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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 …
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…
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…
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…
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…
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…
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 …
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…
If you are depositing over Rs 2.5 lakh, be ready to pay tax and penalty of 200%
"We would be getting reports of of November 10 to December 30, 2016, above a threshold of Rs 2.5 la…
Here’s how Rs 2900 crore was diverted through shell companies of Noida, Mumbai and Kolkata
CBI sources said the shell companies were allegedly being used by the accused to divert loan f…
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…
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 …
Tax department to mention email and official phone numbers in all e-communication: Finance Ministry
"Henceforth any notice, letter, communication issued by any officer under Department of Revenue…
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…
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…
All online purchases to attract GST soon: Amit Mitra panel
Dr Mitra had served as Secretary General of the Federation of Indian Chambers of Commerce and Ind…