The number of crorepati taxpayers in India increased five times to 2.2 lakh in the income tax assessment year (AY) 2024, compared to AY 2014, according to a new report.
Coming after a wait of almost six months, the Uni on Budget had kindled hopes in many breasts only to be dashed rudely by the Budget document. People who had set their sights on increasing their take home in come were left wondering whether they were better off earlier.
The Revenue Secretary further stated that the efforts of the government will continue to provide a hassle-free, simple, and collaborative approach towards the implementation of taxes.
As a result of these changes, the finance minister said, a salaried employee in the new tax regime stands to save up to Rs 17,500.
The Supreme Court on Friday said that it will hear on July 22 a batch of petitions seeking a probe by a Special Investigation Team (SIT) into the alleged instances of quid pro quo arrangements between corporates and political parties through Electoral Bonds donations.
Commenting on the recent Income Tax raids on Congress MP Dhiraj Sahu's premises, in which crores of rupees were unearthed, Union Minister of State Ramdas Athawale said that Congress MP Rahul Gandhi should speak on the matter.
Even as the ongoing Income Tax raids on liquor merchants and outlets across several districts of Odisha and seizure of huge amounts of cash continue
crores of rupees were recovered from party MP Dheeraj Kumar Sahu's premises during Income Tax raids.
Shares of R R Kabel are trading in the red on Thursday after Income Tax searches at its offices and factories.
Enforcement directorate, probing the alleged money laundering into the PDS scam today sought report from the Income Tax (I-T) department after the alleged claim by arrested former food and civil supplies minister Jyotipriya Mallick
