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No GST for education and health care this year
GST will subsume central levies like excise duty on manufactured products and service tax on render…
Niti Ayog member Bibek Debroy refuses to buy ‘GST would boost GDP’ theory
Debroy also said the number of countries with GST is not more than six or seven, even as some…
Penalty for those accepting cash above Rs 3 lakh suggests Revenue Secretary
In a bid to check generation of black money, a steep penalty awaits those accepting cash in excess …
Political parties depositing more than Rs 2.5 lakh of old notes will not be scrutinised by Income Tax Dept
In a much surprise to the commoners, the government has said that political parties depositing the …
Income tax officials are secretly planning a revolt against the revenue department
The meeting was called after an I-T officer was transferred after sending an advance tax notice on …
Items of common use to get cheaper while cars and consumer durables to attract maximum GST
Daily consumption items like milk, fruit and vegetables, jaggery, food grain and cereals will…
India’s tax collections increases by 18% at Rs 17.10 lakh crore
While direct tax mop up during the April-March period grew 14.2 per cent at Rs 8.47 lakh crore, ind…
Luxury cars to get costlier after GST rolls out
Other products that would be impacted by this decision are pan masala, chewing tobacco and cigarett…
Tax department playing smart; after multi-million dollar weddings, it’s time for luxurious cars to spell out names of their tax-evading owners
After covering week-long, multi-million dollar weddings, parties and big shopping binges, the tax d…
Undisclosed income worth over Rs 16,000 crore detected in 20 months: Revenue Secretary Hasmukh Adhia
The measures included a one-time 90-day window to come clean on undisclosed wealth, which led to de…
Gujarat govt forms panel for revival of economy
The committee will also analyse availability oflabourers in the state and provide necessary recomme…
PTI
Ex-finance secy Garg joins as advisor to Andhra CM
"Happy to join as Advisor Resources to CM, AP. State has initiated a number of efficient & eff…
PTI
Earning income by renting commercial properties? Be ready to shell out GST. Here are the details
Rental income received from residential house is exempt. But if you have given your unit to commerc…
Budget 2016-17: Tax exemptions may be phased out to boost manufacturing
Ahead of the Budget 2016-17, which will be announced on February 29, the ministry said it was impor…
Modi to chair meeting of experts at Niti Aayog on Jan 9
New Delhi, Jan 6 () Prime Minister Narendra Modi will chair the meeting of experts at the Niti Aayo…
PTI
PM meets Ambani, Adani, other India Inc heads to discuss economy
New Delhi, Jan 6 () Ahead of the annual Union Budget presentation, Prime Minister Narendra Modi on …
PTI
Confusion no more! PPF stays on tax exemption list
The government said the PPF will not be taxed on withdrawal and only the interest that accrues on c…
Spurt in indirect tax mop up to help govt meet FY16 target
Indirect tax collection is likely to exceed by about Rs 40,000 crore this fiscal that will help the…