The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census of enumeration.

— The Sixteenth Amendment



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Indian Income Tax News

Reaping income-tax benefit for treatment - Business Line


Reaping income-tax benefit for treatment
Business Line, India - 5 hours ago
My husband’s income is Rs 8000 a month and he is not an income-tax assessee. Can my employed daughter claim deduction u/s 80DDB on the medical expenses ...

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Money Mantra - Economic Times


Money Mantra
Economic Times, India - 3 hours ago
As per provisions of the Income-tax Act, 1961 (the Act), an exemption can be claimed by the taxpayer for the rent paid in respect of an accommodation (not ...

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American Indian veterans to receive NM tax refunds - Gallup Independent


American Indian veterans to receive NM tax refunds
Gallup Independent, NM - Oct 10, 2008
The tax department failed to provide documents for Indian service members to declare an exemption from having state income taxes taken from their paychecks, ...

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Direct tax collections up 32.54% in first half of 2008-09 - Hindu Business Line


Direct tax collections up 32.54% in first half of 2008-09
Hindu Business Line, India - Oct 6, 2008
The corporate taxes collection rose to Rs 95283 crore as against Rs 70240 crore, while Personal Income Tax (including FBT, STT and BCTT) grew by 26.94 per ...
Growth in direct taxes falls to 25.5% in Sept Economic Times
India's H1 Direct Tax Collections Up 32.54% RTT News
Direct tax revenue smiles on Indian economy with a growth of 32.54% Financial Express
Business Standard - Livemint
all 27 news articles

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Foreign companies to declare tax-exempt income - Business Standard


Business Line

Foreign companies to declare tax-exempt income
Business Standard, India - Oct 5, 2008
Even if the income is taxable outside India, the assessee must include it in the total income chargeable to tax in India. Relief as per tax treaty will be ...
JPMorgan blamed for Lehman fall Chandigarh Tribune
TDS woes of a senior citizen Business Line
all 3 news articles

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Home loan interest rates are a function of the outside economic ... - Financial Express


Home loan interest rates are a function of the outside economic ...
Financial Express, India - 3 hours ago
Long-term capital gains tax may be saved by investing the capital gains amount in bonds under Sec 54EC of the Income Tax Act. Currently, two institutions, ...

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