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I-T dept launches new facility to link Aadhaar with PAN

The link requires a person to punch in his PAN number, Aadhaar number and the "exact name as given in the Aadhaar card".

11 May 2017 2:53 PM 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.

Business

1.58 lakh tax payers under lens for partial a/c declarations

Taxpayers have provided response for 13.33 lakh accounts involving cash deposits of around Rs 2.89 lakh crore.

17 May 2017 9:48 AM IST

Income Tax officials conducted a raid at Tamil Nadu Chief Secretary Rammohan Raos residence in Chennais Anna Nagar on Wednesday. (Photo: PTI)

Business

I-T dept launches facility to correct errors in PAN, Aadhaar

Last week income tax department launched a facility to enable a taxpayer to link his Aadhaar and PAN.

14 May 2017 1:33 PM IST

All your credit card use reflects in your credit history which is shared by card and loan companies with credit rating agencies such as Cibil and Experian.

Business

Credit card bill payment exempt from cash dealing limit

The move to ban cash transaction above a threshold was aimed at curbing black money.

4 July 2017 4:53 PM IST

Business

I-T dept uncovers Rs 45,622 cr undisclosed income

116 persons were convicted of offences committed under the Act.

24 March 2017 4:00 PM IST

Business

Income Tax department warns black money holders

Department said that "countdown" has begun and stash holders should declare their black money.

24 March 2017 11:38 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.

Business

Govt removes 1 pc TCS on cash purchase above Rs 2 lakh

Jaitley made cash transactions above Rs 2 lakh punishable by a fine of an equivalent amount.

23 March 2017 7:01 PM IST

$Regarding the new GST timeline of July 1, the report said \this is in line with our base case that the GST would be implemented between April and September 2017\.$ Business

CBEC asks tax officers to speed up GST migration

Government plans to roll out GST from July 1 and in the run up to the new indirect tax regime.

3 March 2017 2:43 PM IST

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.

Metros

ED trains guns on diamond merchant

The ED had been probing the merchant who has his office at the Bharat Diamond Bourse and runs the business with a...

15 Jan 2017 2:35 AM IST

Finance Minister Arun Jaitley (Photo: PTI)

Business

Need examples to deter benami deals: Arun Jaitley

Pressures are built using democratic polity in order to assert a non-existent right of not to pay taxes.

25 July 2017 12:01 PM IST

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

Business

Now link Aadhaar with PAN using an SMS: I-T dept

The unique identity numbers of an individual can be linked by sending an SMS to either 567678 or 56161.

31 May 2017 10:54 AM IST

The Income Tax Department has asked banks to report all cash deposits exceeding Rs 2.5 lakh during the 50-day window.

Business

Banks to report deposits over Rs 2.5 lakh in 50-day window

The government on November 8 night announced demonetisation of Rs 500 and Rs 1,000 notes.

12 Nov 2016 10:33 AM IST