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The Income Tax Department has detected undisclosed income of over Rs 10,000 crore in fiscal 2017-18, thus recording a 20 per cent surge over the previous fiscal.

Budget 2019: Direct tax collection shoots up to Rs 12L cr from Rs 6.38...

GST collections in January 2019 has crossed Rs 1 lakh crore.

1 Feb 2019 1:43 PM IST

Data analytics major SAS has created a new division to help organisations fight frauds and cyber crimes.

GST officials detect tax fraud of Rs 224 crore by 8 companies

The fake invoices generated by them involved about Rs 1,289 crore of value and input tax credit of about Rs 224 crore.

13 March 2019 12:07 PM IST

The government has sanctioned GST refunds worth about Rs 12,700 crore or 80 per cent of the eligible claims of exporters.

FinMin brings in changes in e-way bill system to check GST evasion

Electronic way or e way bill was rolled out in 2018, for moving goods worth over Rs 50,000 from one state to another.

24 April 2019 8:51 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.

Composition scheme biz to now file simplified 'self-assessed' GST...

Composition scheme businesses will file the April-June quarter returns in July as per the new format.

24 April 2019 7:26 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.

GST Council may consider national bench of AAAR next month

Industry is of the view that since both the AAR and AAAR only have tax officers as members.

19 May 2019 12:03 PM IST

Many taxpayers donate one days salary or part of their income for noble purposes but do not declare these donations in their tax returns.

No changes made in ITR forms, only software updated: CBDT

The CBDT said that the software utility for e-filing of all the ITR forms has been released long back.

24 July 2019 4:41 PM IST

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

Tax paying should be a pleasurable experience: CBDT chairman

Revenue collection under the direct taxes head has grown and the total tax base has also increased to over 7 crore...

24 July 2019 3:40 PM IST

Normally, the deadline to file your income tax returns is July 31 every year. This year, as it often does, the government extended the deadline to August 31.

Govt extends due date for filing ITR for 2018-19 by a month till Aug...

There have been demands for an extension in filing ITR date since issuance of TDS statement for 2018-19 fiscal was...

23 July 2019 8:19 PM IST

The Income Tax Department has detected undisclosed income of over Rs 10,000 crore in fiscal 2017-18, thus recording a 20 per cent surge over the previous fiscal.

Govt targets to add 1.3 crore income tax filers this fiscal

Thakur said 46,13,91,168 Permanent Account Numbers (PANs) have been allotted as on July 30, 2019.

23 July 2019 8:54 AM IST

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

Taxpayers beware! Claiming false HRA through ITR may land you in...

The format of Form-16 has been changed to make it in sync with the format of Income Tax return (ITR).

17 July 2019 2:58 PM IST

The Income Tax (IT) department on Wednesday announced that a dress code is being imposed upon its employees through the rollout of Operation Dress Code.

No change in ITR forms, only utility software updated: CBDT

IT Dept issued a statement saying the updating process of these forms' utility software does not hamper filing of...

16 July 2019 10:10 PM IST

The scheme seeks to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance.

Honour, privileges await top tax payers

The idea behind the initiative is to create exclusive membership to clubs that exude not only social status but also...

5 July 2019 1:54 AM IST