Income tax act

New direct tax code draft by July-end

1 min read . 24 May 2019

Trusts also have to disclose details about their beneficial owners. (Reuters)

CBDT wants religious, charitable trusts to be more open about their affairs

1 min read . 21 May 2019

The move could reset the balance of taxation powers between India and developed nations with respect to cross-border investments. Pradeep Gaur/Mint

To widen tax base, govt may tweak foreign taxation rules

2 min read . 19 Apr 2019

The plea is likely to come up for hearing on Tuesday.. Photo: iStock

Plea to scrap TDS on compensation to accident victims

1 min read . 15 Apr 2019

You cannot deposit Indian earnings in an NRE account

You cannot deposit Indian earnings in an NRE account

2 min read . 09 Apr 2019

Income tax exemption limit on gratuity doubled to ₹20 lakh: Labour Ministry

1 min read . 07 Mar 2019

REC board approves borrowing limit hike, ₹11 per share interim dividend

REC board approves borrowing limit hike, ₹11 per share interim dividend

1 min read . 28 Feb 2019

Panel to overhaul Direct Tax law seeks 3 months extension

Panel to overhaul Direct Tax law seeks 3 months extension

2 min read . 27 Feb 2019

File Photo: Piyush Goyal, India's interim finance minister, speaks during a news conference in New Delhi. (Bloomberg)

Income tax law needs to be a lot simpler: Piyush Goyal

1 min read . 07 Feb 2019

Share allotment date taken as Esop holding period

Share allotment date taken as Esop holding period

3 min read . 28 Jan 2019

Commerce and Industry Minister Suresh Prabhu. Pradeep Gaur/Mint.

Govt eases procedure for startups to seek tax exemption on investments from angel funds

2 min read . 16 Jan 2019

How are gifts taxed in India?

6 min read . 10 Jan 2019

This tax season, don’t give in to agents’ calls, buy the life insurance plan you really need

3 min read . 19 Jan 2019

SBI income tax saving FDs cannot be withdrawn before the expiry of five years from the date of its receipt. Photo: Mint

SBI income tax saving FDs: Interest rates, minimum deposits and other details explained

1 min read . 08 Jan 2019

The Supreme Court delivered the judgement on a plea by a petitioner who had said that he filed the petition in the interest of handicapped children whose parents have taken ‘Jeevan Aadhar Policy’ from the LIC for livelihood of their kids. Photo: Mint

SC asks Centre to re-look Income Tax Act provision on disabled dependent of life insurance holder

2 min read . 03 Jan 2019

Ramesh Abhishek, secretary in DIPP, said the department wants more and more startups to apply for tax exemption.

Startups need to seek tax exemption from inter-ministerial board: DIPP

2 min read . 20 Dec 2018

The CBDT said the motive of the cadre review and restructuring exercise is to enable and equip the department to meet challenges of today and tomorrow. Photo: Pradeep Gaur/Mint

Govt orders restructuring of tax department

2 min read . 19 Dec 2018

At present, while exiting NPS, 60% of the corpus could be withdrawn and 20% of the withdrawn amount is taxable. The cabinet has made this portion tax free. The remaining part that could be used to buy annuities is anyway tax free. Photo: Mint

Higher NPS contribution to cost govt ₹2,840 crore in 2019-20

1 min read . 10 Dec 2018

Minimum employee contribution will, however, remain at 10%. Photo: Mint

Government contribution to NPS to rise to 14%

1 min read . 06 Dec 2018

The amendments relating to PAN card to the Income Tax Rules, 1962, Photo: HT

PAN card rules to change from this Wednesday. List of new amendments in Income Tax Rules, 1962

1 min read . 03 Dec 2018