New Delhi: The Income Tax department has notified the new set of ITR forms, including a three-page simplified one, for taxpayers to file their returns for assessment year 2015-16.With the finance ministry publishing the gazette
New Delhi: The Government on Monday proposed income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic
Washington: Terming the controversial retrospective taxation regime a "legacy issue", Finance Minister Arun Jaitley has assured US investors that the government does not intend to legislate retrospectively and is looking to put a "quietus" to
New Delhi: As part of its effort to widen the existing tax base, government has asked top Income Tax department officers to individually contribute at least three innovative ideas in this regard.A senior official said
New Delhi: The government Friday told the Supreme Court that the tax payers had a right to know the quality of judges appointed to the higher judiciary, as it once again rubbed the collegium system
Chennai: A 450-member team of the Income Tax Department is conducting searches at offices of the Chettinad Group of companies in Tamil Nadu, Andhra Pradesh and Maharashtra, officials said on Wednesday.The searches are on at
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,
Hearing on Smriti Irani case todayNew Delhi: A court fixed June 1 to hear a complaint against Smriti Irani, Human Resource Development Minister for allegedly misrepresenting facts in her election affidavit while imposing a cost
New Delhi: The currently levied education cess and secondary and higher education cess would become ineffective from today as they would be subsumed in the service tax rate of 14 percent notified by the Central
New Delhi: Failure to answer questions from the tax department can entail a penalty of up to Rs two lakh from the next financial year under the new black money law, which has got the
New Delhi: It was believed that Finance Minister Arun Jaitley would withdraw the LPG (liquefied petroleum gas) subsidy for those who fall in the 30-percent tax bracket. However, this budget included no such measure. Thereafter,
New Delhi: The Siti Cable Network Ltd has denied the allegation of tax evasion by Delhi government and claimed that they have not received any official communication from the Entertainment Tax Department regarding outstanding payments.The
New Delhi/Mumbai: In the biggest-ever tax demand slapped on them, nearly 100 foreign funds have been asked to cough up an estimated USD 5-6 billion for ‘untaxed gains' made by them in the Indian markets
New Delhi: The collection of indirect taxes has surpassed the revised estimates by Rs 4,000 crore to reach Rs 5.46 lakh crore for the fiscal ended March 2015, despite a slowdown in the manufacturing sector.The
New Delhi: At a time when unaccounted wealth of Indians stashed away in foreign banks is under focus, the income tax department has shifted its attention from civil consequences to criminal consequences in serious cases
Patna: The Bihar government today withdrew two per cent tax concession on diesel in the state to perk up its coffers, making the fuel dearer by over Rs 3 per litre in the state.The state-imposed
Chennai: In a relief to AIADMK supremo Jayalalithaa, a court here today discharged her from an 18-year old income tax return case, allowing withdrawal of prosecution by the I-T department consequent to acceptance of her
Kolkata: A cultural organization here Saturday pressed for making Aamir Khan-starrer "PK" tax-free in West Bengal."'PK; has been exempted from tax in Bihar and Uttar Pradesh despite continued protests by right-wing Hindu organisations that claim
Sambhal: An FIR has been lodged against 15 women, including BJP workers, who allegedly staged a protest against Uttar Pradesh Chief Minister for exempting PK from entertainment tax, police said here today.An FIR has been
New Delhi: The government today announced some concessions for mutual fund industry and income tax payers, while comitting to low tax regime to promote industrial activity to generate jobs and create more resources to undertake
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