Income-Tax

Chinese national Luo Sang, busted by I-T Dept, was arrested by Delhi Police for spying in 2018

Luo Sang, a Chinese national who was arrested last night in a raid by the Income Tax department under charges of money laundering and representing fake Chinese companies in hawala transactions, was earlier arrested by Delhi Police on spying charges.

Aug 12, 2020, 14:47 PM IST

At Rs 1.45K crore, govt's burden for reducing corporate tax is 33% of FY19-20 defense budget

The total estimated expenditure to be born by the government is 33.64 percent of India's total Defense Budget at Rs 4,31,010.79 crore.

Sep 20, 2019, 15:38 PM IST

How India Inc reacted to FM Nirmala Sitharaman's announcement on corporate tax, MAT rate cuts

The Finance Ministry on Friday announced that corporate tax rates will be slashed to 22 percent for domestic companies and 15 percent for new domestic manufacturing companies.

Sep 20, 2019, 12:54 PM IST

Corporate tax rates slashed to 22% for domestic companies, 15% for new domestic manufacturing companies

The effective tax rate for these companies shall be 25.17% inclusive of surcharge & cess. Also, such companies shall not be required to pay Minimum Alternate Tax.

Sep 20, 2019, 11:24 AM IST

Govt extends last date for filing tax returns to August 5

The last date for filing income-tax returns has been extended to August 5.

Jul 29, 2016, 20:09 PM IST