Housewives challenge IT amendment

File petitions in Madras high court

PTI | February 19, 2010



Two housewives here have challenged an amendment to the Income Tax Act under which those with investments even below the limit to attract income tax were required to furnish a Permanent Account Number (PAN) alongwith form 15G to avoid unnecessary deduction of tax.

P Sakunthala and P S Kamala, in separate writ petitions in the Madras High Court, as an interim measure sought directions staying the operation of Section 206AA of the I T Act, coming into effect on April one next and to restrain the private finance firms in which they have invested from institing on them quoting PANs in form 15Ga till disposal of the main petition.

When the petitions came up for hearing Justice P Jothimani admitted the petitions and issued notice to the Centre among others.

Comments

 

Other News

GAIL reports annual revenue of Rs.1,30,638 crore

GAIL (INDIA) Limited has reported 75% increase in Profit before Tax (PBT) of Rs.11,555 crore in FY24,  as against Rs 6,584 Cr in FY23. Profit after Tax (PAT) in FY24 stands at Rs. 8,836 Cr as against Rs.5,302 Cr in FY23, a 67 % increase. However, revenue from operations registered a fa

Women move forward, one step at a time

“Women’s rights are not a privilege but a fundamental aspect of human rights.” —Savitribai Phule In India, where almost two-thirds of the population resides in rural areas, women’s empowerment initiatives are extremely critical for intensifying l

Why you should vote

What are the direct tangible benefits that you want from the government coming in power? The manifestos of various parties set a host of agendas which many times falls back in materialising the intended gains. Governance failures, policy lapses, implementation gaps, leadership crisis and cultural blockages

How the role of Ayurveda evolved pre- and post-independence

Ayurveda, Nation and Society: United Provinces, c. 1890–1950 By Saurav Kumar Rai Orient BlackSwan, 292 pages, Rs 1,400  

General Elections: Phase 4 voting on in 96 seats

As many as 17.7 crore electors are eligible to vote in the fourth phase of general elections taking place on Monday in 10 states/UTs. 175 Legislative Assembly seats of Andhra Pradesh and 28 Legislative Assembly seats of Odisha are also going to polls in this phase. Polling time in select as

Is it advantage India in higher education?

Harvard, Oxford and Cambridge: The Past, Present and Future of Excellence in Education By Rajesh Talwar Bridging Borders, 264 pages

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter