Not satisfied with the Finance Ministry’s decision to release Income Tax statistics for only one assessment year (2012-13), noted French…
Income Tax department will consider information received from third party sources like banks, law enforcement agencies and foreign tax authorities…
To provide relief to corporates having income abroad, the tax department today proposed simplified ‘Foreign Tax Credit’ rules allowing companies…
Income Tax e-filing: To ensure income taxpayers are able to shield their e-filing against any fraudulent activity, the Income Tax…
Income Tax department has activated the Aadhaar and net banking-based e-filing verification system for taxpayers to file the first appeal…
Panamanian law firm Mossack Fonseca — from where The Panama Papers data leak occurred — has been figuring in confidential…
To ensure taxpayers are able to shield their e-filing against any fraudulent activity, the Income Tax Department today said it…
Amid reports of some Indians having unaccounted wealth in tax havens, Finance Minister Arun Jaitley today said those who did…
Tata Steel: Tata group company may sell its UK operations including the Port Talbot plant as earnings turnaround appears difficult…
E-filing of income tax returns for individuals for the assessment year 2016-17 will begin sooner this time, while filers can…
The new income tax return form requiring assessees earning more than Rs 50 lakh per annum to disclose assets will…
After a failed attempt at taxing EPF withdrawals, the government has put its foot down on deregulating interest pay-outs from…
With curbs on the right to appeal if the taxman loses a case at the tribunal level, litigation should come…
Finance Ministry is likely to notify by first week of April new income tax return forms for Assessment Year 2016-17…
From income tax returns to income tax exemptions from investments are on every Indian taxpayer’s mind as the March 31…
It is just over ten days left to accomplish investments for claiming maximum tax exemption for the financial year 2015-16.
The then Finance Minister Pranab Mukherjee’s decision to amend the Income Tax Act with retrospective effect to negate a Supreme…
Section 80C allows for deduction of up to the maximum limit of Rs 1.5 lakh for investment made in specified…