Tag: Income Tax

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I-T dept conducts raids in bogus tax deductions case

New Delhi, Jul 14: The Income-Tax Department on Monday launched multi-city raids as part of a tax evasion probe against those entities which assist...

Oman plans to impose personal income tax, first among Gulf states

Dubai, June 23: Oman has rolled out plans to levy personal income tax as part of a broader push to move the sultanate's economy...

Income Tax department activates section wise mapping of I-T Act, Tax bill

New Delhi, Feb 15: Income Tax payers can now match the sections of the I-Tax Act, 1961, with the corresponding clauses in the simplified...

Nil tax for individuals earning up to Rs 12 lakh annually under new regime: FM

New Delhi, Feb 1: Individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax...

GST Council to finalise tax cuts on health, life insurance premiums in Nov, sets up GoM

New Delhi, Sep 10 (PTI): The GST Council on Monday reached a broad consensus on reducing taxes on health and life insurance premiums, and...

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