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Rule 114E of Income-Tax Rules, 1962, for furnishing Statement of Financial Transactions (SFT) came into force with effect from April 1, 2016.

Small cities help taxmen

Offset single-digit growth in tax kitty of Mumbai, Delhi.

29 Dec 2016 1:31 AM IST

Finance Minister Arun Jaitley

Jaitley confident of taxes surpassing budget estimate

Finance Minister had in his Budget for 2016-17 fiscal put gross tax revenue 11 per cent higher.

4 Jan 2017 9:03 PM IST

I-T department said that Centralised Processing Centre (CPC) has already processed over 4.19 crore income tax returns (ITRs) and issued over 1.62 crore refunds during the period.

Rajasthan sees 53 per cent growth in tax collection, highest in India

Rajasthan's performance is also significant considering some other factors that hinders its industrial growth.

14 April 2017 12:46 AM IST

The e-filing facility for ITR-1, which is to be enabled from April 1, will have an online tax calculator and ITRs can be filed till the stipulated deadline of July 31.

Govt exceeds FY17 tax collection target at Rs 17.10 lakh crore

Direct tax mop up during the April-March period grew 14.2 per cent at Rs 8.47 lakh crore.

4 April 2017 12:14 PM IST

Finance Minister Arun Jaitley (C) stands outside his office at North Block holding the briefcase containing the Union budget for 2017 and is flanked by MoS Arjun Meghwal (R) and Santosh Gangwar (L), in New Delhi. (Photo: PTI)

Union Budget 2017: A step towards GST

The rate of tax for income within the range of Rs 2.5 lakhs to Rs 5 lakhs has been reduced from 10 per cent to five per...

2 Feb 2017 2:38 AM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Direct tax collection up at Rs 5.82 lakh crore till Jan

According to Finance Ministry, personal income tax collection showed a 21 per cent growth in Apr-Jan period.

10 Feb 2017 4:20 PM IST

The e-filing facility for ITR-1, which is to be enabled from April 1, will have an online tax calculator and ITRs can be filed till the stipulated deadline of July 31.

Direct tax collections rise 14 pc to Rs 4.8 lakh cr in Apr-Nov

Gross collections have increased by 10.7 per cent to Rs 5.82 lakh crore during April-November, 2017.

9 Dec 2017 5:13 PM IST

he top leadership of the MCs said that property tax defaulters owe around Rs 2,700, including property tax dues with interest.

Direct, indirect tax collection grows in April-Nov

Government is eyeing a 12.64 per cent growth in direct tax at Rs 8.47 lakh crore for the current fiscal year.

10 Dec 2016 1:21 PM IST