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Govt releases socio-economic caste census that identifies causes of poverty

  Just 4.6 per cent of all rural households in the country pay income tax while such households with salaried income are close to 10 per cent, the first socio economic and caste census......

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......

Rush of black money declarants at Income Tax office

'A huge number of declarations are expected to be made through the official e-filing website of the Income Tax department.' The rush of black money declarants peaked at the Income Tax office in New......

Ease of doing business: Govt to amend tax law for foreign firms

In a big relief to foreign firms, government on Thursday said the Income Tax Act will be amended with retrospective effect to exempt from MAT the overseas companies that are covered under double......

Income Tax refunds to be sent to taxpayers in 7-10 days

In what could be a good news for lakhs of taxpayers, the Income Tax Department will now process and send refunds in a short time of 7-10 days as its latest technology upgrade of electronic and......

Govt not to extend deadline for ITR filing by property dealers

  The government on Wednesday said the last date for filing Income Tax returns for certain categories of assessees viz companies, firms and individuals engaged in proprietary business due by......

7 common tax filing mistakes people commit

The introduction of online filing of Income-Tax returns by the I-T department has made filing returns a simple process. While one had to wait in long queues or take the help of a chartered......

Is this Tamil actor the next Rajinikanth?

Tamil superstar Vijay was far from rattled by the income tax raids that were carried out on his premises ahead of the release of his new film Puli. If reports are to be believed, it was 'jealous......
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Finance Minister

Finance Minister Arun Jaitley (Photo: PTI/File ) New Delhi : Tax department's ability to detect large cash transactions is being strengthened... ...

File photo: Chief Economic Advisor Arvind Subramanian New Delhi : Legacy tax issues like those involving Cairn and Shell can be referred to the A... ...
Income Tax Authorities Allay Concerns Over Filing Returns

The Income Tax Department does not withhold refunds of small taxpayers nor does it generally select their tax returns for scrutiny and detailed... ...
Where’s the black money?

It is very disappointing that the government was able to mop up only a measly Rs 3,770 crore from 638 people who had undeclared wealth stashed... ...

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