Income Tax officials conduct raids in Bengaluru, reveal Rs 880 cr of concealed income
During the course of the survey operation, evidence of tax evasion has been gathered regarding wrongful claims of deduction u/s 80JJAA of Income-tax Act, 1961.
Jul 13, 2021, 23:10 PM IST
India, US to sign bilateral agreement for exchange of CbC reports by March-end
This would enable both the countries to exchange CbC Reports filed by the ultimate parent entities of International Groups in the respective jurisdictions.
Mar 15, 2019, 17:39 PM IST
Here's why ELSS is best tax-saving instrument under section 80C
Looking into the data of the last five years, ELSS returned over 19 percent.
Jan 31, 2018, 12:54 PM IST
Govt sets up panel to review income tax laws
Prime Minister Narendra Modi, during the annual conference of tax officers in September, had observed that the Income-tax Act, 1961 was drafted more than 50 years ago and it needs to be redrafted.
Nov 22, 2017, 17:54 PM IST
No taxman can terrorise assesses of scrutiny: CBDT chief
Seeking to allay concerns of taxpayers, CBDT has asked them not to get terrorised by threats of their cases being wilfully chosen for "scrutiny" by the taxman as the procedure is fully electronic and devoid of any human intervention.
Jun 24, 2015, 15:54 PM IST
FinMin may double tax exemption limit under 80C to Rs 2 lakh
Seeking to boost household savings, the Finance Ministry is considering doubling the exemption limit for investments by individuals in financial instruments to Rs 2 lakh.
Jun 30, 2014, 16:09 PM IST
