Tag: income tax

Highways safety push: Govt to fine contractors for repeat NH accidents; cashless treatment scheme for victims soon

Business
The Ministry of Road Transport and Highways will now impose penalties on contractors if more than one accident occurs in a year on a specific stretch of National Highway built under the build-operate-transfer...

IIHL and Invesco complete JV formation to grab a piece of fast-growing asset management market in India

Stocks
IndusInd International Holdings (IIHL), the promoter of IndusInd Bank, and US-based global investment firm Invesco Ltd have completed the formation of their new asset management joint venture in India, marking a key strategic move in...

Offshore Binance wallets under scanner as I-T dept acts against undisclosed crypto profits

Economy
Mumbai: More than 400 well-heeled individuals across India will be pulled up by the tax authorities for hiding their crypto trades on Binance,...

Is that exempt income actually so? Asks taxman, spooks many

Economy
Mumbai: Several senior professionals, equity partners of at least two Big4 firms, members of well-known partnership ventures as well as some of the...

Reforms set to boost consumption, won’t hit fiscal numbers: Moody’s

Economy
New Delhi: The recently announced Goods and services tax (GST) reforms will boost private consumption and support economic growth of India at a...

Tax dept builds case on Jane Street: Authorities seek to determine actual ‘decision-makers’; summon Jane’s Indian arm auditor EY

Business
Tax authorities have called upon EY, the auditor of Jane Street's Indian subsidiary, as they build a case against the US...

Income Tax refunds jump 474% since 2013-14, issuance time improves in past 11 years

Economy
Income Tax refunds have jumped 474 per cent in the last 11 years to Rs 4.77 lakh crore in 2024-25, significantly outpacing the...

NPS vs UPS: Big move for central government employees! NPS tax benefits now available under UPS – here’s what it means

Business
In a significant move aimed at strengthening the Unified Pension Scheme (UPS), the Finance Ministry has extended income tax benefits currently...

Direct tax collections rise 4.9%; advance tax up 3.9% in FY26 so far

Economy
India's direct tax collection for the financial year 2025-26 rose by 4.86% to Rs 5.45 lakh crore as of June 19, according to...

UAE rule, wary I-T to deter dodgy crypto deals

Economy
Mumbai: In the lane to launder money, the skill to move cryptos to control companies and properties in Dubai has been honed over...

India’s real GDP growth for FY26 may exceed 6.5 pc: ICRA

Economy
Leading ratings agency ICRA, in its latest outlook, has projected that India's real GDP growth for 2025-26 financial year will exceed 6.5 per...

Claimed HRA but skipped TDS? Income Tax department comes knocking with notices

Economy
Individuals who have claimed House Rent Allowance (HRA) exemptions in their tax returns over the past few years but failed to deposit the...

We’re 70 With a $1.4M IRA. Does a Roth Conversion Still Make Sense?

Market
Most people are going to end up somewhere in between, where converting to a...

I-T Department digs deep, explores unusual sources for info gathering

Economy
MUMBAI: Tax authorities are going to unprecedented levels in using the provision of the law that allows it to collect information from different...
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