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Cabinet approves bill on black money

To check black money menace, the Cabinet on Tuesday approved a new bill that would give more powers to the tax department in tracking illicit wealth stashed abroad and provide for strict penal......

Taxman comes knocking at AAP's door over donations

The Income Tax department on Wednesday said it has issued notices to 50 entities in Delhi, which includes the Aam Aadmi Party and Congress, to check alleged tax evasion by fake companies which......

Black money: SC asks Centre to ensure IT probe by March, 2015

The Supreme Court on Wednesday asked the Centre to ensure that the ongoing income tax probe for suspected black money concerning 627 Indians who have accounts in HSBC bank, Geneva, do not get time......

IT to prosecute 300 account holders in black money list

The Income Tax department is likely to initiate prosecution against close to 300 people whose names have been submitted to the Supreme Court on Wednesday in connection with the probe into alleged......

Jayalalithaa told to appear on June 9 in income tax case

A court in Chennai on Tuesday adjourned to June 9 the income tax return cases against Tamil Nadu Chief Minister J Jayalalithaa and her aide Sasikala for their appearance. When the case came up for......

Last date for filing I-T return extended to Sep 7

The earlier date was August 31. Government on Wednesday extended the last date for filing Income Tax return by a week to September 7. "Due date for filing Income Tax return extended till September......

Made mistake while filing I-T returns?

Taxpayers are allowed to make the changes under certain circumstances Sample this: You file your income tax returns on time, pay the dues and get the receipt. After a few days, you realise that you......

Now use OTP to file online income tax returns

The Income Tax Department on Monday launched its ambitious One Time Password (OTP) based e-filing verification system for taxpayers, thereby ending the practice of sending paper acknowledgement to......

6 changes that you must note before filing your taxes

How the Aadhar card would be linked to income tax return is yet not clear After months of debate over several  proposed changes to the tax forms, Income Tax filing for FY 2015-16 has finally......

FinMin asks taxpayers to e-file I-T returns early

The tax department has released the software for preparing the Income Tax Return forms -- ITR 1-Sahaj, ITR 2, 2A and 4S-Sugam The finance ministry on Wednesday asked taxpayers to file their I-T......
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Poor rains, slow reforms spell gloom at auto firms

New Delhi: Top executives at India's leading automobile companies have dialled down expectations for the year, as they feel growth driven by new... ...

http://www.livemint.com/Companies/VLX39zHzrfQiSZDFqpd3eM/Poor-rains-slow-reforms-spell-gloom-at-auto-firms.html
Supreme Court verdict to decide MAT impact for foreign firms

New Delhi: Uncertainty on the levy of minimum alternate tax (MAT) continues for foreign companies, with the government deciding to only exempt... ...

http://www.livemint.com/Politics/l9szZQ2qDql91sw4E5z1hM/Supreme-Court-verdict-to-decide-MAT-impact-for-foreign-firms.html
Keep income-tax manuals simple

There is a need for the government to remove all ambiguity from the I-T manuals. Many of them are allegedly framed in a way to give discretionary... ...

http://www.asianage.com/editorial/keep-income-tax-manuals-simple-584
Over 29 lakh tax returns verified by OTP-based ITR filing

due date for filing Income Tax Returns (ITRs), the tax department's ambitious OTP-based ITR filing system has posted impressive numbers as it has... ...

http://www.business-standard.com/article/pti-stories/over-29-lakh-tax-returns-verified-by-otp-based-itr-filing-115090201165_1.html
Report

New Delhi : The Union government allocated Rs21.5 crore in 2013-14 to defend itself in 5,166 cases filed against it in the Supreme Court in 2014,... ...

http://www.livemint.com/Politics/FLfvsRZ71i0Vuol5978bLO/Govt-allocated-Rs215-crore-to-defend-cases-against-it-in-SC.html

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