IT Department to take action against 67 lakh people for tax fraud
IT Department to take action against 67 lakh people for tax fraud . Watch the full segment for more details.
Dec 22, 2016, 23:16 PM IST
Government may implement tax on withdrawal of cash
Government may implement tax on withdrawal of cash. Watch the full segment for more details.
Dec 20, 2016, 22:50 PM IST
MONEY GURU | What is the provision of tax benefit on tuition fee | Part 02
What is the provision of tax benefit on tuition fee . Watch the full segment for more details.
Dec 20, 2016, 14:04 PM IST
Govt exempts deposit in bank a/cs of political parties from income tax subject to conditions
This move by the government comes even as it levies stiff penalties on unaccounted cash in banks following the demonetisation move.
Dec 16, 2016, 20:32 PM IST
Black money crackdown: Rs 65,250 crore mopped up via Income disclosure scheme (IDS)
Income declaration scheme (IDS), 2016 was a scheme introduced by Narendra Modi led government to unearth black money and bring it back into the system.
Dec 15, 2016, 17:08 PM IST
Demonetisation: FM Arun Jaitley hints at lower tax rates
Citing the advantages of the demonetisation, Finance Minister Arun Jaitley said on Tuesday that higher tax revenues would enable the government at some stage to make taxes more reasonable
Dec 13, 2016, 21:01 PM IST
Indirect tax mop-up grows 26.2%, direct tax up 15.12% in April-November
Government's revenue collection in April to November saw indirect tax-mop up growing at an impressive 26.2 percent while that of direct tax came in at 15.12 percent.
Dec 09, 2016, 20:37 PM IST
No plan to impose tax on farmers: Ravi Shankar Prasad
Union Minister Ravi Shankar Prasad has said that there was no plan to impose tax on farmers for their produce or on women for their jewellery.
Dec 06, 2016, 23:54 PM IST
Demonetisation: Over Rs 130 crore in cash and jewellery seized, says CBDT
Following the demonetisation move, over Rs 130 crore in cash and jewellery has been siezed while taxpayers have admitted Rs 2,000 crore undisclosed income, the Central Board of Direct Taxes (CBDT) informed on Tuesday.
Dec 06, 2016, 17:40 PM IST
IDS gets Rs 67,382 crore, over Rs 2,000 crore higher than estimate realised
The figure of black money disclosed under Income Declaration Scheme (IDS) was revised to Rs 67,382 crore by the Finance Ministry on Sunday. This is Rs 2,000 crore highe than the earlier number.
Dec 04, 2016, 17:47 PM IST
Govt clarifies exemption limits for seizure of gold jewellery
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Dec 02, 2016, 12:16 PM IST
Demonetisation impact: Greater Hyderabad Municipal Corporation collects over Rs 160 crore in just four days
Demonetisation of high-value currency notes by the Centre has spelt windfall for the Greater Hyderabad Municipal Corporation (GHMC) as it collected over Rs 160 crore in four days.
Nov 15, 2016, 18:27 PM IST
Demonetisation: Tax department will not hound small depositors, assures Arun Jaitley
Finance Minister Arun Jaitley on Thursday assured people that taxman will not hound those making small deposits in scrapped Rs 500/1,000 currency, but advised them not to throng banks as there is enough time to exchange the junked notes.
Nov 10, 2016, 16:31 PM IST
Govt to keep tabs on deposits over Rs 2.5 lakh, to attract tax plus 200% fine on income mismatch
Any mismatch with income declared by the account holder will be treated as a case of tax evasion and thus attract tax plus a penalty of 200 percent, the government said.
Nov 09, 2016, 21:58 PM IST
Demonitisation of notes: Deposits under tax exemption limit may not draw I-T scrutiny
After withdrawing Rs 500 and Rs 1,000 notes from circulation, the government allowed individuals to deposit the same in their bank accounts till December 30 and get smaller denomination ones or new Rs 500 and Rs 2,000 bank notes.
Nov 09, 2016, 16:11 PM IST
HSBC should stand trial in tax fraud case, says French prosecutor
A French prosecutor has called for British banking giant HSBC to stand trial for enabling French clients to hide at least 1.67 billion euros ($1.84 billion) from the taxman, a source close to the probe said Thursday.
Nov 07, 2016, 21:12 PM IST
Black money fight: India-Japan amended tax treaty comes into force
The amended bilateral tax treaty between India and Japan, which provides for strengthened exchange of information to help reduce tax evasion, has come into force from October 29.
Nov 01, 2016, 20:06 PM IST
CBDT tells officers to submit data of appeals disposed of every month
To fast-track disposal of tax cases, CBDT has started reviewing performance of its officers and asked commissioners to submit data on number of appeals they have disposed of every month against the given target.
Oct 17, 2016, 14:33 PM IST
Electoral trusts can't accept funds from PSUs, foreign sources
Tightening funding norms, the income tax department has barred state-owned companies and foreign sources such as trusts and foundations from contributing money to electoral trusts that are formed to fund political parties.
Oct 13, 2016, 16:54 PM IST
Indirect tax collection jumps 26% in April-September, direct tax 9%
Government's revenue collection in April to September -- the first half of the current fiscal -- saw indirect tax-mop up growing at an impressive 26 percent while that of direct tax came in at a tepid 9 percent.
Oct 10, 2016, 22:44 PM IST
