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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.

Govt notifies simplified ITR; e-filing starts tomorrow

Currently, SAHAJ (ITR 1) is filed by salaried employees and ITR 2 by individuals and HUFs.

31 March 2017 3:49 PM IST

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

Tax benefit has cost Rs 4,500 crore

CBDT may evolve a mechanism for proper linkage between tax benefit allowed by the I-T department.

23 Nov 2016 4:18 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.

IT dept releases list of defaulters owing Rs 448 crore

The department advised the defaulters to pay their "tax arrears immediately" in advertisements issued in leading...

18 March 2017 3:40 PM IST

Under the PMGKY after payment of tax, 25 per cent of the unaccounted money will have to be mandatorily parked with the government for 4 years as non-interest bearing deposit.

I-T dept reveals defaulters owing Rs 448 crore

Move part of CBDT adopting strategy of bringing out names of chronic defaulters in public domain.

18 March 2017 2:05 PM IST

The scheme seeks to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance.

CBDT panel to check absconding I-T dept officers

A three-member committee will carry out a 'one-time count' of all officers working in tax department.

24 March 2017 11:21 AM IST

The scheme seeks to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance.

How different I-T returns filing would be this year

Authorities have introduced ITR-1 or Sahaj form for individual tax payers who earn not more than Rs 50 lakh.

18 July 2017 12:57 PM IST

Tax payers will also need to quote their Aadhaar number while filing their returns as per the recently passed amendments in the Finance Bill.

July 31 remains deadline for filing I-T returns, clarifies CBDT

The direct taxes body has also said that it has not received any proposal to extend last date.

29 July 2017 10:35 AM IST

Tax payers will also need to quote their Aadhaar number while filing their returns as per the recently passed amendments in the Finance Bill.

Massive crackdown on shell companies in offing: CBDT

MCA has already cancelled registrations of over 1.62 lakh companies for non-filing of financial statements.

27 July 2017 4:03 PM IST

Tax payers will also need to quote their Aadhaar number while filing their returns as per the recently passed amendments in the Finance Bill.

I-T dept unearths 400 benami deals, attaches Rs 600-cr properties

Crackdowns form part of tax dept's efforts to implement new Benami Act to ensure visible outcomes.

24 May 2017 6:49 PM IST

BJP president Manoj Tiwari addresses the press at the party office in New Delhi. (Photo: PTI)

BJP seeks CM Arvind Kejriwal resignation over fund row

Tiwari claimed that the AAP has not amended the list suo moto, but has done it under pressure of the I-T authorities.

28 Dec 2016 3:17 AM IST

Tenders of Specified Bank Notes (SBN) in excess of Rs. 5000 into a bank account will be received for credit only once during the remaining period till December 30.

Data mining: Car buys spill income beans

Indians buy 25 lakh cars a year though 24 lakh report over Rs 10 lakh income.

28 Dec 2016 3:02 AM IST

CAG in its report pointed out that the I-T department is primarily responsible for combating the menace of black money in the country. (Representational image)

I-T faces CAG's wrath on fake sales

Currently the list contains around 2,059 dealers who had issued invoices involving tax evasion of more than Rs 10,640...

13 March 2017 2:15 AM IST