April 1 will mark the beginning of a new financial year and will bring a slew of income tax changes. Some of the changes were announced by the Union Finance Minister Nirmala Sitharaman while presenting the Union Budget 2021 in February. Here is a list of changes which will be introduced from the coming financial year.
The Income Tax department's raid continued overnight at properties linked to Bollywood actor Taapsee Pannu and filmmaker Anurag Kashyap in Mumbai and Pune. The I-T sleuths raided the homes and offices of Pannu, Kashyap as well as his partners who launched the now-shuttered production house Phantom Films, according to officials privy to the development said.
The Income Tax Department on Wednesday raided the homes and offices of Bollywood actor Taapsee Pannu and filmmaker Anurag Kashyap as well as his partners who launched the now-shuttered production house Phantom Films, officials said. The searches, part of a tax evasion probe against Phantom Films and carried out across 30 locations in Mumbai and Pune, also covered Reliance Entertainment group CEO Shibhasish Sarkar and some executives of celebrity and talent management companies KWAN and Exceed, they said.
The IT department also conducted a raid at KWAN's office. The company was also under scanner during the drugs investigation last year after Sushant Singh Rajput's death when the NCB conducted a raid on the company. Kashyap, Bahl and Pannu have been vocal on the social media platforms and have also raised their concern over the farmers' protest, which have been going at the borders of the national capital since November 26 last year against the three farm laws.
The residence of Bollywood filmmakers Anurag Kashyap, Vikas Bahl, actress Taapsee Pannu and others have been raided by the Income Tax department in Mumbai. According to the IT Department, the raised were conducted in the case of tax evasion. The office of Phantom Films and other 22 places have also been raided.
Finance Minister Nirmala Sitharaman presented the Union Budget for 2021-22 in Parliament. This year's Budget is unique as finance minister used a Made in India tablet to deliver a paperless Budget address, instead of a bahi khata, that she used last year.
Union Finance Minister Nirmala Sitharaman has presented Union Budget 2021-22 in Parliament on Monday. With no changes in personal income tax slabs and a slew of hike in customs duty to benefit Make in India, the Budget speech focussed on Centre's Atmanirbhar Bharat vision.
Finance Minister Nirmala Sitharaman will present the Union Budget for 2021-22 on Monday. Sitharaman is expected to announce measures to revive the pandemic-hit economy with focus on higher spending on healthcare, infrastructure and defence.
Finance Minister Nirmala Sitharaman with the Budget team; she will present the Union Budget 2021-22 tomorrow.
The Income Tax Department officers on Monday started recording the statement of Robert Vadra in connection with a Benami properties case.
Arhtiyas also known as commission agents have closed grain markets across states for 4 days against Income Tax raids on them and also in support of the farmers' protest.
"They served notice after money was recovered from a vehicle outside the compound. No money recovered within the compound," said Congress Bihar in-charge Shaktisinh Gohil.
Aam Adami Party's (AAP), Member of Legislative Assembly (MLA), Saurabh Bharadwaj hit back on Bharatiya Janata Party (BJP) over allegation that AAP has connections with hawala operators.
Our effort is that our tax system should be seamless, painless, faceless: PM Modi
As the political crisis intensified in Rajasthan following deputy chief minister Sachin Pilot’s revolt against the Chief Minister – Ashok Gehlot, the IT department conducted raids on three business groups and individuals allegedly linked to the aides
Income tax team raids home of leaders close to Chief Minister Gehlot in Jaipur. The development came just before the meeting of Congress Legislative Party scheduled to be held at Rajasthan Chief Minister Ashok Gehlot's residence.
Addressing a press conference in Delhi, Finance Minister Nirmala Sitharaman informed that last date for income tax return of financial year 18-19 has been extended to June 30.
The last date for the income tax return for the financial year 18-19 is extended to 30th June 2020. For delayed payments interest rate has been reduced from 12% to 9%: Union Finance Minister Nirmala Sitharaman
Income Tax Department officials on February 28 conducted raid at residence of Saumya Chaurasia.
Union Budget 2020: Here's how the new income tax slab will save you more
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