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Prime Minister Narendra Modi unveiled a slew of incentives to boost startup businesses, offering them a tax holiday, inspector raj-free regime and capital gains tax exemption as part of the startup action plan.

Govt relaxes norms, investment limit for angel tax concession to...

Govt has decided to relax angel tax norms for startups, including increasing the investment limit to Rs 25 cr.

19 Feb 2019 12:30 PM IST

Under FATCA income tax department received data for calendar year 2016 from 39 countries covering nearly 1.2 lakhs persons. (Photo: ANI)

Par panel seeks action against IT officers

The Public Accounts Committee,while assessing the pharmaceutical sector found lapses in 36 cases in seven states.

17 Feb 2019 12:10 PM IST

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

P C Mody takes charge as new CBDT chief

Mody belongs to the Indian Revenue Service (batch 1981) and takes over from Chandra, who has been appointed as an...

16 Feb 2019 3:25 PM IST

CBDT Chief Sushil Chandra. (Photo: PTI)

Linking Aadhaar-PAN is mandatory for tax filers; to be completed by...

The Supreme Court on February 6 had confirmed that linkage of PAN with Aadhaar is mandatory for filing of ITRs.

15 Feb 2019 4:25 PM IST

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

CBDT clarifies stance on recovery of Rs 36 lakhs from start-up

The assessing officer made the addition after issuing proper show-cause notice and obtaining reply in the matter.

9 Feb 2019 11:35 AM IST

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

Only 1.5 lakh persons declared income above Rs 1 crore

Above 1.5 lakh persons have declared their annual income over Rs 1 crore till now during in the assessment year 2018-19:...

8 Feb 2019 12:52 PM IST

Today, the use of Aadhaar has been extended beyond the PDS and the delivery of subsidised benefits.

Just 23 crore PAN cards linked with Aadhaar ahead of Mar 31 deadline

Income Tax department has so far issued 42 crore PAN, of which 23 crore have been linked with Aadhaar.

7 Feb 2019 3:43 PM IST

Under FATCA income tax department received data for calendar year 2016 from 39 countries covering nearly 1.2 lakhs persons. (Photo: ANI)

I-T Dept to soon decide on startups to be exempt from angel tax

Startups will have to provide account details and return of income for last three years.

7 Feb 2019 12:57 PM IST

The income tax department on Wednesday came out with draft notification for fresh registration of trusts who have carried out modification of their objects. (Photo: PTI)

Income tax, GST offices to remain open on Mar 30, 31 to ease year-end...

GST collections in the current fiscal till February totalled Rs 10.70 lakh crore.

30 March 2019 1:52 PM IST

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

Direct tax collection falls short, CBDT raises alarm

CBDT frames policy for the I-T dept and is also its controlling authority that functions from the North Block in the...

28 March 2019 10:56 AM IST

Any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000.

Govt banking on advance tax collection to meet direct tax target of Rs...

Government had earlier estimated Rs 11.5 lakh crore mop-up from direct tax collection.

15 March 2019 3:02 PM IST

MP man receives 3,000 letters in response to RTI query by I-T dept

MP man receives 3,000 letters in response to RTI query by I-T dept

'Instead of sending me a consolidated reply, the CBDT forwarded my application to IT offices across India,' Gaud said.

11 March 2019 8:56 AM IST