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  1. Business News
  2. About
  3. income tax

Page 75 of Income Tax

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income tax department
Income tax e-filing: ATM-based validation facility activated

The Income Tax department has launched an ATM-based validation system for filing e-ITRs by taxpayers as part of its measure…

June 4, 2016 17:56 IST
6 Photos
Once tagged as the biggest money launderer of India, Hasan Ali Khan set to be ‘homeless’?

Once termed as the biggest money launderer of India, Hasan Ali Khan has seen his tax liability shrink sensationally from…

June 3, 2016 17:59 IST
Goods and services tax, Arun Jaitley, Finance Minister, tax-on-tax, tax reform bill
Undisclosed income a time bomb! Modi government’s Income Declaration scheme 2016 opens: Salient features

It is a one time opportunity to all persons who have not declared income in early years, to come forward…

Updated: June 8, 2016 11:06 IST
Income tax returns filing
Tax talk: Six reasons to file a return when you don’t have taxable income

Whether a return should be filed or not depends on your income level. When total income is within the minimum…

May 31, 2016 07:12 IST
Income tax returns filing
Indian Express Column: For a less taxing regime

Make IT laws less subjective, fix accountability of officers.

May 30, 2016 09:49 IST
Liquid funds or savings accounts? Where to park your money for better returns
Income Tax sleuths quiz PEs on source of funds, LPs

Six domestic firms that have raised private equity (PE) money in the past few months have been quizzed by the…

May 28, 2016 08:00 IST
Money
Fatca reporting made easier for financial institutions

The Fatca, which came into effect on September 30, 2015, enables automatic exchange of financial information between India and the…

Updated: May 28, 2016 09:17 IST
income tax
Income Tax dept to ‘name and shame’ crorepati’ defaulters this fiscal

The Income Tax department, beginning this financial year, has decided to ‘name and shame’ all category of taxpayers who have…

May 24, 2016 20:30 IST
Corporate Bond market, Indian markets, non performing assets, Arun Jaitley, finance minister
CA, merchant bankers to determine Fair Market Value in indirect transfers

Chartered accountants or merchant bankers will compute the fair market value (FMV) of assets in case of indirect transfer of…

May 24, 2016 00:50 IST
Income tax returns filing
Income Tax assessment via email: Hyderabad, Kolkata added to scheme

The CBDT, early this year, had notified the format and procedure for the taxman and taxpayers to usher the pilot…

May 23, 2016 16:56 IST
Income Tax| Your Queries: Loss arising in F&O is treated as business loss, not speculation loss

Only those individuals/HUFs whose total income exceeds Rs 50 lakh are required to provide the details of assets and liabilities

May 17, 2016 07:02 IST
Easier tax regime? Disputes pile up, despite NDA government’s plans to cut them

Amount locked up at CITs-A rises 48% in 7 months

Updated: May 16, 2016 10:11 IST
tax
GAAR to override bilateral tax treaty provisions: Revenue Secy

A day after the revision of bilateral tax treaty with Mauritius, Finance Ministry today said GAAR provisions, which are to…

May 11, 2016 14:49 IST
tax collection, tax collection target, indirect taxes, total tax collection, arun jaitley, budget 2016
New tax treatment of sale of unlisted shares brings more certainty, less litigation

As per Income Tax Law, Income earned from Sale of shares could be held as either Business Income or capital…

May 10, 2016 11:48 IST
Income tax - ITRs, refunds
ClearTax launches mobile app for filing income tax returns

Income tax returns e-filing website ClearTax announced the launch of its mobile app that will have all the functions available…

May 5, 2016 16:48 IST
tax
Tax payment: There are just 18,359 (taxpaying) crorepatis in India

Consumption and spending data for the year, especially of luxury products, shows how deceptive these numbers may be and blows…

May 3, 2016 09:17 IST
Money
Just 1per cent of population pay taxes; Over 5k paid more than Rs 1crore

Taxpayers account for just about one per cent of India’s population, but tax outgo was over Rs 1 crore for…

May 1, 2016 19:24 IST
income tax department
Salaries top source of taxpayers, but 60% filers report nil salary

Six individuals in the country reported the highest annual salary income of Rs 50-100 crore in FY12 (assessment year 2012-13)…

April 30, 2016 06:40 IST
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