Tags Posts tagged with "Income tax in India"

Tag: Income tax in India

Only 1.7% Indians paid Income Tax in assessment year 2015-16

Merely 1.7 per cent of the total population in India paid their income tax in the assessment year (AY) 2015-16, according to data released...

Aadhaar saved Rs 90, 000 crore of public money since 2014:...

An affidavit filed by the central government in the Supreme Court has stated that Aadhaar has saved Rs 90,000 crore of public money since...

Centre to cap cash transaction limit at Rs 2 Lakh

The Central government has decided to revise the cash transaction limit to Rs 2 Lakh from Rs 3 Lakh proposed in the Union Budget...

Government to banks: Seek PAN or Form 60 from account holders

Going strict over the tax evaders, the central government has asked banks to seek permanent account number (PAN) or Form-60 in case PAN is...

IT Dept asks banks to report deposits over Rs 2.5 lakh

To keep a close eye on unaccounted money deposited in bank accounts, Income Tax (I-T) Department has asked various banks to report all deposits...

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