Govt plans to make PAN universal
The government will soon launch a facility under which a PAN card will be issued to all citizens, as per media reports.
Aug 19, 2015, 14:35 PM IST
Have centralised monitoring for audit objections: CAG to CBDT
Government auditor CAG has suggested to the Central Board of Direct Taxes to introduce centralised monitoring mechanism to timely deal with the internal audit objections.
Aug 11, 2015, 22:30 PM IST
Indirect tax revenue surges 37% to Rs 2.1 lakh crore in Apr-Jul
Indirect tax revenue jumped over 37 percent to over Rs 2.1 lakh crore during April-July period of current fiscal, on the back of higher excise collections.
Aug 11, 2015, 16:01 PM IST
Govt notifies changes in I-T rules to comply with FATCA pact
The Revenue Department has amended income tax rules to provide for reporting of information with regards to financial assets and accounts, a month after India signed a tax information sharing agreement with the US.
Aug 09, 2015, 11:49 AM IST
Income tax department notifies return forms for firms
The Central Board of Direct Taxes (CBDT) has notified tax returns forms for non-salaried class, including companies, partners in firms and individuals deriving their income from proprietary business or profession for 2015-16.
Aug 02, 2015, 22:33 PM IST
New ITR forms for non-salaried individuals: Which form should you file?
The Income Tax department has notified the revised set of ITR forms for non-salaried individuals to file their returns for the assessment year 2015-16.
Aug 01, 2015, 12:40 PM IST
Black money abroad declaration form can be filed online
The government has notified the form for declaring income and assets abroad as well rules for their calculation under the Undisclosed Foreign Income and Assets Bill and these can also be filed online, parliament was told on Friday.
Aug 01, 2015, 00:33 AM IST
CBDT to expeditiously process MAT exemption claims of FIIs
Government on Friday said the tax department will expeditiously process the cases where FIIs have claimed exemption from minimum alternate tax (MAT) as a benefit under the bilateral tax treaties.
Jul 31, 2015, 18:27 PM IST
17 individuals owe a whopping Rs 2.14 lakh crore tax arrears
Just 17 individuals have a whopping Rs 2.14 lakh crore as outstanding tax arrears, with each of them owing more than Rs 1,000 crore.
Jul 30, 2015, 19:54 PM IST
MAT stand-off: Shah panel submits report to FM
The high-level Justice A P Shah Committee Friday submitted a 66-page report to the government on applicability of minimum alternate tax (MAT) on FIIs, an issue which had riled foreign investors.
Jul 24, 2015, 22:18 PM IST
EU orders France's EDF to repay huge tax break
The EU ordered France`s electricity giant EDF to repay the French state 1.37 billion euros ($1.5 billion) in back taxes on Wednesday, in a case dating from 1997.
Jul 22, 2015, 19:10 PM IST
Greece prepares to reopen banks, apply tax hikes
Banks are set to reopen Monday after a three-week shutdown estimated to have cost the economy some 3.0 billion euros ($3.3 billion) in market shortages and export disruption.
Jul 19, 2015, 17:12 PM IST
Arun Jaitley says 8-10% growth achievable, tax revenues growing
He also said monsoons are progressing well and there are expectations that "rain gods will be kinder" this year, which would result in higher production of pulses and other items.
Jul 12, 2015, 15:57 PM IST
Manual scrutiny of Service Tax returns from Aug 1: CBEC
The assessees who are subject to service tax audits would not be covered under the detailed scrutiny programme.
Jul 10, 2015, 22:49 PM IST
DTAA with Mauritius will be revised soon: Revenue Secretary
The negotiations on the double taxation avoidance agreement (DTAA) between India and Mauritius are in advanced stage and the pact would be revised soon, Finance Ministry said Thursday.
Jul 10, 2015, 00:00 AM IST
Info under FATCA confidential, to be used for tax purposes
The information shared under the FATCA, which India signed with the US Thursday, will be treated as confidential and will be used only for tax purposes.
Jul 09, 2015, 22:34 PM IST
Indian businesses turn sceptical on PM Modi's landmark tax reform
Companies are equally worried that the reform does not extend to real estate, one of the biggest revenue generators for the states, leaving them still subject to state taxes on plant and property, possibly including machinery.
Jul 02, 2015, 09:27 AM IST
Mauritius joins global tax convention to fight black money
In a significant boost for the global fight against black money, Mauritius has become a signatory to the multilateral framework that provides mutual administrative assistance on tax matters with India and other countries.
Jun 24, 2015, 21:48 PM IST
Govt notifies new and simplified ITR forms
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.
Jun 23, 2015, 20:48 PM IST
Use credit or debit card? Here are the benefits govt has planned for you
The government has proposed income tax benefits for people making payments through credit or debit cards. This move also aims to boost digital payement and encouraging non-cash transactions.
Jun 23, 2015, 11:14 AM IST
