Income tax

“We are aware of search of BBC offices… by Indian tax authorities”: US

The United States confirmed on Tuesday (local time) that Indian tax authorities had searched BBC offices in Delhi and Mumbai. "We are aware of the search of BBC offices in Delhi by Indian tax authorities," said US State Department spokesperson Ned Price while responding to an IT survey at BBC...

Oppn reacts to I-T ‘Survey’ on BBC offices; Here’s how it’s different from ‘Search’

Income Tax officials are conducting 'survey' operations on the Indian offices of the British public broadcaster BBC in both Delhi and Mumbai, as per reports on Tuesday. According to the report, IT personnel were verifying certain account documents in the BBC's finance department. For the survey, income tax officials arrived...

Union Budget 2023: New vs Old Tax Regime, What Changed?

Individual taxpayers' rebate ceiling has been raised from 5 lakh to 7 lakh per year by Finance Minister Nirmala Sitharaman. "..Currently, persons earning up to 5 lakh rupees do not have to pay any income tax under either the old or new tax regimes. In the new tax regime, I...

Income tax rebate limit increased to Rs 7 lakh from Rs 5 lakh

While the Narendra Modi government presented its final full-fledged Budget before the 2024 general elections, Union Finance Minister Nirmala Sitharaman announced new tax slabs for the fiscal year.The tax rebate has been doubled from Rs 5 lakh to Rs 7 lakh under the new regime. In the previous Budget, the...