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The government is cracking down and banks must report anybody depositing more than 250,000 rupees.

Five ways Indians are dodging 'black money' crackdown

Only six people earning over 500 million rupees filed returns in 2012-2013.

20 Nov 2016 2:35 PM IST

Income Tax department

CBDT asks taxman to make all out efforts to recover arrears

As per the action plan target, 20 per cent of the demand raised, which is Rs 72,141 crore.

18 March 2017 5:55 PM IST

Finance Minister Arun Jaitley. (Photo: PTI)

Budget 2017-18 may look to soften note ban woes by tax relief

Besides tax break, there could even be a universal basic income in the Budget, industry officials and tax experts said.

30 Jan 2017 4:23 PM IST

Photo caption: Under it, C-GST will be levied by the Centre, S-GST by states and I-GST on inter-state supply of goods and services. (Representational Image)

GST best bet for states to improve finances: RBI

Goods and Services Tax regime is likely to champion a new course for cooperative federalism in India.

12 May 2017 6:20 PM IST

Gold was sold as high as Rs 50,000 per ten grams last week against the market price of Rs 31,000 as gold and bullion was said to be used to convert the debunked currency.

Jewellery sales under taxmen lens amid crackdown on blackmoney

After the government banned 500 and 1000 rupee notes, gold and bullion are said to be favoured route for laundering of...

14 Nov 2016 8:58 PM IST

Eight large deals valued at over USD 100 million contributed to around 70 per cent of the total PE deal values last month.

PE investments bounce back; April sees deals worth USD 3.16 bn

PE investment values saw a marginal increase with 8 per cent rise in investment values.

14 May 2017 12:19 PM IST

The 3.5 kgs gold, which has been seized, is assessed to be worth Rs 92.87 lakh. Both the accused have been arrested, Garg said. (Representational Image)

GST could dampen India gold demand in short term: WGC

Goods and Services Tax (GST) on gold has jumped to 3 per cent from 1.2 per cent previously.

6 July 2017 2:15 PM IST

The demonetisation decision of the Government of India has only accentuated the cause of REIT.

REITS to come up in 12-14 months: Knight Frank

Government has brought amendments in the IT Act to provide a tax efficient and stable regime for REITs in India.

24 March 2017 6:39 PM IST

Photo caption: Under it, C-GST will be levied by the Centre, S-GST by states and I-GST on inter-state supply of goods and services. (Representational Image)

Various tax slabs under GST worry traders: CAIT

As per an analysis, 1,211 goods and 36 services have been so far classified under GST.

29 May 2017 9:09 AM IST

Environment ministers and senior officials of BRICS countries who met in Chinas Tianjin city for discussions. (Photo: File/AP)

Cabinet nods MoC between India and BRICS countries on tax matters

The MoC envisages regular interaction amongst Revenue administrations of BRICS countries to discuss on common tax...

20 July 2017 9:57 AM IST

Finance Minister Arun Jaitley. (Photo: PTI)

GST on gold deferred; education, healthcare exempt

Tax rates for gold and gold jewellery likely to be decided at GST Council's June 3 meeting instead.

19 May 2017 3:14 PM IST

Ram Vilas Paswan (Photo: Biplab Banerjee)

Consumers to pay less for common items under GST: Paswan

Free movement of goods will ensure easy availability and keep prices under check.

19 May 2017 10:39 AM IST