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

CBDT issues clarification on furnishing SFT

Entity having TAN can generate an ITDREIN only when such TAN's Organisational PAN is not available.

26 May 2017 12:44 PM IST

Arrested on the basis of profiling, the gold was concealed in the shoes he was wearing. (Representational Purpos).

Tax burden on gold should reduce under GST regime: WGC

GST will bring lot of transperency in the gold industry including check on illgeal imports.

25 May 2017 5:22 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.

Direct tax collections in Mumbai, Delhi in single digit

The department collected Rs 5.54 trillion during the reported period from across the country from Rs 4.88 trillion a...

28 Dec 2016 7:45 PM IST

Cairn Energy has challenged the I-T demand in an international arbitration and its decision will have to be awaited before the tax demand could be enforced. (Representational image)

Cairn loses income tax appeal

The I-T department had raised a total tax demand of Rs 29,047 crore on Cairn Energy, including Rs 18,800 crore in...

11 March 2017 3:28 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 warns against cash dealings of Rs 2 lakh, seeks tip-off

In the 2017-18 Budget, Finance Minister Arun Jaitley had proposed to ban cash transaction of over Rs 3 lakh.

2 Jun 2017 1:32 PM IST

Moodys has downgraded Chinas long-term rating by one notch from Aa3 to A1 as the Chinese government grapples with the challenges of rising financial risks stemming from years of credit-fueled stimulus.

Reform measures to broaden tax base, cut debt: Moody's

GST will have a muted short-term impact, but its benefits will accrue over medium term.

1 Jun 2017 12:32 PM IST

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

TDS default: I-T dept issues over 850 prosecution notices

The I-T department has netted Rs 2.85 lakh crore revenue till January 31, 2017 under the TDS category.

22 Feb 2017 3:31 PM IST

Globally, gold rose as much as 0.11 per cent to USD 1,234.50 an ounce in Singapore.

Gold above Rs 2 lakh to be taxed 1 per cent at source

Under TCS, the seller will be required to collect an additional 1 per cent from the purchaser, and pay it to the...

20 Feb 2017 6:36 AM IST

Revenue Secretary Hasmukh Adhia

GST to bring more people, business units under tax net: Adhia

Post-GST, indirect tax collection would see a growth of 10 per cent as per government target.

14 April 2017 12:31 PM IST

The information gets processed, important information such as social security numbers, tax forms, driving license numbers, names, addresses, payment card details and a lot more such information sells for as little as $50 (approx Rs 3,500). Prices sometimes also drop below $15 if sold in bulk.

Beware: Online tax filing scams steal your refunds too

Hackers are expected to see a fair amount of profits with fraudulent filing returns.

12 April 2017 12:59 PM IST

The only form of smoking done in North Korea is hemp which doesnt contain THC and is sold as cheap substitute for tobacco. (Photo: Pixabay)

Farmers ask Govt to roll back 5 per cent GST on raw tobacco

Tobacco farmers across Andhra Pradesh have stalled auctions in all platforms.

13 Jun 2017 1:46 PM IST

Apple iPhone X, pronounced as iPhone 10

Raise import duty affects majority of iPhone models in India

The raised import duty on electronic items is intended to make homegrown brands reap better business.

17 Dec 2017 5:31 PM IST