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Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

Govt working as an accountant for every taxpayer: CBDT Chairman

The CBDT Chairman said he is confident of achieving the Rs 13.35 lakh crore target for direct tax collections in...

6 July 2019 5:16 PM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Budget 2019: For every rupee in govt kitty, 68 paise come from taxes

Corporation tax is the single largest source of income, contributing 21 paise to each rupee earned.

5 July 2019 2:57 PM IST

Prime Minister Narendra Modi

India's budget likely to hike spending to combat slumping growth

In January-March, annual growth slumped to 5.8 per cent, the slowest pace in 20 quarters.

3 July 2019 1:56 PM IST

Government had failed to receive its share of the Goods and Services Tax (GST) dues of Rs 1600 crore from the Centre. (Photo: DC)

GST collections dip below Rs 1 lakh crore mark in June

The collections comprise of receipts by both the centre and state governments of GST.

1 July 2019 5:33 PM IST

Union Minister Arun Jaitley. (Photo:ANI)

GST may become two-tier tax with merger of 12, 18 pc slabs: Jaitley

In a Facebook post on GST, Jaitley said as many as 20 states are already showing more than a 14 pc increase in revenues.

1 July 2019 2:28 PM IST

US President Donald Trump speaks about a state of emergency from the Rose Garden of the White House in Washington, DC.

13 per cent companies will leave China 'in the fairly near future':...

A fresh set of tariffs are set to be imposed on Chinese products from September 1.

31 Aug 2019 1:54 PM IST

Finance Minister Nirmala Sitharaman addressing Cooperative Group Housing Society Maha Sammelan. (Photo: ANI)

Don't overreach, overstate: FM to tax authorities

To a question about GST reduction, FM said she was willing to hear everybody, "but it is not in my hands as it has to go...

28 Aug 2019 9:27 AM IST

Govt plans extra tax on vegetable oil imports to boost domestic...

India currently imposes a 40 per cent import tax on crude palm oil and 50 per cent on refined palm oils.

26 Aug 2019 11:19 AM IST

Reacting on Gandhis reply in Supreme Court, Defence Minister Nirmala Sitharaman said, His credibility has taken a beating. (Photo: Twitter/ ANI)

Govt to review surcharge on super-rich in 2022: Sitharaman

Govt increased surcharge from 15 per cent to 25 per cent on taxable income between Rs 2 crore and Rs 5 crore.

24 Aug 2019 12:26 PM IST

Sitharaman passed the onus of the slowing economy on US-China trade war and currency devaluation. (Photo: ANI)

India rolls back tax hike on investors; outlines steps to boost...

Sitharaman said she was confident of meeting the fiscal deficit target of 3.3 pc of GDP considering the trend in revenue...

24 Aug 2019 9:55 AM IST

Finance Minister Nirmala Sitharaman

Need to build trust between tax payers and tax administrators:...

This is the 2nd meeting in a series of meetings to be held with tax officials and taxpayers across various cities over...

21 Aug 2019 9:10 AM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Task force on Direct Tax Code submits report to FM

The details of the report, however, could not be known immediately.

19 Aug 2019 5:51 PM IST