In the first tranche, the department will send out letters in 100,000 cases where the money spent is at least Rs 1 crore (Rs 10 million) each a year.
Asked about the Congress's opposition to the GST Bill, Santosh Kumar Gangwar said no party opposes GST outside Parliament.
If the new regime is introduced in 2017, the govt may lose out on cess, surcharge
Those evading taxes could soon find tax officials at their doorstep, with a rather insightful account of their big purchases.
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
The 0.5 per cent Krishi Kalyan Cess (KKC) on all services increases the total tax chargeable on services to 15 per cent, making it expensive to dine out or travel.
The income tax department on Monday released rules for equalisation levy - a tax on online advertisements that would come into effect from June 1.
In the previous Budget, the government had come out with a similar scheme.
The cumulative loss of 20 state-run lenders stood at Rs 14,000 crore during Q4
The note guides taxman to avoid seeking voluminous details.
RBI governor also spoke on the ill effects of cutting interest rates too much
The action has been taken against officials harassing tax assesses.
The change may give "secure creditors" the first right to auction an asset in order to recover the dues.
Income-tax data released by FinMin after 15 years
India grew at 7.6% in 2015-16 and at 7.2% in 2014-15.
PFRDA will invite bids to appoint pension fund managers.
India's IPR framework and enforcement were comparable to those in developed countries
'It is important to improve the quality of spending.'
The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
In 2015, the Reserve Bank of India cut interest rates by 125 basis points to 6.75 per cent.
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