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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......

New ITR forms to be far more simplified, says Jaitley

The controversial new income tax return forms, which had been put on hold, will be "far more simplified", Finance Minister Arun Jaitley said today, but kept the suspense on if the requirement of......

Blackmoney: I-T dept files 121 cases against HSBC account holders

The Income Tax department has slapped 121 cases for prosecution of those entities whose names have appeared in the HSBC Geneva bank list even as undisclosed income to the tune of Rs 4,800 crore (Rs......

How to make filing income tax returns easier

Taxpayers might face several issues while filing returns this year. A vacation to an exotic foreign destination could become stressful, if you are busy collecting bills to show as expenditure while......

I-T dept publishes list of big tax defaulters in newspapers

As part of its strategy of 'naming and shaming' big defaulters, the Income Tax department on Sunday published names of 31 tax evaders who owe over Rs 1,500 crore (Rs 15 billion) tax to the......

Check your new I-T assessment range before filing returns

With Income Tax returns filing season commencing soon, taxpayers have been advised to re-check their new assessment ranges as the I-T department has carried out a large-scale restructuring and......

CAG reveals irregular tax exemptions to cricket associations

The Income-tax Department has allowed irregular exemptions on TV rights from BCCI to four cricket associations resulting in non-levy of tax to the tune of Rs 37.23 crore, the Comptroller and......
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I-T to scan tier-II cities to bring more people in tax net

Press Trust of India | New Delhi May 24, 2015 Last Updated at 14:42 IST The Income Tax department has decided to train its scanner and pay special... ...

http://www.business-standard.com/article/pti-stories/i-t-to-scan-tier-ii-cities-to-bring-more-people-in-tax-net-115052400400_1.html
Axability of special allowance paid to employees for serving

Query: Taxability of Special Allowance Paid to Employees for Serving in the difficult and Far Flung areas In one of our company project site... ...

http://www.caclubindia.com/forum/axability-of-special-allowance-paid-to-employees-for-serving-328270.asp
Two North Carolina Residents Indicted for Conspiracy to File False Tax Returns

Two Mecklenberg County, North Carolina, residents were indicted yesterday in Charlotte, North Carolina, with conspiracy to defraud the United... ...

http://www.pressreleasepoint.com/two-north-carolina-residents-indicted-conspiracy-file-false-tax-returns
Law Ministry Data Bank to Fill Vacancies in Tribunals

NEW DELHI:Concerned over the increasing pendency of cases in various Tribunals across the country, the Union Ministry of Law and Justice is... ...

http://www.newindianexpress.com/nation/Law-Ministry-Data-Bank-to-Fill-Vacancies-in-Tribunals/2015/05/24/article2830106.ece
Arun Jaitley to flag off tax officials meet starting Monday

The top brass of the income tax department will discuss ways to ensure that the tax administration remains non-adversarial, taxpayer grievances are... ...

http://www.financialexpress.com/article/economy/arun-jaitley-to-flag-off-tax-officials-meet-starting-monday/75354/

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