Taxtortion Is Here To Stay!

If you think that revenue officials are going berserk, acting on their own, while the government chants the mantra of 'ease of doing business', you would be wrong.These moves appear to have full......

HC rejects Gandhis' plea against tax assessment transfer in case linked to arms dealer

The Delhi high court on Friday dismissed petitions by Congress leaders Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi Vadra against the income tax department's decision to transfer their......

I-T Goes After Rs 7.7 Trillion Tax Arrears

Senior tax officials were told to focus on cash collection from the arrears so that the target for FY23 was achieved and the overall revenue position improved. Illustration: Uttam Ghosh/Rediff.com......

Anil Deshmukh case: Tax raids uncover alleged hidden income of Rs 17 crore

The Income Tax Department has detected "concealment of income" to the tune of Rs 17 crore after recent raids on institutions linked to former Maharashtra home minister Anil Deshmukh and his family......

GST Council likely to approve tribunal blueprint this month

The Goods and Services Tax (GST) Council, which is likely to meet in the third or fourth week of June, is set to clear the operational framework of the much-awaited GST appellate tribunal, which......

Donations to lower tax slab can make taxman see red

The Income-Tax (I-T) department has issued around 8,000 notices to salaried employees, self-employed individuals, and companies who made significant donations to charitable trusts. Illustration:......

New tax regime can help you save more in taxes. Here's how

Several changes were made to the new income-tax regime in Budget 2023. Illustration: Dominic Xavier/Rediff.com The old income-tax regime was not tinkered with and is still available. Should......

Should you opt for the new tax regime? Read to find out

A taxpayer whose deductions and exemption claims are less than Rs 3.75 lakh annually would be advised to opt for the new income tax regime and pay less tax than they gave in the old regime, a......