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GSTN is the IT backbone of the country's largest tax reform which is scheduled to be rolled out from July 1.

GST best bet for states to improve finances: RBI

Goods and Services Tax regime is likely to champion a new course for cooperative federalism in India.

12 May 2017 6:20 PM

Finance Minister Arun Jaitley. (Photo: PTI)

No plan to tax agriculture income; rich farmer very rare: Arun Jaitley

Jaitley said NPA resolution will take time but the process has to be expeditiously started now by the banks.

09 May 2017 2:05 PM

Remonetisation to expand tax base: Arun Jaitley

Finance minister said that the move brought about a far greater movement towards digitisation.

08 May 2017 1:31 PM

GST implementation in India is touted to be the biggest reform in the country's indirect taxation since the beginning of economic liberalisation in India more than 25 years ago.

Five things in the Indian tax code that GST aims to fix

GST aims to fix some of the ridiculous parts of current taxation system that were long overdue.

03 May 2017 3:40 PM

The Prime Minister also emphasised on the need to implement e-assessment at the earliest. (Photo: PTI)

PM Modi urges action against Benami property holders

PM Modi said in order to broaden the tax base; more people should come under the tax net.

02 May 2017 6:33 PM

The department feels its January 2016 final assessment order raising a tax demand of Rs 10,247 crore.

I-T dept to challenge ITAT relief to Cairn Energy in Hc

Cairn has already initiated international arbitration against the tax demand and freeze on Cairn India shares.

23 Apr 2017 4:38 PM

Aadhaar is a unique identity given to every Indian.

SC slams Modi govt , asks why it has made Aadhaar mandatory?

Govt last month made quoting Aadhaar details compulsory for filing I-T returns and applying for PAN card.

21 Apr 2017 12:59 PM

GST to bring more people, business units under tax net: Adhia

Post-GST, indirect tax collection would see a growth of 10 per cent as per government target.

14 Apr 2017 12:31 PM

The information gets processed, important information such as social security numbers, tax forms, driving license numbers, names, addresses, payment card details and a lot more such information sells for as little as $50 (approx Rs 3,500). Prices sometimes also drop below $15 if sold in bulk.

Beware: Online tax filing scams steal your refunds too

Hackers are expected to see a fair amount of profits with fraudulent filing returns.

12 Apr 2017 12:59 PM

The demonetisation decision of the Government of India has only accentuated the cause of REIT.

REITS to come up in 12-14 months: Knight Frank

Government has brought amendments in the IT Act to provide a tax efficient and stable regime for REITs in India.

24 Mar 2017 6:39 PM

The committee expressed its happiness over the digitisation of electoral rolls. (Representational Image)

MPs for law to stop tax misuse by shady parties

Some parties formed only for tax sops, says Anand Sharma.

20 Mar 2017 1:18 AM

CBDT boss said the new current demand (after reducing pre-paid taxes) of Rs 3,60,707 crore has been raised till February.

CBDT asks taxman to make all out efforts to recover arrears

As per the action plan target, 20 per cent of the demand raised, which is Rs 72,141 crore.

18 Mar 2017 5:55 PM

Cairn Energy has challenged the I-T demand in an international arbitration and its decision will have to be awaited before the tax demand could be enforced. (Representational image)

Cairn loses income tax appeal

The I-T department had raised a total tax demand of Rs 29,047 crore on Cairn Energy, including Rs 18,800 crore in backdated interest.

11 Mar 2017 3:28 AM

As per rules, all sums deducted as Income Tax shall be paid to the credit of the central government within seven days from the end of the month. (Photo: PTI)

TDS default: I-T dept issues over 850 prosecution notices

The I-T department has netted Rs 2.85 lakh crore revenue till January 31, 2017 under the TDS category.

22 Feb 2017 3:31 PM

Gold, besides real estate is one of the favourite instruments to hoard black money.

Gold above Rs 2 lakh to be taxed 1 per cent at source

Under TCS, the seller will be required to collect an additional 1 per cent from the purchaser, and pay it to the government.

20 Feb 2017 6:36 AM

RBI, IIP, Q3 data major deciders of market this week

MPC of the central bank will take a call on whether to reduce rates at its next policy meeting on February 8.

05 Feb 2017 10:42 AM

Budget 2017-18 may look to soften note ban woes by tax relief

Besides tax break, there could even be a universal basic income in the Budget, industry officials and tax experts said.

30 Jan 2017 4:23 PM

The growth was in double digit in all the other parts of the country during the period.

Direct tax collections in Mumbai, Delhi in single digit

The department collected Rs 5.54 trillion during the reported period from across the country from Rs 4.88 trillion a year ago.

28 Dec 2016 7:45 PM

Prime Minister Narendra Modi. (Photo: PTI)

Modi favours higher taxes from market investors

The low contribution of taxes may be due to the structure of our tax laws.

24 Dec 2016 4:45 PM

The period of 14 days is computed from the date of receipt of the Bill in the Rajya Sabha Secretariat. (Photo: Representational Image)

Govt to notify scheme for taxing black money holders this week

Declarants also have to park a quarter of the total sum in a non-interest bearing deposit for four years.

12 Dec 2016 2:46 PM

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Farrukh Dhondy