlate the pictures and videos on social media with the bank balance of the individuals and necessary… Read More
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Income Tax Department Inaugurated Redressal Desk In Gujarat
Income Tax Departments introduced a redressal week for the tax payers of Gujarat, the highest tax payer state in India that pays about 11.8 % of tax among 6.5% of population. The redressal desk is for filing the grievance and difficulties in paying tax, while… Read More
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IN INDIA – ONLY 1% PAY INCOME TAX, 99% DO NOT… THAT SHOULD CHANGE?
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ONLY 5.5% INDIAN EARNERS PAY INCOME TAX