Jaitley says IT raids conducted only on the basis of material evidence, no political vendetta
Photo: Livemint

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
Photo: India Today

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
Photo: Google

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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Bengluru income tax officer narndra singh arrestedBengluru income tax officer narndra singh arrested, ourvoice, werIndia, ourvoice, werIndia
Photo: LatestLY

रिश्वत लेने के आरोप में बेंगलुरु के इनकम टैक्स ऑफिसर नरेंद्र सिंह को सीबीआई ने किया गिरफ्तार

रिश्वत लेने के आरोप में बेंगलुरु के इनकम टैक्स ऑफिसर नरेंद्र सिंह को सीबीआई ने गिरफ्तार किया। सीबीआई को एक लॉकर से 30 लाख रुपये और 1450 अमेरिकी डॉलर मिले। आप्को बता दे की इसी मामले में एक और इनकम टैक्स ऑफिसर को सीबीआई ने गिरफ्तार किया था। Source: opinion Read More

  • LatestLY
  • 5 Apr 2019
  • Minu Verma
  • Comment

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Government to check social media to reduce tax evaders
Photo: Livemint

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

  • Zee Business
  • 1 Apr 2019
  • Kodhai
  • Comment

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Income Tax Department Inaugurated Redressal Desk In Gujarat
Photo: Times Of India

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

  • Times of India
  • 5 Mar 2019
  • K Roy
  • Comment

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Income Tax
Photo: NDTV

IN INDIA – ONLY 1% PAY INCOME TAX, 99% DO NOT… THAT SHOULD CHANGE?

For financial year 2012-13 (later years data not yet available), only 2.9 crore out of 120+ crore file income taxes, and only 1.25 crore pay any income taxes. The average tax payable was 21,000. And there were more than 5,000 individual income tax returns with tax payable of more than… Read More

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Income Tax Department of India
Photo: Facebook

ONLY 5.5% INDIAN EARNERS PAY INCOME TAX

Today, only 4% of voters are income tax payers and only 5.5% of earners pay any income tax. Also, only 15% of income is being reported, meaning 85% of income is not being reported or exempted from income tax as it is for farming income. So, if India has to… Read More

  • http://www.thehindu.com/todays-paper/tp-business/only-55-who-earn-are-tax-payers-economic-survey/article8287084.ece
  • 29 Feb 2016
  • WerIndia
  • Comment

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