Tax Department

Friday, Apr 19, 2024 | Last Update : 01:28 PM IST

Tax officials conduct surprise search at SoftBank-backed Oyo

In November, internal projections showed Oyo’s India business will likely make losses until 2021.

11 Jan 2020 11:03 AM

Need to build trust between tax payers and tax administrators: Sitharaman

This is the 2nd meeting in a series of meetings to be held with tax officials and taxpayers across various cities over the next few weeks.

21 Aug 2019 9:10 AM

The tax department has slapped ONGC Videsh Ltd a service tax demand of Rs 7,666.10 crore on remittance the firm makes to its overseas subsidiaries for past one decade, sources in know of the development said.

ONGC Videsh Ltd slapped with Rs 7,666 crore service tax demand

The service tax department had first issued a demand cum show-cause notice on October 11, 2011.

23 Sep 2018 12:52 PM

US retail giant Walmart on Friday said it has complied with the tax obligations of its USD 16 billion acquisition of India's largest online retailer Flipkart but did not say the quantum of taxes it paid. (Photo: AFP)

Have complied with tax obligations in Flipkart deal: Walmart

The company did not disclose the tax amount deposited with the I-T authorities.

07 Sep 2018 7:34 PM

Easing compliance burden for businesses, the Finance Ministry has said GST refunds can be claimed by simply submitting a printout of 'GSTR-2A' form to tax authorities instead of giving all purchase invoices of a month.

Finance Ministry simplifies GST refund claim process for businesses

GST refunds can be claimed by simply submitting a printout of 'GSTR-2A' form.

05 Sep 2018 4:21 PM

The Centre has come to the rescue of law enforcement agencies like tax department and Enforcement Directorate, which are faced with a unique situation of holding confiscated currency notes beyond specified limits, by making changes in the law.

Govt rectifies anomaly, allows law enforcement agencies to hold banned notes

Banned currency notes beyond a certain limit could be held only by the Reserve Bank.

28 Aug 2018 6:48 PM

The amount locked up in tax litigation will come down by Rs 5,600 crore as the government has decided to hike the threshold monetary limit to file appeals in tribunals and courts, Finance Minister Piyush Goyal said on Thursday. (Photo: PTI)

Amount locked up in tax litigation to reduce by Rs 5,600 cr, says Goyal

In order to reduce litigation, the govt hiked the threshold limit for filing appeals in tribunals to Rs 20 lakh.

12 Jul 2018 3:26 PM

CAIT, in a letter written to the ministry on Thursday, has suggested that instead of monthly returns, quarterly returns should be prescribed on Form 3B to make return filing simpler.

Traders urge finance ministry to review GST-related issues

It has called for one registration number for traders to be allowed across India.

28 Jun 2018 6:21 PM

E-commerce major Flipkart has shared 'some details' with the I-T authorities on its USD 16 billion deal with US-based Walmart, but the tax department will act only after regulatory approvals have been obtained, an official said.

Tax dept will act once Walmart gets regulatory nod in Flipkart deal

The department is currently studying the details received from the company.

03 Jun 2018 2:31 PM

In a setback to Google India, the Income Tax Appellate Tribunal has upheld a tax demand on the search engine's remittances of advertisement revenue to Google Ireland Ltd.

Google India should pay tax on advertisement revenue sent to parent

The Bangalore bench of ITAT, in a 331-page order, upheld the tax department's contention that such payments are royalty.

15 May 2018 7:34 PM

The revenue department will write to Flipkart seeking the share purchase agreement that the company had entered into with Walmart.

Tax department to seek share purchase pact from Flipkart

The department currently is going through the Section 9(1) of the Income Tax law, which deals with indirect transfer provisions.

13 May 2018 2:01 PM

It should be noted that Verma passed away 30-years ago. (Photo: ANI)

30 years after death, Mahadevi Varma gets tax notice

The civic body in the notice has asked Verma to appear in person, and deposit pending house tax of Rs 44,816.

08 Feb 2018 12:11 PM

The linking of Aadhaar number with the PAN (Permanent Account Number) of a taxpayer has also been made mandatory for filing of an ITR, beginning July 1.

File income tax returns by July 31, no plans to extend deadline: I-T department

Department has already received over 2 crore returns filed electronically.

30 Jul 2017 6:54 PM

This year income tax department has brought about any changes in tax filing exercise.

How different I-T returns filing would be this year

Authorities have introduced ITR-1 or Sahaj form for individual tax payers who earn not more than Rs 50 lakh.

18 Jul 2017 12:57 PM

Tea, edible oils, sugar, textiles and baby formula will attract only 5 per cent tax.

80 per cent items in GST within 18 per cent rate

Unbranded food staples including vegetables, milk, eggs and flour will be exempt from GST along with health and education services.

30 Jun 2017 5:59 PM

Last year, Sebi identified approximately 32,000 entities for further examination on suspicion of violating securities law to evade taxes.

Sebi mulls ways to check misuse of stock market

Sebi's existing surveillance systems are already generating over 100 alerts a day to facilitate detection of market manipulation.

11 Jun 2017 3:17 PM

Aadhaar is a unique identity given to all Indians.

Can't link your Aadhaar with PAN, here's an easier way

Soon taxpayers can choose to link Aadhaar without changing name by opting for a One-Time Password.

10 Apr 2017 4:07 PM

Tax officers to file prosecution cases against Shell

CBDT Chairman Sushil Chandra has called for fast track prosecution proceedings in cases.

12 Mar 2017 6:27 PM

CBDT is nodal agency for all direct taxes.

CBDT alleys taxpayers' fears on asset freez rule

CBDT chairman Sushil Chandra says new measures were brought in only to prevent evaders from selling property.

04 Feb 2017 5:55 PM

The total number of BAPAs entered into by the CBDT now stands at eight. (Photo: PTI)

Tax dept, Japanese company sign advance pricing pact

The APA scheme was introduced in the Income-tax Act in 2012 and the 'Rollback' provisions were introduced in 2014.

13 Jan 2017 8:52 PM

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Mohan Guruswamy

tax department