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Finance Minister Arun Jaitley. (Photo: PTI)

Arun Jaitley introduces Income Tax Amendment Bill in LS to fight tax...

The Income Tax Amendment bill proposes a 30% tax on undisclosed income, plus 10% penalty as also a 33% surcharge.

28 Nov 2016 2:12 PM IST

(Representational Image)

Edu bodies, real estate top black money hoarders

During 2015-16, I-T Dept conducted 445 searches which discovered undisclosed income of Rs 11,066 crore.

25 Nov 2016 3:57 PM IST

Implementation of GST it does not seem will meet its actual deadline of Aril 1, 2017 as both the Centre and the states have failed to arrive on an agreement over contentious issues.

GST: Tax evasion up to Rs 2 crore a bailable offence

Under the IPC 1860, forgery and cheating are non- bailable offence, which means that bail can only be granted by a...

19 Jan 2017 3:11 PM IST

Prime Minister Narendra Modi (Photo: PTI)

Modi claims registration of 1 lakh firms cancelled, calls it fight for...

The decision was taken based on an extensive data analysis conducted by the government post demonetisation.

3 July 2017 9:35 AM 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.

India added 91 lakh new taxpayers after note ban

Around Nov 8 last year, there were 5 crore taxpayers in country who now stand at 5.91 crore.

17 May 2017 11:07 AM IST

Finance Minister Arun Jaitley

Arun Jaitley launches Operation Clean Money website

Details of raids by I-T dept will be put online and govt will rate defaulters from high to low risk.

16 May 2017 6:15 PM IST

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

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

Prannoy Roy founded NDTV news channel.

NDTV's Prannoy Roy laundered Rs 642 crore: ITAT

ITAT claims NDTV, promoters laundered Rs 1,100-cr black money beween 2007-08 to 2009-10.

22 July 2017 5:55 PM IST

Pakistan Prime Minister Nawaz Sharif. (Photo: AFP)

Chronology of Panama Papers scandal in Pakistan

The International Consortium of Investigative Journalism published the Panama Papers, exposing tax evasion by the...

28 July 2017 2:20 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 will watch your foreign holiday trips, pictures

Tax department will soon start collecting such information from social media under Project Insight.

28 July 2017 11:02 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.

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

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

Tax evasion of more than Rs 1.37 lakh crore detected in last 3 yrs

Tax department has made it mandatory to quote PAN for cash deposits above Rs 50,000.

7 April 2017 1:38 PM IST