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Under the PMGKY after payment of tax, 25 per cent of the unaccounted money will have to be mandatorily parked with the government for 4 years as non-interest bearing deposit.

ClearTax launches tech platform for GST

GST Suvidha Provider will be adept to handle over 1 bn invoices, to be generated after GST rollout.

5 April 2017 4:37 PM IST

Any application for a PAN will also have to state Aadhaar or 12-digit unique ID, which is backed by biometrics like finger prints and iris scans stored in a central repository.

New plea in Supreme Court against linking Aadhaar to I-T

CPI leader Binoy Viswam moves SC, saying Centre has no legal backing in linking Aadhaar with PAN for filing ITR.

5 April 2017 2:18 AM IST

Police personnel display seized old currency notes of 1000 and 500 at Kherwadi police station in Mumbai. (Photo: AP)

Cops smell a plot in seizure of notes

Believe note's owners may have tipped off about notes in bid to retrieve currency later.

4 April 2017 7:23 AM IST

Income Tax department

Income Tax department raids 20 jewellers' offices, homes

It is suspected that the jewellers accepted old notes by charging extra for the gold.

27 Feb 2017 1:09 AM IST

Coal Minister Piyush Goyal

Lower tax rates only after all paid dues: Goyal

Power Minister's remarks come in backdrop of industry chambers asking for zero or 5 per cent tax under GST regime.

25 Feb 2017 10:39 AM IST

Supreme Court of India (Photo: PTI)

Link Aadhaar with PAN, those without it exempted from linkage: SC

A bench comprising Justices AK Sikri and Ashok Bhushan upheld the legislative competence of Parliament in enacting the...

9 Jun 2017 4:53 PM IST

Revenue Secretary Hasmukh Adhia.

Slashing corporate tax was a big challenge: Adhia

Revenue Secretary said that slashing tax would drain huge amount of money.

4 Feb 2017 1:12 PM IST

The decision was pending, as the government wanted housing stock from the builders for affordable houses.

One-BHK could be back in Mumbai

A one BHK flat normally comes under 30 square metres in the affordable segment.

2 Feb 2017 5:32 AM IST

People watch the Union Budget presentation on a screen outside the Bombay Stock Exchange building in Mumbai. (Photo: AFP)

Union Budget 2017: Small taxpayers are big winners

Government to cushion effects of demonetisation.

2 Feb 2017 2:23 AM IST

Union Finance Minister Arun Jaitley. (Photo: PTI)

Budget 2017: Income tax for small firms slashed to 25 per cent

As per the data of assessment year 2015-16, there are 6.94 lakh companies filing returns.

1 Feb 2017 3:31 PM IST

Central Board of Direct Taxes (CBDT) chairman Sushil Chandra

18 lakh I-T notices to suspect accounts

The I-T department will send emails and text messages seeking explanations about their sources of funds.

1 Feb 2017 2:34 AM IST

The CJI asked the counsel when income from agricultural produce is exempt from tax, why not this exemption.

Reply date for I-T queries on deposits now till Feb 15

Under Operation Clean Money, I-T dept sent SMS and e-mails to 18 lakh assessees in initial phase.

11 Feb 2017 6:50 PM IST