Income Tax

Top income tax official arrested on bribery charge

CBI today arrested Jodhpur's Chief Commissioner of Income Tax PK Sharma on bribery charges after Rs 15 lakh were allegedly received...

18 tax defaulters owe Rs 500cr to exchequer; Govt releases list

The Revenue Department has made public the names of 18 tax defaulters who collectively owe over Rs 500 crore to the exchequer.

Corporate Tax

Tax department to set up new division to widen base

The income tax department will set up a separate division in 2016 to scale up its trawling of unreported high-value transactions...

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Income Tax to send OTP, include Aadhar to ease taxpayer e-filing

Taxpayers will soon get relief from sending a paper acknowledgement of their e-filed return as Income Tax department...

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Income Tax Return: Better late than never

March 31 is the last opportunity to file I-T return for FY14 if you missed previous deadline. Conditions apply

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Black money: Income tax to closely scrutinise foreign assets held by Indians

The Income Tax department will carry out closer scrutiny of those tax statements wherein an assessee has disclosed that he or she holds bank...

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Editorial: Black magic

Preventing new black money should be the goal

The APA rollback solution

The government, clearly, has taken a big step to address uncertainty and hostility faced by taxpayers on account of transfer pricing

After Vodafone, Cairn invokes treaty to dodge India’s tax demand

After Vodafone, British oil major Cairn has now avoided India’s tax jurisdiction, invoking the India-UK bilateral investment protection treaty.

Cairn India-Vedanta

Tax violation in 2014: 3 things to know

The income tax authorities have filed 3,909 cases for violation of direct tax laws in different parts of the country till December 31, 2014...

Corporate Tax

India will not see income tax rate cut relief for salaried class anytime soon: Arun Jaitley’s FinMin

Within days of Finance Minister Arun Jaitley presenting his Budget 2015, Finance Ministry said personal income tax rates will not be...

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Returns filing: Over 44-lakh high-value spenders on I-T radar

In order to mop up a larger share of revenue before the end of the current financial year, the Income Tax department has identified...

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One for the future: Retirement savings get fresh lift in Budget

But not making National Pension Scheme tax-free at time of withdrawal a dampener

Union Budget 2015: ‘Super-rich’ firms will pay bulk of surcharge

Individuals to pay just R1,100 cr of R9,000-cr extra collection

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Here is how to claim tax benefits at new figure of Rs 4,44,200 in Union Budget 2015

For individual tax payers, the Finance Minister Arun Jaitley's Union Budget 2015 has increased deduction

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Narendra Modi govt’s first full Budget has failed fiscal test: Former FM P Chidambaram

Commenting on Budget 2015, P Chidambaram says, 'one asks who is pleased by the Budget, I suspect it will be the corporates and the income tax payers (3.5 crore).'

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Budget 2015 Income Tax deductions: Health insurance I-T exemption for middle class tax payers hiked to Rs 25,000

Giving relief to middle class tax payers and promoting health insurance, the Union Budget today proposed an increased tax deduction limit of up to Rs 25,000...

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Union Budget 2015 raises tax deduction limit to Rs 4,44,200 for Income Tax payers

In the Budget 2015, Finance Minister Arun Jaitley has proposed raising the tax deduction limit by Rs 10,000 for payment towards health insurance premium.

New tax calculator

Budget 2015: 15 key highlights of FM Arun Jaitley’s speech

Key highlights of Budget 2015: Finance Minister Arun Jaitley aims at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment...

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Budget 2015: Arun Jaitley’s ‘reformist’ agenda eyes growth, jobs boost, targets black money

Finance Minister Arun Jaitley presented the first full year Budget of the NDA government yesterday...

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Union Budget 2015: On Income-tax, here is what people want from FM Arun Jaitley

Ahead of Union Budget 2015, which will be presented by Finance Minister Arun Jaitley on February 28, 2014, KPMG has tried to understand...

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Budget 2015 Income tax ‘forecast’: What will you save? Sneak Peek!

If FM Arun Jaitley increases the income tax slab by Rs 50,000, then individuals earning in the range Rs 3-15 lakh per annum can save between Rs 3,090 - Rs 5,150 in taxes in FY16 as compared with FY15.

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Union Budget: Income tax slabs through the years

Tax slabs decide the rate of income tax levied on total income of various section of society- men, women, corporates, etc.

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Income tax: Set off your loss, it isn’t carved in stone

Income-tax laws provide taxpayers an option to set off losses other than those under the head...

Column: Rely on just MAT

Abolish all the computational provisions for business income and substitute these with a book-profit-based tax

Budget: Tax sops likely for investments in Swachh Bharat, Clean Ganga

Finance Minister Arun Jaitley is likely to provide tax incentives in Budget to encourage companies to participate in Swachh Bharat Abhiyan and Clean Ganga campaign as part of mandatory two per cent CSR spending. “The Mi

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Income Tax department to file complaint against HSBC Geneva before March 31

The Income Tax department is soon expected to file a complaint against HSBC bank, Geneva, for allegedly "abetting" tax...

HSBC UK retail banking
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