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Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

Finance ministry considering to exclude income from minor asset...

Virendra Kumar said the request to carry out amendment in the Income Tax Act was under the consideration of the Finance...

2 Aug 2018 4:07 PM IST

The due date for filing of Income-Tax returns for assessment year 2018-19 is 31.07.2018 for certain categories of taxpayers.

FinMin proposes to ease process of getting no tax deduction...

The tax department proposes to make changes in Form No 13 and related rules under the Income Tax Act.

20 Aug 2018 4:37 PM IST

Vodafone reported a loss of 2.34 billion euro in the same period a year ago.

Delhi HC halts 2nd arbitration by Vodafone in Rs 11,000 cr tax

Govt made a retrospective amendment to Income Tax Act which re-fastened the liability on Vodafone.

23 Aug 2017 9:37 AM IST

GST reform process would lead to a move from the regime of tax exemptions in various sectors of economy to a regime of seamless flow of credit and payment of tax.

Govt keen on proper discussion on GST Bills in Parliament

GST has broader ramifications for states and involves state revenues.

29 Nov 2016 8:09 PM IST

The amendments are progressive in nature and puts to rest to the uncertainty on the penalties on the amounts deposited in bank accounts post announcement of demonetisation.

I-T Act amendment a 'win-win', to boost govt revenues

Under the PMGKY blackmoney declarants have to mandatorily park 25 per cent of that wealth in zero-interest,...

28 Nov 2016 8:24 PM IST

he top leadership of the MCs said that property tax defaulters owe around Rs 2,700, including property tax dues with interest.

Tata Motors, Kingfisher owe crores in taxes

Tata Motors has outstanding excise duty of Rs 629.76 crore in 91 cases and service tax dues of Rs 516.09 crore in 5...

25 Nov 2016 3:12 PM IST

Prime Minister Narendra Modi held a meeting of the Cabinet on Thursday evening, the second one in 24 hours, to discuss the matter. (Photo: PTI)

Govt imposes 60% income tax on unaccounted bank deposits

Sources said the government could formally announce the amendments in the I-T Act in Parliament Friday

25 Nov 2016 5:21 AM IST

Supreme Court of India. (Photo: PTI)

Supreme Court verdict on Aadhaar-PAN link reserved

Arvind Datar said there cannot be a dichotomy between two laws passed by Parliament.

5 May 2017 12:09 AM IST

Startups have also appealed that the government should also consider eliminating Minimum Alternate Tax for startups, which are DIPP certified.

Start-up bodies appeal for relaxations in tax policies

Presently, the laws regarding capital gains are extremely complicated, especially for startup investment.

18 Jan 2017 4:27 PM IST

Equity investment is prone to market fluctuations and is not advised for people who dont risk appetite.

ELSS to save tax liability

Equity-linked savings scheme offers higher return to investors as its return is tax-free, a feature bank fixed deposits...

29 March 2017 2:42 AM IST

Attorney General Mukul Rohatgi informed the apex court that Aadhaar is unique and could not be duplicated. (Photo: PTI)

Aadhaar-PAN linking not must for these individuals

CBDT has already relaxed July 1 deadline for linking Aadhaar with PAN card.

5 July 2017 12:15 PM IST

Tax payers will also need to quote their Aadhaar number while filing their returns as per the recently passed amendments in the Finance Bill.

CBDT issues clarification on furnishing SFT

Entity having TAN can generate an ITDREIN only when such TAN's Organisational PAN is not available.

26 May 2017 12:44 PM IST