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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 …
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…
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…
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…
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 …
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 …
Niti Ayog’s Amitabh Kant confident GST will help India achieve 9% growth rate
GST, which is India’s biggest tax reform since Independence, is scheduled to be rolled out from…
Arun Jaitley proposes amendments in I-T Act! 30% tax, 10% penalty to be slapped on undisclosed income
A further tax of 75% along with 10% penalty has also been proposed in case the Income Tax officials…
Mauritius tax haven no more? India signs new deal to prevent abuse of tax avoidance treaty
With the signing of the amendment to the Double Taxation Avoidance Convention (DTAC) with Mauriti…
Industry chambers to push for simplified Income Tax laws at meeting with Arun Jaitley tomorrow
They will also press for effective steps and policy actions to improve ease of doing business with …
Eating out gets expensive with Swachh Bharat cess
According to Revenue Secretary Hasmukh Adhia, the Government expects to collect around Rs 10,00…
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…
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…