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GST reform process would lead to a move from the regime of tax exemptions in various sectors of economy to a regime of seamless flow of credit and payment of tax.

Govt keen on proper discussion on GST Bills in Parliament

GST has broader ramifications for states and involves state revenues.

29 Nov 2016 8:09 PM IST

The amendments are progressive in nature and puts to rest to the uncertainty on the penalties on the amounts deposited in bank accounts post announcement of demonetisation.

I-T Act amendment a 'win-win', to boost govt revenues

Under the PMGKY blackmoney declarants have to mandatorily park 25 per cent of that wealth in zero-interest,...

28 Nov 2016 8:24 PM IST

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

Tata Motors, Kingfisher owe crores in taxes

Tata Motors has outstanding excise duty of Rs 629.76 crore in 91 cases and service tax dues of Rs 516.09 crore in 5...

25 Nov 2016 3:12 PM IST

Prime Minister Narendra Modi held a meeting of the Cabinet on Thursday evening, the second one in 24 hours, to discuss the matter. (Photo: PTI)

Govt imposes 60% income tax on unaccounted bank deposits

Sources said the government could formally announce the amendments in the I-T Act in Parliament Friday

25 Nov 2016 5:21 AM IST

Supreme Court of India. (Photo: PTI)

Supreme Court verdict on Aadhaar-PAN link reserved

Arvind Datar said there cannot be a dichotomy between two laws passed by Parliament.

5 May 2017 12:09 AM IST

Startups have also appealed that the government should also consider eliminating Minimum Alternate Tax for startups, which are DIPP certified.

Start-up bodies appeal for relaxations in tax policies

Presently, the laws regarding capital gains are extremely complicated, especially for startup investment.

18 Jan 2017 4:27 PM IST

Equity investment is prone to market fluctuations and is not advised for people who dont risk appetite.

ELSS to save tax liability

Equity-linked savings scheme offers higher return to investors as its return is tax-free, a feature bank fixed deposits...

29 March 2017 2:42 AM IST

Attorney General Mukul Rohatgi informed the apex court that Aadhaar is unique and could not be duplicated. (Photo: PTI)

Aadhaar-PAN linking not must for these individuals

CBDT has already relaxed July 1 deadline for linking Aadhaar with PAN card.

5 July 2017 12:15 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.

CBDT issues clarification on furnishing SFT

Entity having TAN can generate an ITDREIN only when such TAN's Organisational PAN is not available.

26 May 2017 12:44 PM IST

RBI had issued a notification saying that the withdrawal limit of cash from savings bank accounts will be relaxed to Rs. 50,000 from February 20

Taxmen: Tipoff us on cash deals

The government has banned cash transactions of Rs 2 lakh or more from April 1, 2017, through the Finance Act 2017.

3 Jun 2017 1:03 AM IST

Union Minister for Finance and Corporate Affairs Arun Jaitley at GST Council Meeting, at Vigyan Bhawan in New Delhi. (Photo: PTI)

16 Things you should know about the Finance Act 2017

At present for capital assets acquired before 1st April 1981, FMV on 1st April 1981 can be substituted.

2 April 2017 6:30 AM IST

UIDAI is the nodal body responsible for rolling out Aadhaar

I-T Act treats all assesses alike, not discriminatory: Supreme Court

New provision of the Income Tax Act making Aadhaar mandatory for filing income tax returns.

12 Jun 2017 1:11 PM IST