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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.

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

So far, 3,000 have been assessed as not genuine refugees. (Photo: Representational/AP)

Australian Immigration Minister declares 'game-up' for fake refugees

An estimated 50,000 asylum-seekers flooded into Australia on more than 800 boats over the previous five years.

21 May 2017 1:11 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

NDMC on Friday finalised its budget by granting property tax exemption on residential properties of upto 26 square metres.

EDMC cash-starved, but budget is full of sops

EDMC presented a populist budget by exempting constructions at lal dora areas from building bye-laws and waving off...

15 Feb 2017 5:14 AM IST

Businesses availing trasnitional credit can file GST returns till August 28. Photo: Twitter| @GSTN_IT

Tax payers can see status of returns filed on GSTN portal

Those with turnover exceeding Rs 1.5 crore will have to file GSTR-1 for July-October by December 31.

28 Dec 2017 11:07 AM IST

Income Tax department

Guide to linking Aadhaar with PAN

The linking of Aadhaar and PAN will be useful for E-Verification of Income Tax returns using Aadhaar OTP.

9 Jun 2017 12:55 PM IST

Revenue Secretary Hasmukh Adhia (Photo: PTI)

Honest taxpayers will benefit from GST: Revenue Secy Hasmukh Adhia

Elucidating the process of the filing returns, Adhia further said that the people will only have to file return one in...

30 Jun 2017 9:53 PM IST

Article 246 says every state can levy a GST.

HC rules out petition urging deferment of GST roll-out

There is no prohibition in law to prevent the government from implementing any tax reform at any point in the year, said...

29 Jun 2017 7:09 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.

Govt extends service tax return filing date to Apr 30

Filing returns for the period April-September, the due date is Oct 25, while for October-March it is April 25.

27 April 2017 2:05 PM IST

Union Finance Minister Arun Jaitley delivers his press statement at his office in North Block in New Delhi. (Photo: PTI)

Finance minister Jaitley pitches for lower tax rates

Jaitley tells new batches of IRS officers that tax authorities are judged by quality of what they decide.

26 Dec 2016 12:25 PM IST