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A senior I-T Department official said the public list is aimed to make people aware so that they can help the department in nabbing these defaulters.

I-T Department publicly names defaulters owing Rs 490 cr taxes

Some of the defaulters on the list have not paid their taxes for the assessment year 1989-90.

29 Mar 2018 4:10 PM

Cognizant will continue to vigorously defend itself and will pursue all available legal remedies.

Paid all applicable taxes, I-T dept's position without merit: Cognizant

Company believes that the positions taken by the Indian Income Tax Department are contrary to law and without merit.

28 Mar 2018 2:41 PM

The rise and fall of Bitcoin have fascinated the investor community.

ClearTax, Zebpay join hands to help Indian investors with cryptocurrency taxation

The plan will help investors and traders of bitcoin understand tax laws and reporting regarding taxation on trading of cryptocurrency.

25 Mar 2018 3:35 PM

Federal Reserve Chairman Jerome Powell. (Photo: AP)

Fed likely to raise rates, may upgrade 2018 outlook

The US central bank projected late last year that it would lift rates three times in 2018.

21 Mar 2018 11:14 AM

The July 1 implementation of a national sales tax 1 was another setback, weakening demand. (File Photo)

India's services industry contracts in February as inflation hits demand

Services activity suffered for most of last year following a ban of high value currency notes in November 2016.

05 Mar 2018 11:12 AM

United States buys close to a fifth of India’s goods and services exports and its trade deficit has widened from $13 billion in 2006 to $31 billion in 2016.

US tells India to cut tariffs as trade friction heats up

Bilateral trade between India and the United States has grown to about $115 billion in 2016 from $20 billion in 2001.

24 Feb 2018 11:14 AM

Finance Secretary Hasmukh Adhia. (Photo: File)

Unevenness in taxes paid by salaried class, business people: Adhia

For assessment year 2016-17, 1.89 crore salaried individuals have filed I-T returns and paid total tax of Rs 1.44 lakh crore.

05 Feb 2018 2:55 PM

The stationery owners said the 12 per cent GST has tremendously affected business, and indicated that a further increase would incur them heavy losses.

Budget 2018: GST revision concerns retailers

Gold jewellery retailers said they prefer old tax of one per cent on ornaments instead of three per cent.

01 Feb 2018 10:23 AM

Lower import tax could boost India’s gold demand and support global prices that are currently trading near their highest in 17 months. (Photo: PTI)

Gold demand wanes as jewellers expect import tax cut in budget

Tax evaders prefer to buy smuggled gold since they do not have to pay the 3 per cent GST.

30 Jan 2018 12:02 PM

The import bill for 2018 is estimated at Rs 5 lakh crore and any further rise in crude prices would necessitate tough fiscal measures. (Photo:IOCL)

Oil and gas industry seeks infra status, lower taxes in budget

Rollout of GST, and exclusion of petroleum sector from its purview, has translated into much higher costs for sector.

25 Jan 2018 1:08 PM

The exemption limit on TDS on interest on term deposits with banks may be raised from the present limit of Rs 10,000 per annum. (Photo: PTI/Representational)

Increase tax exemption limit to Rs 3 lakh, says SBI report

Govt has periodically increased the income tax slabs from Rs 22,000 in 1990-91 to Rs 2.5 lakh in 2014-15.

23 Jan 2018 12:34 PM

On top of the 28 per cent tax, the GST Council, comprising Centre and states, hiked the compensation cess levied on cigarettes.

Higher tax on cigarettes keeps industry under pressure: ITC

Government on July 17 had hiked the limit of cess to be levied on cigarettes.

20 Jan 2018 9:55 AM

India is entangled in more than 20 international arbitration cases, and could end up paying billions of dollars in damages if it loses.

India's proposed investment treaty terms leave foreign partners cold

India appears to be in a far stronger negotiating position than it was during the 1991 balance of payments crisis.

19 Jan 2018 1:20 PM

Finance Minister Arun Jaitley said the new process would be finalised in the next meeting of the GST Council after a written formulation is circulated to the states. (Photo: Twitter | ANI)

GST Council reduced rates of 29 goods, 54 categories of services

Jaitley said next meet may consider bringing crude oil, natural gas, petrol, diesel, ATF and real estate within GST purview.

18 Jan 2018 8:44 PM

Payment of Gratuity (Amendment) Bill, 2017 will be passed in the Budget session of Parliament, expected to begin by the end of this month. (Photo: PTI/Representational)

Tax free Rs 20 lakh gratuity for employees a reality soon

At present formal sector workers with five or more years of service are eligible for Rs 10 lakh tax free gratuity.

15 Jan 2018 10:58 AM

Infosys said it expects its overall effective tax rate to be lower by about 100 basis points for future periods covered under the APA. (Photo: AFP)

Infosys signs APA with US, gets USD 225 million tax reversal

APA will enhance predictability of the company's tax obligations in respect of its US operations.

10 Jan 2018 10:38 AM

Gross collections (before adjusting for refunds) have increased by 12.6 per cent to Rs 7.68 lakh crore during April to December, 2017.

Direct tax collections rise 18.2 per cent in April-December

Net direct tax collections represent 67 per cent of total Budget Estimates of direct taxes for FY 2017-18.

09 Jan 2018 12:05 PM

World’s biggest consumer is likely to start new marketing year on October 1, 2018 with an opening stock of 4 million tonnes.

India has no plan now to raise import tax on sugar, govt source says

India will have enough sugar to meet domestic demand without overseas purchases

08 Jan 2018 1:26 PM

Finance Minister Arun Jaitley. (Photo: PTI)

No single rate for all items under GST: Arun Jaitley

Many items which were earlier in 28 per cent bracket were brought into the 18 per cent bracket.

02 Jan 2018 4:37 PM

This comes as a bad news especially for Apple, who imports a majority of its offerings to the country.

Raise import duty affects majority of iPhone models in India

The raised import duty on electronic items is intended to make homegrown brands reap better business.

17 Dec 2017 5:31 PM

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Aakar Patel