NEW DELHI, Nov. 18 (Xinhua) -- Indian income tax (IT) officials raided the residence of late chief minister J. Jayalalithaa's Poes Garden in Chennai city, the capital of southern state Tamil Nadu, officials said Saturday. The IT officials reached the residence at around 10:00 p.m. local...
income tax can be defined as a tax charged on the annual earnings of any eligible citizen of the country. The amount of tax charged from each taxpayer depends on the income earned by the individual over a financial year. The calculation of tax applicable is done on the prevailing tax slabs...
The Income Tax Notice, a notification from IT department is regarding inconsistency between salary income and Form 26AS in ITR. The breakup of salary in ITR2 is not shown properly. You can disagree and give the reason as missing HRA /Professional Tax.We would recommend agreeing as the problem...
In addition, the Prime Minister will dedicate the Income Tax Appellate Tribunal Terminal at Bengaluru to the nation. PM Modi to launch several development projects in Karnataka, Tamil Nadu today New Delhi: Former Miss Universe and Bollywood actor Sushmita Sen has got a huge relief from the Income...
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The ITR-4 Form, commonly referred to as the Sugam form, is specifically designed for taxpayers who have opted for the presumptive income scheme outlined in Section 44AD, Section 44ADA, and Section 44AE of the Income Tax Act. It is mandatory for eligible taxpayers to complete and submit this...
When he was eighteen, drought ravaged his village, so Samsuddin traveled from Tirukoyoor in Tamil Nadu to his uncle's home in Bombay. He expected to arrive at a house in the big city, but found himself instead in the middle of a swamp in a slum called Dharavi. Like so many others...
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Another reason to be wary of analyses that attribute changes in consumer spending to changes in tax payments is that changes in personal income, also induce dollar-for-dollar changes in disposable personal income. (The two measures of income are related by the following national income accounting ...