FM prunes tax rates
Feb 26, 2010
Tax collections may exceed targets
Sep 27, 2006
On April 14, 2017 21:39 (IST)
The BHIM-AadhaarPay app will boost transparency and honesty in payment of income tax, Union Law and IT Minister Ravi Shankar Prasad said Friday.
On April 14, 2017 10:38 (IST)
The Central Board of Direct Taxes (CBDT), policy-making body of the department, said it has detected undisclosed income over Rs 9,334 crore between the period of November 9, 2016 till February 28 this year.
On April 10, 2017 09:48 (IST)
Post-demonetisation, the government had provided a 50-day window beginning November 9, 2016 to deposit the junked notes in bank accounts.
On April 10, 2017 08:14 (IST)
Mohammed al-Jadaan sought in a statement carried by state news agency SPA to allay concern that people would be taxed as part of the ambitious reform plan. Saudis currently do not pay any income tax, nor are Saudi companies taxed on their profits.
On April 07, 2017 21:09 (IST)
Of this amount, Rs 110 crore was seized by the IT Department, Rs 4.54 crore seized by ED, Rs 26.21 crore by the CBI and Rs 38 lakh by the DRI, Finance Minister Arun Jaitley said.
On April 04, 2017 18:05 (IST)
Mansukh Makwana (55), who mends shoes for a living on M G Road in Junagadh received the notice on Saturday, asking to divulge the source of a Rs 10 lakh deposit in his account during the notes ban.
On April 01, 2017 18:00 (IST)
The other five ITRs will soon be activated for filing on the e portal, a senior officer said.
On March 31, 2017 16:12 (IST)
Currently, SAHAJ (ITR 1) is filed by salaried employees and ITR 2 by individuals and HUFs whose income does not include income from business.
On March 30, 2017 20:46 (IST)
The last date for making declaration under the Pradhan Mantri Garib Kalyan Yojana, 2016 is March, 31 2017.
On March 29, 2017 19:48 (IST)
Salaried individuals will have to fill fewer columns as some of these for claiming income deductions have been clubbed in a form called 'Sahaj'.
On March 28, 2017 21:51 (IST)
Minister of State for Finance Santosh Kumar Gangwar said investigations conducted by the Income Tax department have led to identification of number of entities which existed and operated only in form but not in substance.
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 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 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.