GST reality report: Public responds to government's latest implementation
GST has made to it's launch and now people in different parts of the country share their reactions of how successful they think is GST will be for India.
Jul 01, 2017, 16:04 PM IST
GST regime from July 1: What will be cheaper- Here’s the complete list
A list of supplies, where the GST incidence is lower than the present combined indirect tax rates.
Jun 30, 2017, 19:03 PM IST
All India ITR launches income tax e-filing app
All India ITR (www.allindiaitr.com), a government authorised e-filing website, on Tuesday launched a mobile application to make the process of income tax e-filing simple.
Jun 13, 2017, 18:41 PM IST
Telecom industry's cash deficit at Rs 1.2 lakh crore: RCom
Intense tariff war and high taxes are expected to squeeze Indian telecom operators, leaving a gaping Rs 1,20,000 crore deficit between the industry's earnings and its debt/payment commitments this year, says debt-laden Reliance Communications.
Jun 04, 2017, 16:11 PM IST
Income Tax department warns against cash dealings of Rs 2 lakh, seeks tip-off
Income Tax department on Friday warned people against indulging in cash transaction of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty.
Jun 02, 2017, 17:11 PM IST
I-T dept disloses names of 5 defaulters in Delhi
As part of its strategy to "name and shame" big defaulters, the Income Tax Department on Thursday published names of five entities who owe over Rs 10 crore in taxes.
May 18, 2017, 15:35 PM IST
91 lakh new taxpayers added, undisclosed income of Rs 16,398 crore identified post demonetisation
Personal income tax return filing has gone up post-demonetisationdue to ownership of unanimous money being identified, Finance Minister Arun Jaitley said on Tuesday.
May 16, 2017, 17:55 PM IST
I-T dept to seek info on deposits made during demonetisation in new ITRs
The taxman will seek data on deposits made by an assessee during the demonetisation period as part of the new Income Tax Returns (ITRs) that would be notified soon for assessment year 2017-18.
Mar 30, 2017, 20:06 PM IST
Govt to bring 1-page income tax return filing process from April 1
Govt to bring 1-page income tax return filing process from April 1. Watch complete news story of News 360 for getting the detailed news updates!
Mar 28, 2017, 20:28 PM IST
Centre to get greater chunk in residual GST Compensation Fund
The Centre will have a greater share of the residual amount in the compensation fund at the end of the 5-year period as the GST Bill now provides for equal sharing of the amount as against the earlier formula which favoured states.
Mar 27, 2017, 15:01 PM IST
Tamil Nadu assembly moves bill to levy additional 5 pc tax on liquor
Tamil Nadu government today moved a bill in the state Assembly for levy of an additional five per cent tax on sale of liquor.
Mar 23, 2017, 18:00 PM IST
Neymar hails multi-million euro tax victory after Brazilian authorities halved fine on appeal
A financial appeals court (CARF), a body linked to the Economy Ministry, quashed two convictions against Neymar in relation to irregularities in the payment of taxes on deals through two companies created by his father. However, three other convictions were upheld.
Mar 17, 2017, 09:05 AM IST
Donald Trump paid USD 38 million in taxes in 2005: White House
President Donald Trump paid USD 38 million in taxes on more than USD 150 million in income in 2005, the White House announced today.
Mar 15, 2017, 18:09 PM IST
Monitor tax collection to meet target by Mar 31: CBDT to taxman
The CBDT has directed the Income Tax department to "scrupulously" monitor tax collection, which it said is slightly less than the target even as the current financial year is nearing an end.
Mar 07, 2017, 17:11 PM IST
Tax-free limit for gratuity hiked to Rs 20 lakh
Formal sector workers may soon be eligible for up to Rs 20 lakh tax-free gratuity as central trade unions have agreed on the proposal in a tripartite consultation with the Labour Ministry.
Feb 25, 2017, 22:43 PM IST
Taxman to scrutinise loan deposits under op 'clean money'
The Income Tax department may initiate penal action and impose an equivalent penalty in select cases of loan amount deposits of Rs 20,000 or more as part of the 'Operation Clean Money' to check stash post demonetisation.
Feb 22, 2017, 20:10 PM IST
Benami assets: I-T dept books 230 cases, attaches Rs 55 cr assets
The Income Tax department has registered over 230 cases and attached assets worth Rs 55 crore nationwide as part of its post demonetisation action under the newly enforced Benami Transactions Act.
Feb 22, 2017, 19:55 PM IST
TDS default: I-T dept issues over 850 prosecution notices
The Income Tax department has issued over 850 prosecution notices to firms in the private and government domain in Karnataka and Goa on charges of delay in remitting TDS funds to the exchequer.
Feb 22, 2017, 15:36 PM IST
Operation Clean Money: No threat or show cause to taxpayers, CBDT tells taxman
The CBDT on Tuesday asked the taxman to ensure there is no "threat, warning or show cause" notice to taxpayers contacted by it under 'Operation Clean Money' that is aimed at checking black money post-note ban.
Feb 21, 2017, 19:43 PM IST
Note ban impact: Over 7 lakh assessees respond to I-T dept query; 'non-statutory' letters to be issued in case of no reply
The I-T Department on Friday said that more than 7 lakh assessees, out of 18 lakh who were sent SMS/emails for making suspicious deposits post demonetisation, have submitted their response.
Feb 17, 2017, 13:07 PM IST
