Topic: Income Tax
A report by The News Minute and Newslaundry has uncovered that over the past five financial years, at least 30 companies, contributing nearly Rs 335 crore to the Bharatiya Janata Party, faced actions from central agencies like Enforcement Directorate and Income Tax department.
IT department ordered withdrawal of Rs 65 crore from party’s accounts ‘undemocratically,’ alleges Congress
The Congress alleged on Wednesday that the Income Tax Department ordered Rs 65 crore to be withdrawn from its bank accounts “undemocratically” even though proceedings are underway before an appellate authority.
IT Dept freezes NewsClick’s bank accounts, “continuation of administrative-legal siege,” says news portal
As of the evening of December 18, NewsClick has been unable to make any bank payments due to action by the Income Tax Department, said the media house in a statement on Tuesday, 19 December.
The income tax department on Thursday carried out searches at nearly 40 premises linked to senior Dravida Munnetra Kazhagam’s (DMK) leader and Lok Sabha member S Jagathrakshakan.
In a major announcement, Union government hiked income tax rebate limit to ₹7 lakh under the new tax regime.