The total number of women filing income tax returns in India has shot up by a robust 25.3 per cent in the last four years from 1.83 crore in assessment year (AY) 2019-20 to over 2.29 crore in AY 2023-24, according to figures compiled by the Income Tax Department.
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.
Officers of Income Tax (I-T) department conducted raids at the house and offices of former TMC MLA from Raniganj, Sohrab Ali and his other business associates in nine different locations.
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.
