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Any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000.

Govt banking on advance tax collection to meet direct tax target of Rs...

Government had earlier estimated Rs 11.5 lakh crore mop-up from direct tax collection.

15 March 2019 3:02 PM IST

Under FATCA income tax department received data for calendar year 2016 from 39 countries covering nearly 1.2 lakhs persons. (Photo: ANI)

Ahead of polls income tax department starts helplines

The numbers will be active 24/7 and a control room will be set up at the income tax department's office.

15 March 2019 4:11 AM IST

MP man receives 3,000 letters in response to RTI query by I-T dept

MP man receives 3,000 letters in response to RTI query by I-T dept

'Instead of sending me a consolidated reply, the CBDT forwarded my application to IT offices across India,' Gaud said.

11 March 2019 8:56 AM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Businesses can apply for revoking cancellation of GST registration by...

About 1.2 crore businesses are registered under GST, which was rolled out on July 1, 2017.

25 April 2019 2:16 PM IST

Under FATCA income tax department received data for calendar year 2016 from 39 countries covering nearly 1.2 lakhs persons. (Photo: ANI)

I-T officers' appraisal policy junked

The HC, however, held in its judgement that such a policy was wholly impermissible and invalidâ€.

25 April 2019 2:26 AM IST

Income Tax department also raided the Tamil television channel, Jaya TV, over suspected tax evasion. (Photo: PTI)

I-T dept proposes new norms for taxing MNCs in India

The CBDT had set up the committee to bring greater clarity and predictability for taxing MNCs.

19 April 2019 9:09 AM IST

The complaint has alleged that the corporators were misusing the RTI Act for vested interests.

MP Lokayukta refuses to share details on IT searches against corrupt...

In its reply, the Lokayukta said the information sought is in question-answer format. Therefore, it cannot be given.

14 April 2019 11:15 AM IST

Since whole political and democratic actions have become money-playing politics, there is a direct invention of corporate houses.

People's politics

Several candidates are opting for crowdfunding to finance their election campaigns to form an impartial and independent...

13 April 2019 1:26 AM IST

The EC, mandated to providing a level playing field, must know justice must not only be done but be seen to be done.

One-sided raids wrong

The EC, mandated to providing a level playing field, must know justice must not only be done but be seen to be done.

10 April 2019 1:25 AM IST

Kumaraswamy has ordered a probe into the incident and instructed the police to take all necessary measures to ensure that such incidents are not recurring. (Photo: ANI)

'EC, I-T dept literally harassing me, my family,' says Kumaraswamy

'Let the EC officials perform their duties, but don't harass us over mere suspicion,' Kumaraswamy said.

5 April 2019 1:59 PM IST

Traditionally, banks have utilised their excess SLR in the initial period of credit revival.

Suspicious transactions in N-E banks detected

The data so far procured is limited to about only ten days of transactions supplied by just five major banks of the...

5 April 2019 1:19 AM IST

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

PAN-Aadhaar linking: Govt extends date for linking PAN with Aadhaar by...

From April 1 onwards, it will be mandatory to quote as well as link Aadhaar number while filing income tax return.

1 April 2019 12:21 PM IST