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Investors who have received bonus shares from hundreds of companies over the past few years have been subject to the higher tax outgo.

Share buyback to attract higher tax

Indian IT stepped up payout of free cash flow through a mix of dividend and buyback (more tax efficient) in the past...

7 July 2019 8:58 PM GMT

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

Tax force on direct taxes gets more time to submit report

The government has allowed the task force to submit its report by 16th of August 2019.

1 Aug 2019 5:26 AM GMT

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

Govt slashes corporate tax to 25.17 per cent for domestic cos

The changes in the Income Tax Act and Finance Act will be made effective through an ordinance.

20 Sep 2019 5:45 AM GMT

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.

Income Tax Department eases criminal prosecution norms for TDS, ITR...

CBDT has laid down a new criteria to ensure only 'deserving cases get prosecuted'.

12 Sep 2019 7:03 AM GMT

Quarter on quarter aggregate revenue of BSE 500 companies saw de-growth of 3.7 per cent from Rs 22,61,772.8 crore in January-March 2019 quarter while profit after tax saw 19 per cent growth from Rs 1,18,940.3 crore.

A balanced Budget despite several constraints

The finance minister has been more realistic by assuming nominal GDP growth of 10% for FY 21.

1 Feb 2020 10:11 PM GMT

New Delhi: Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Lok Sabha, in New Delhi, Wednesday, Feb. 1, 2023. (Photo: PTI)

AA Edit | Sound Budget for stability, opportunity lost on reform

Green is the colour of the Budget, with a big thrust to green housing, green vehicles, green industries

1 Feb 2023 6:40 PM GMT

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)

IT Dept extends date for sending suggestions on new direct tax

CBDT said that the term for sending suggestion and feedback has been extended by a period of three months.

29 May 2018 3:23 AM GMT

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

Cabinet approves tax information exchange pact with Brunei

The agreement enables the competent authorities of India and Brunei to provide assistance through exchange of...

16 May 2018 1:57 PM GMT

CBDT has made available in the Compliance Module on the e-filing portal of the Income Tax Department the information relating to the identified non-filers.

Tax dept will act once Walmart gets regulatory nod in Flipkart deal

The department is currently studying the details received from the company.

3 Jun 2018 9:01 AM GMT

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

Finance ministry considering to exclude income from minor asset...

Virendra Kumar said the request to carry out amendment in the Income Tax Act was under the consideration of the Finance...

2 Aug 2018 10:37 AM GMT

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

FinMin proposes to ease process of getting no tax deduction...

The tax department proposes to make changes in Form No 13 and related rules under the Income Tax Act.

20 Aug 2018 11:07 AM GMT

Vodafone reported a loss of 2.34 billion euro in the same period a year ago.

Delhi HC halts 2nd arbitration by Vodafone in Rs 11,000 cr tax

Govt made a retrospective amendment to Income Tax Act which re-fastened the liability on Vodafone.

23 Aug 2017 4:07 AM GMT