Income-Tax News
Chinese national Luo Sang, busted by I-T Dept, was arrested by Delhi Police for spying in 2018
Luo Sang took a fake identity 'Charlie Peng' in India
Delhi Police had alleged that 'Charlie Peng' was spying for China and running money laundering and hawala transaction businesses
'Charlie Peng' had even married a Manipuri girl to make the process of his acquiring an Indian passport easier
The total estimated expenditure to be born by the government is 33.64 percent of India's total Defense Budget at Rs 4,31,010.79 crore.
The Finance Ministry on Friday announced that corporate tax rates will be slashed to 22 percent for domestic companies and 15 percent for new domestic manufacturing companies.
The effective tax rate for these companies shall be 25.17% inclusive of surcharge & cess. Also, such companies shall not be required to pay Minimum Alternate Tax.
The last date for filing income-tax returns has been extended to August 5.
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