Working to make life easy for taxpayers: CBDT
The CBDT is working to create an atmosphere where a taxpayer's life becomes so "easy" that they are never compelled to visit an I-T department office and the hassle of paying taxes is "eliminated totally", its chief has said.
Jun 25, 2015, 14:47 PM IST
E-filing of select ITRs to begin soon
Taxpayers wanting to file online I-T returns for assessment year 2015-16, using the newly notified ITR-2 or ITR-2A forms, will have to wait for few more days as the tax department is in the process of launching the facility on its official website.
Jun 24, 2015, 19:34 PM IST
CBDT paid Rs 42,903 cr interest on tax refunds: CAG
The tax department has incurred an expenditure of Rs 42,903 crore on interest payments on refunds during the 6-year period ended 2013-14 without approval of Parliament, official auditor CAG said on Tuesday.
May 12, 2015, 16:39 PM IST
Central excise arrears rise to Rs 59,309 cr in FY'14: CAG
Tax arrears towards central excise rose to Rs 59,309 crore in 2013-14, from Rs 45,463 crore a year ago, government auditor CAG said on Tuesday.
May 05, 2015, 14:54 PM IST
India to rule on MAT claims for tax treaty investors within a month
The tax department will rule within a month on whether to uphold outstanding claims for Minimum Alternative Tax (MAT) made against foreign investors who qualify for tax treaty benefits, the finance ministry said in a circular on Tuesday.
Apr 24, 2015, 15:52 PM IST
Onus on suspected offenders to prove overseas funds legal: CBDT
The proposed law on black money will put the onus on the suspected offender to prove the legitimacy of overseas assets, as the Tax Department will begin prosecution on the basis of a "rebuttable presumption", a top tax official said Tuesday.
Mar 03, 2015, 20:36 PM IST
