New Delhi: Taxman should instill the fear of “incarceration, loss of liberty and social opprobrium” in tax evaders and prosecute them in large numbers to create a credible deterrence against the menace of black money,
New Delhi: The government may intend to target black money with a new income tax returns form, mandating assessees to disclose their bank accounts and details of foreign visits, but it also makes filing of
New Delhi: Prime Minsiter Narendra Modi's displeasure over delay in income tax refund has send the Central Board of Direct Taxes in a tizzy. Modi flagged the issue last week during his Pragati video conference
New Delhi: The Income Tax Department has shifted its focus from revenue augmentation to prosecution of willful tax evaders.Central Board of Direct Taxes (CBDT) on Thursday confirmed that the I-T Department has started focusing on
New Delhi: Finance Minister Arun Jaitley will hold a high-level review-cum-strategy meeting of top Income Tax commissioners on Thursday to bolster revenue collection work and chart a roadmap to achieve the target.All Principal Chief Commissioners
New Delhi: Tasked with the job of recovering illicit wealth stashed away by Indians, the SIT on black money has decided to look into the contentious issue of secrecy clauses in India's tax treaties with
New Delhi: Worried over corporates defrauding revenue by mergers and acquisitions, the Finance Ministry has asked its officials to ensure that such deals do not result in loss to the exchequer.The revenue officials, CBDT said
New Delhi: The Central Board of Direct Taxes (CBDT) has cancelled leave of all officials on tax collection duty and ordered 24X7 functioning of its offices till March 31 in order to collect the remaining
New Delhi, Feb 29: A committee under the stewardship of the Central Board of Direct Taxes ( CBDT) chief has suggested a drastic overhaul of laws to provide more stringent punishment, a fast- track judiciary
New Delhi, Nov 26: CBI is understood to have communicated to the Central Board of Direct Taxes that none of the individuals whose names figure in the LGT Bank accounts for stashing illegal funds abroad
New Delhi, Jun 24: The finance ministry has received a flood of suggestions to combat the menace of black money, with over 1,000 mails coming in within a week of opening an e-mail account to
New Delhi, Jun 23: As a row rages over the alleged bugging of the offices of Finance Minister Pranab Mukherjee and his aides, experts have questioned the use of private agencies by the CBDT for
New Delhi, Apr 8 : The government today informed the Supreme Court that it will set aside its order directing scam-hit information technology (IT) firm Satyam Computer to pay Rs 617 crore as income tax
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