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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......

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......

New I-T return forms will simplify filing for majority

Unless they have capital gains or assets abroad, most individuals will need to file ITR-1 or ITR-2A. Filing an income tax return will now be easier than before for most taxpayers. If you have......
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‘Virbhadra proceedings maintainable’

The leader is accused of amassing assets disproportionate to his known sources of income, and directed the CBI and income-tax department to file... ...

http://dc.asianage.com/india/virbhadra-proceedings-maintainable-449
Here's why he made a U

For the uninitiated, it all started with the income tax department issuing tax notices to FIIs in April this financial year. The post On FII MAT,... ...

http://www.firstpost.com/business/on-fii-mat-jaitley-had-said-india-cannot-be-a-tax-haven-heres-why-he-made-a-u-turn-2417950.html
Finally, FIIs spared from paying MAT

India on Tuesday launched its own version of stock market rescue by deciding to withdraw demand of tax for earlier years that was imposed on... ...

http://www.mydigitalfc.com/policy/finally-fiis-spared-paying-mat-176
Sources

The Central Board of Direct Taxes (CBDT) is likely to soon issue instructions to field officers not to pursue pending cases of the controversial... ...

http://www.prokerala.com/news/articles/a581390.html
Adhia vows fair tax system

Prime Minister Narendra Modi's point man Hasmukh Adhia, who took charge as Revenue Secretary on Tuesday, promised to cleanse the Tax Department of... ...

http://www.deccanherald.com/content/498551/adhia-vows-fair-tax-system.html

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