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RBI had issued a notification saying that the withdrawal limit of cash from savings bank accounts will be relaxed to Rs. 50,000 from February 20

Taxmen: Tipoff us on cash deals

The government has banned cash transactions of Rs 2 lakh or more from April 1, 2017, through the Finance Act 2017.

3 Jun 2017 1:03 AM IST

Union Minister for Finance and Corporate Affairs Arun Jaitley at GST Council Meeting, at Vigyan Bhawan in New Delhi. (Photo: PTI)

16 Things you should know about the Finance Act 2017

At present for capital assets acquired before 1st April 1981, FMV on 1st April 1981 can be substituted.

2 April 2017 6:30 AM IST

UIDAI is the nodal body responsible for rolling out Aadhaar

I-T Act treats all assesses alike, not discriminatory: Supreme Court

New provision of the Income Tax Act making Aadhaar mandatory for filing income tax returns.

12 Jun 2017 1:11 PM IST

PAN card is impotant document issued by I-T department.

10.52 lakh 'bogus' PAN cards not a small number to harm economy: SC

Introducing Aadhaar in tax regime was one of the measures to check black money or money laundering.

11 Jun 2017 12:41 PM IST

Supreme Court of India (Photo: File)

SC refuses interim order against Centre's notification on Aadhaar

Advocate Shyam Divan told SC that Centre should be directed not to deprive any person of the benefits of welfare...

27 Jun 2017 12:27 PM IST

Finance Minister Arun Jaitley presenting the annual budget. (Photo: PTI)

Union Budget 2017: Cash transaction above Rs 3 lakh is banned

Centre proposes new law to confiscate assets of economic offenders.

2 Feb 2017 3:19 AM IST

Income Tax officials conducted a raid at Tamil Nadu Chief Secretary Rammohan Raos residence in Chennais Anna Nagar on Wednesday. (Photo: PTI)

Tax dept signs 4 advance pricing pacts with taxpayers

CBDT expects more APAs to be concluded and signed before the end of the current fiscal.

7 Feb 2017 1:08 PM IST

Bitcoin operates by giving each user a unique public key, which is a string of numbers. Users can transmit money in the form of digital bitcoins from one public key to another.

I-T dept conducts surveys at Bitcoin exchanges country-wide

Bitcoin is not regulated in country and its circulation has been a cause of concern among central bankers.

13 Dec 2017 12:55 PM IST

The Lok Sabha earlier this week passed the Taxation Laws (Second Amendment) Bill, which proposes a steep up to 85 per cent tax and penalty on undisclosed wealth.

Inherited gold, jewellery to be exempt from income tax: govt

No tax on ancestral jewellery, purchase from disclosed income.

1 Dec 2016 4:21 PM IST