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Global income tax

Income tax that aggregate income from all sources at the individual (or family unit) level. The income is then taxed at a single progressive rate.

News On Global income tax
Demonetisation: 27 senior PSU banks officials suspended

02-12-2016| Source:PTI

to check corrupt practices.The suspensions comes amid reports of Income Tax authorities conducting search and seizure places at many places, including one at Bengaluru where Rs 5.7 crore cash in new currency

Want to deposit Rs 2.5 lakh in bank account? Know IT rule first

02-12-2016| Source:Moneycontrol.com

Under the Income Tax Act a basic amount that is earned by the individual as taxable income is not subject to any tax.

Remove cap on cash withdrawal for industries: Assocham

02-12-2016| Source:PTI

cash withdrawn by industry is duly recorded, audited and scrutinised by the government authorities such as Income Tax Department," Assocham said in a letter to Finance Minister Arun Jaitley.The industry

I-T dept's biggest cash seizure of Rs 4.7 cr in new currency

01-12-2016| Source:PTI

In the biggest seizure of cash in new currency post demonetisation, the Income Tax department today confiscated over Rs 4 crore during searches in a dozen premises in Bengaluru and other locations.

Congress terms IT Amendment bill as 'unleashing of taxation

01-12-2016| Source:PTI

Describing the Income Tax Amendment Bill as "unleashing of taxation terrorism", Congress today said it is "a big assault" on the federal economy of the country that would reduce

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