Page 68 of Income Tax

Tax sops, other incentives proposed to boost e-transactions

To discourage transactions in cash and thereby curb black money, the government is considering giving incentives to electronic transactions…

Updated: June 18, 2015 02:04 IST

Budget 2016, Union Budget 2016, Budget 2016 latest news, Budget 2016 news, TDs, corporate tax, income tax, Budget 2016 income tax, arun jaitley, narendra Modi, Budget 2016 expectations india, latest business news

‘Smart and intelligent’ database soon to check income tax evasion

Central Board of Direct Tax (CBDT) is the apex policy making body of the IT department

June 17, 2015 11:41 IST

CBDT hints at softer touch in FPI-MAT cases

The income tax department would not attempt any coercive recovery of the minimum alternate tax (MAT) demands placed on foreign…

Updated: June 17, 2015 09:49 IST

I-T department to reduce compliance cost, deal firmly with evasion

Tax evasion spoils the compliance culture because people start believing the system is unfair, said Anita Kapur, chairperson of Central…

Updated: June 17, 2015 10:48 IST

Income Tax to ignore dues below Rs 5,000, go after big fish

All tax arrears below Rs 5,000 will be written off, sparing almost two-thirds of the over 1.9 crore taxpayers who…

June 12, 2015 01:15 IST

CBDT to field officials: Check bank, property details during assessment

As per the CBDT’s assessment, in 2015-16, of Rs 8.27 lakh crore, the tax demand difficult to recover is Rs…

Updated: June 8, 2015 08:18 IST

Black money: Instill fear of jail and social censure in tax evaders, says CBDT

Taxman should instill the fear of “incarceration, loss of liberty and social opprobrium” in tax evaders and prosecute them in…

June 7, 2015 10:14 IST

Not just raids, need fear of jail to scare tax evaders: CBDT

The department has asked the field staff to add at least 25 lakh new assessees every month — a stiff…

June 5, 2015 07:59 IST

Service tax on deals prior to June 1

Queries on tax issues, addressed by Sarika Goel and Neha Kishore of EY

Updated: June 5, 2015 01:45 IST

Income Tax return: No relief for Indian citizens with foreign assets

The Income Tax Department will retain the detailed questions on foreign assets and income of resident Indian citizens…

Updated: June 3, 2015 13:00 IST

Income Tax forms simplified; no foreign travel details needed

Income Tax payers have time till August 31 to file returns as per the revised forms. The e-filing software would…

Updated: June 1, 2015 15:48 IST

Govt introduces 3-page ITR, extends filing date till Aug 31

Finance Ministry came out with new three-page income tax return (ITR) forms and also extended the last date of filing…

Updated: June 1, 2015 10:27 IST

Widening of tax base: E-commerce business on Income Tax radar

The Income Tax department has trained its scanner on the burgeoning ‘e-commerce’ business in the country with the taxman deciding…

May 26, 2015 20:22 IST

Unrealistic tax demands not to fetch good ratings for officers

In a bold attempt to reduce frivolous tax demands, the Income Tax Department has decided to overhaul the annual…

Updated: May 25, 2015 10:16 IST

Arun Jaitley to flag off tax officials’ meet starting Monday

The top brass of the income tax department will discuss ways to ensure that the tax administration remains non-adversarial, taxpayer…

May 24, 2015 02:10 IST

Tax Talk: Black money Bill gives a chance to come clean

The Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015, also known as Black Money Act, 2015…

Updated: May 19, 2015 11:49 IST

Company sponsored foreign trip may not need disclosure in revised Income Tax Return

As regards personal travel there could be an expenditure cap beyond which the trip would need to be disclosed in…

May 18, 2015 15:51 IST

Govt misses tax collection target by Rs 2,288 cr in FY15

Government has missed the overall revised tax collection target for both direct and indirect taxes by Rs 2,288 crore .

May 17, 2015 19:36 IST

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E20 fuel debate: Nissan assures warranty continuation for all Magnite owners

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Nissan is dedicated to promoting sustainable mobility and supporting the government’s alternative fuel initiatives. Their popular model, the Magnite, is fully compliant with the new E20 petrol and comes with a 10-year warranty. The company remains committed to continuous product innovation and providing environmentally-friendly solutions.

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