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

Tax dept, Japanese company sign advance pricing pact

The APA scheme was introduced in the Income-tax Act in 2012 and the 'Rollback' provisions were introduced in 2014.

13 Jan 2017 8:52 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.

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.

File income tax returns by July 31, no plans to extend deadline: I-T...

Department has already received over 2 crore returns filed electronically.

30 July 2017 6:54 PM IST

CBDT Chairman Sushil Chandra

Tax officers to file prosecution cases against Shell

CBDT Chairman Sushil Chandra has called for fast track prosecution proceedings in cases.

12 March 2017 6:27 PM IST

The government may shortly include Aadhaar card as a valid document for filing income tax returns. (Photo: PTI/File)

Can't link your Aadhaar with PAN, here's an easier way

Soon taxpayers can choose to link Aadhaar without changing name by opting for a One-Time Password.

10 April 2017 4:07 PM IST

Sebi approved most of the recommendations submitted by N.R. Narayana Murthy-headed advisory committee on startup fundings.

Sebi mulls ways to check misuse of stock market

Sebi's existing surveillance systems are already generating over 100 alerts a day to facilitate detection of market...

11 Jun 2017 3:17 PM IST

Tea, edible oils, sugar, textiles and baby formula will attract only 5 per cent tax.

80 per cent items in GST within 18 per cent rate

Unbranded food staples including vegetables, milk, eggs and flour will be exempt from GST along with health and...

30 Jun 2017 5:59 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.

CBDT alleys taxpayers' fears on asset freez rule

CBDT chairman Sushil Chandra says new measures were brought in only to prevent evaders from selling property.

4 Feb 2017 5:55 PM IST