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The Income-Tax department, in coordination with their foreign counterparts, is investigating offshore bank deposits and purchase of assets by thousands of Indians .

Crorepati count up 60 per cent in 3 years, shows tax data

Average declared income rises 19% during the period.

23 Oct 2018 1:05 AM IST

As the downward spiral of the rupee continues, its effect will be felt in the government not being able to hold the fiscal deficit, inflation in oil and other imports, the fall of investments made in the stock market and the increased cost to companies in repaying foreign loans.

India's crorepati count up at 81,000; expands 68 per cent in 3 years:...

The policy-making body of the IT department said the total number of crorepati taxpayers has also seen a growth of about...

22 Oct 2018 6:14 PM IST

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

Massive tax scam cost Europe 55 billion euros: report

The stock changes hands so quickly that the tax authorities are unable to identify who is the true owner.

18 Oct 2018 3:38 PM IST

Union Minister Arun Jaitley said that Congress had no real issue and was hence resorting to manufacturing. (Photo: File)

Number of direct taxpayers may double to 7.6 cr during 5 yrs: Jaitley

The number of direct taxpayers was 3.8 crore when the Modi-led government took office in May 2014.

12 Oct 2018 12:35 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

CBIC to daily monitor MSME grievance on GST, sets up help desks to...

The move benefited about 93 per cent of the GST registered taxpayers.

5 Nov 2018 5:46 PM IST

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

GST collections reverse trend; rise to Rs 86,703 crore in December

As many as 56.30 lakh GSTR 3B returns have been filed for December.

26 Jan 2018 9:59 AM IST

Earlier, the government had fixed August 20 as the last date for filing GSTR-3B forms for July. (Photo: File/Representational)

No extension of GSTR-1 filing deadline: Finance Ministry

Businesses with a turnover of up to Rs 1.5 crore have to file GSTR-1 for July-September by tonight.

11 Jan 2018 9:43 AM IST

Income Tax department

Taxman alert: Keep away from benami transactions

Tax department attached benami assets worth Rs 1,833 crore across country from Nov 1, 2016 to Oct 2017.

10 Jan 2018 1:39 PM IST

The income tax department on Wednesday came out with draft notification for fresh registration of trusts who have carried out modification of their objects. (Photo: PTI)

New helpline for income tax e-filing

Department has separate helpline numbers to take questions and queries on various other issues that a taxpayer faces.

1 Jan 2018 3:03 PM IST

The income tax department on Wednesday came out with draft notification for fresh registration of trusts who have carried out modification of their objects. (Photo: PTI)

I-T e-assessment: CBDT notifies new communication scheme

A machine-readable device kept at the CCC will receive the responses from the taxpayers.

27 Feb 2018 11:04 AM IST

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

Taxpayers can check return filing status of suppliers on GSTN portal

Once GSTIN is inserted in system, it would show taxpayer details like legal name, status (active or cancelled),...

24 Feb 2018 12:26 PM IST

The income tax department on Wednesday came out with draft notification for fresh registration of trusts who have carried out modification of their objects. (Photo: PTI)

DeMo depositors, all companies should file ITRs by Mar 31: I-T

Non-filing or incorrect filing of return of income may result in penalty and prosecution.

9 Feb 2018 1:38 PM IST