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It would have more than 5,000 shops, 300 retail outlets with world-class infrastructure, warehousing, logistics, supply and trade ecosystem. (Photo: Pixelbay)

India, Brunei sign pact to exchange information on tax, banking...

The pact enables exchange of information, including banking and ownership information, between the two countries for tax...

1 March 2019 12:03 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Business

Businesses can apply for revoking cancellation of GST registration by...

About 1.2 crore businesses are registered under GST, which was rolled out on July 1, 2017.

25 April 2019 2:16 PM IST

The state is planning to set up six start-ups villages with modern technologies.

Business

342 start-ups get angel tax exemption since February

To avail the concession of exemption from this section, eligible start-ups have to file a duly signed self-declaration...

24 April 2019 3:29 PM IST

Madhya Pradesh chief minister Kamal Nath

India

MP CM's nephew under fire for tax evasion

According to sources, the raids were conducted at Mr Nath's nephew Ratul Puri's company, Hindustan Powerprojects Pvt Ltd...

23 April 2019 1:39 AM IST

Income Tax department also raided the Tamil television channel, Jaya TV, over suspected tax evasion. (Photo: PTI)

Business

I-T dept proposes new norms for taxing MNCs in India

The CBDT had set up the committee to bring greater clarity and predictability for taxing MNCs.

19 April 2019 9:09 AM IST

PAN card is impotant document issued by I-T department.

Business

PAN-Aadhaar linking: Govt extends date for linking PAN with Aadhaar by...

From April 1 onwards, it will be mandatory to quote as well as link Aadhaar number while filing income tax return.

1 April 2019 12:21 PM IST

Senior citizens, above 60 years of age, have to submit Form 15H to banks at the beginning of a financial year to ensure that no tax is deducted at source on interest income. (Representational Image)

Business

Senior citizens with taxable income up to Rs 5 lakh can seek TDS...

Earlier, the limit for seeking Tax Deducted at Source (TDS) exemption was Rs 2.5 lakh.

23 May 2019 6:11 PM IST

Many taxpayers donate one days salary or part of their income for noble purposes but do not declare these donations in their tax returns.

Business

No changes made in ITR forms, only software updated: CBDT

The CBDT said that the software utility for e-filing of all the ITR forms has been released long back.

24 July 2019 4:41 PM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Business

Tax paying should be a pleasurable experience: CBDT chairman

Revenue collection under the direct taxes head has grown and the total tax base has also increased to over 7 crore...

24 July 2019 3:40 PM IST

If you are under the age of 60, heres a check list to help you plan your money decisions to create wealth, insure adequately, and save tax in 2018-19.

Business

If you fail to file ITR by due date, you will be penalised, even get...

In case, you fail to file your ITR, the income tax department may send you a notice and you could be jailed.

15 July 2019 2:11 PM IST

The due date for filing of Income-Tax returns for assessment year 2018-19 is 31.07.2018 for certain categories of taxpayers.

Business

Will income tax filing deadline be extended from July 31?

Tax payers have to pay special attention this year on account of the changes in the forms.

13 July 2019 1:41 PM IST

$Foreign portfolio investors are also seeking clarity behind \indirect transfer\ rules that could increase tax liabilities for overseas funds. (Representational Image)$ Business

FPIs can opt for corporate route to avail lower tax surcharge: CBDT...

FPIs get covered by higher tax rate as they have been investing as a non-corporate entity such as trust or association...

10 July 2019 6:10 PM IST