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Time to get rid of income tax

Time to get rid of income tax

Kaushik Basu, a professor of economics at Cornell and chief economist of the sector Bank till currently, argues that demonetisation in most cases hurts people who aren’t the Authorities’ intended objectives and the method best…

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Government to apply profits tax info to forestall the affluent from claiming LPG subsidies

Government to apply profits tax info to forestall the affluent from claiming LPG subsidies

The profits Tax branch will soon begin sharing personal data–like PAN, residential cope with and cell range–of a taxpayer incomes over Rs 10 lakh in line with annum with the oil ministry as a part…

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Income Tax officers raid Tamil Nadu leader secretary Rama Mohan Rao’s house

Income Tax officers raid Tamil Nadu leader secretary Rama Mohan Rao’s house

CHENNAI: Earnings Tax research wing officers on Wednesday a launched a seek and survey operation on 13 premises belonging to Tamil Nadu leader secretary P Rama Mohan Rao, his son, household and friends in Chennai,…

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Don’t scrap income tax

Don’t scrap income tax

Many are urging the Authorities to scrap taxes on the incomes of individuals. The Pune-based totally monetary suppose-tank, ArthaKranti, which claims to have advised ₹500 and ₹1,000 banknotes be demonetised, has urged that each one…

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I-T dept detects Rs three,185 or black income; seizes Rs 86 or new notes

I-T dept detects Rs three,185 or black income; seizes Rs 86 or new notes

Over Rs three,185 crores of undisclosed earnings has been detected whilst Rs 86 crore well worth new notes had been seized by the profits Tax branch as part of its country-extensive operations in opposition to…

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Are we saving £1,205 a 12 months in earnings tax

Are we saving £1,205 a 12 months in earnings tax

His claim is based on the distinction between the number of profits you can get tax unfastened in 2019/20, compared to 2010/11. It has elevated by £6,1/2. The basic fee of earnings tax is ready…

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Lower Credit Cost, Higher Core Income Boost Axis Bank Net eighty three%

Lower Credit Cost, Higher Core Income Boost Axis Bank Net eighty three%

Lower provisioning driven by way of higher asset excellent and better interest earnings helped Axis Bank on Friday report an eighty-three consistent with cent upward thrust in net profits at Rs 790 crore for the…

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Income tax department to allow on-line filing of paperwork for tax breaks

Income tax department to allow on-line filing of paperwork for tax breaks

The profits tax branch stated on Monday it will allow online submitting of packages for tax breaks to certain entities which at present have to document these manually. The beneficiaries of the pass are charitable…

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Income Tax department to probe use of fake PAN

Income Tax department to probe use of fake PAN

The Income Tax Department will reputedly seek details of trading worth thousand crores and more on fairness exchanges that have been performed some years ago using fake Permanent Account Number (PAN) cards. According to a…

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Granville Schools earnings tax passes with fifty one percent support

Granville Schools earnings tax passes with fifty one percent support

Granville electorate permitted a brand new profits tax to support nearby schools with the aid of a slim margin of 142 votes on Nov. 6. Voters followed the degree 3,586-three,444 (fifty-one percent aid), in step…

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