Analysis Of Tax Changes In Budget 2017
Feb 02, 2017
Budget 2017 And Its Impact On You
Feb 01, 2017
On March 26, 2017 17:30 (IST)
The Central Board of Direct Taxes (CBDT) on March 24 issued a circular for waiver of interest in disputed tax demand in different scenarios.
On March 25, 2017 14:13 (IST)
With less than one-week to go for the current financial year to end, it is the last chance for those who have not yet planned their tax.
On March 24, 2017 21:03 (IST)
The department also said that total "confidentiality is ensured" to those who declare their black assets and funds under this scheme.
On March 24, 2017 20:54 (IST)
Of the cases disposed of by criminal courts during the period, the minister said, "116 persons were convicted of offences committed under the Act."
On March 24, 2017 13:19 (IST)
The tax and penalty against those who hide their black money could go as high as 137 per cent of the cash deposits made, a senior officer at the Income Tax department said.
On March 26, 2017 15:38 (IST)
Finance Minister Arun Jaitley had announced a number of income tax changes in Budget 2017. In addition, some amendments were also introduced in the Finance Bill that was passed by the Lok Sabha.
On March 23, 2017 13:32 (IST)
Taxpayers opting for Presumptive Tax Scheme need to segregate the digital transactions and other transactions as the rate of deemed income is 6 per cent for digital receipts and 8 per cent for other receipts.
On March 22, 2017 21:36 (IST)
Arun Jaitley was replying to a debate on the Finance Bill and the accompanying 40 amendments to different laws including one making Aadhaar mandatory for filing of income tax return from July as well as for applying for permanent account number.
On March 22, 2017 19:51 (IST)
During the 50-day period post-demonetisation, 18 lakh entities deposited scrapped notes of Rs 500 and 1000 not commensurate with their income means, Finance Minister Arun Jaitley said.
On March 22, 2017 11:33 (IST)
Axis Bank has been under pressure over a sharp fall in third quarter profits along with Income Tax Department raids on some of its branches post-demonetisation.
On March 22, 2017 08:51 (IST)
Besides being necessary for filing an income tax return, any application for an income tax PAN will also have to state the applicant's Aadhaar or 12-digit unique ID which is backed by biometrics like finger prints and iris scans.
On March 21, 2017 20:01 (IST)
The new rules kick in starting July, Finance Minister Arun Jaitley said. Because they are amendments to the Finance Bill, the government should have no trouble having them cleared in parliament.
On March 21, 2017 12:19 (IST)
The Income Tax Department on Monday warned black money hoarders of punitive action if they do not deposit their unaccounted cash.
On March 18, 2017 19:39 (IST)
Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra has shot of a letter to all his regional chiefs asking them to make "concerted" efforts to get the job done.
On March 18, 2017 14:56 (IST)
In advertisements issued in leading national dailies, the department brought out the list of defaulters of income tax and corporate tax even as it advised them to pay their "tax arrears immediately".
On March 17, 2017 18:12 (IST)
This was stated by Minister of State for Finance Santosh Kumar Gangwar in a written reply in the Lok Sabha.
On March 17, 2017 17:35 (IST)
To a query if the government has any proposal to replace the Income Tax with BTT, Minister of State for Finance Santosh Kumar Gangwar said: "There is no such proposal under consideration of the government at present."
On March 16, 2017 22:48 (IST)
Around 2,059 dealers issued invoices involving tax evasion of more than Rs 10,640 crore including maximum VAT of 12.5 per cent in Maharashtra, CAG said in its report presented in Parliament last week.