The I-T department will rely on data analytical tools and run models to separate black money holders and genuine taxpayers based on the large data base being shared by banks.
The matter was taken up with higher authorities and Union minister Jitendra Singh wrote to ministers of all the departments concerned.
Prime Minister Manmohan Singh on Thursday said a strong domestic manufacturing base in electronics and telecommunications will mitigate burden of growing imports for the sector.
India has asked the US to treat the issue of visa for IT professionals as a trade-related one rather than an immigration issue.
Tax authorities want to reduce harassment of tax payers by eliminating interface between assessees and taxmen
The move by the government to make local language support a must in mobile phones is aimed at making users communicate in local languages and access government services
Several girls were sexually assaulted in a shelter home run by Thakur in Muzaffarpur, Bihar. He was convicted under various sections of IPC, POCSO Act and Juvenile Justice Act.
Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said. Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees' Provident Fund Organisation (EPFO)-registered establishment taking new employees would get this subsidy.
Social networking sites like Facebook and YouTube have informed the government that inflammatory contents uploaded on their pages originated from Pakistan.
With the new tax slabs applicable for income earned during Financial Year 2014-15 and host of new changes in income tax returns and filing norms, this e-filing season will certainly bring in a new experience for taxpayers. Here's how
The tax department is on a spree to ensure more taxpayers in the country use the PAN card.
The Trump administration is confronting and countering malign Russian cyber activity, including their attempted interference in the US election, destructive cyber-attacks, and intrusions targeting critical infrastructure, said Treasury Secretary Steven T Mnuchin.
If you really want to benefit from Digital India, you have to first change your mindset, says Sam Pitroda
Dr Suresh Moses Lee and his wife Suseela who have lived at the township built near the Kalpakkam nuclear power plant for three decade, ally fears of people living near nuclear plants.
Tax department plans to link PAN with the bank account number to eliminate the scope of the amount being transferred to a wrong account number.
MAG was constituted by Department of Electronics and IT in February 2014.
Once installed, the LAIRCAM system increases crew-warning time, decreases false alarm rates and automatically counters advanced intermediate range missile systems.
A recent study by a central institute has observed that electronic waste in the country is growing at 10 per cent every year. The study also stated that there are no rules or laws in place for e-waste management, nor recycling facilities designed to protect workers and the environment.
In 2019-20 Budget, the government had increased surcharge from 15 per cent to 25 per cent on those with taxable income between Rs 2-5 crore and from 15 per cent to 37 per cent for income above Rs 5 crore. Following the increase, the effective income tax rate for individuals with a taxable income of Rs 2-5 crore will go up from 35.88 per cent to 39 per cent and for those above Rs 5 crore it would go up to 42.7 per cent.
The government is mulling blocking mobile taxi hailing apps of Uber, Ola and TaxiForSure all over the country, with the Department of Electronics and Information Technology seeking views from the Transport Ministry for the same.
All public schools in the Los Angeles area have been closed due to an unspecified "electronic" threat, affecting over 660,000 students in one of the largest School District in the United States, officials said on Tuesday.
'It may be prudent not to plunge into a new online tax appeals system in one go, which could only create more disputes and increase the embarrassingly high tax arrears of the government,' warns A K Bhattacharya.
As part of efforts to boost revenue collection, CBDT has asked the Income Tax Department to monitor cases of over five lakh taxpayers who have not filed their latest tax returns.
What is aggravating the situation is that e-commerce firms are facing huge shortage of delivery personnel. They have not been able to bring back their staff to work, despite offering higher pay and Covid-related insurance packages.
The staffers posed as US Internal Revenue Service department officials, making a daily turnover of Rs 1.5 crore.
'Those who are talking of adopting the Narasimha Rao-Manmohan Singh policy must understand now that what was a reform then is no longer a reform now,' argues Sukumar Mukhopadhyay who was associated with the 1991 economic reforms.
'Today's India is fearless and is on track to be a great power. But this is definitely not happening without women, who form 48 per cent of our population.'
Infosys is developing three more projects at Electronics City.
According to CAIT, e-commerce policy should take within its ambit not only foreign players but also domestic ones.
The move to allow payments through digital wallets could give a fillip to distribution and reach for these investment vehicles, say experts.
The authority said in response to a report based on RTI that 210 government website made Aadhaar information public .
The facility can be accessed using internet banking, Aadhaar number, ATM and email.
In DigiLocker, a user can get different government departments to issue documents in digital format. At present, there are 117 such issuers. You can get PAN, Aadhaar, vehicle fitness certificate, vehicle tax receipt, class ten and twelve mark sheets, driving licence, caste certificate, ration card, birth certificate, college degrees and diplomas, marriage certificate, and many more.
Experts say it is difficult to determine country of origin where most products are manufactured and sold, as part of a complex global value chain.
The new scheme came into effect on Thursday. However, even after a scrutiny assessment, appeals will continue to be done through personal representation.
The Revenue Department has extended the deadline by one month to November 25 for filing of service tax returns for the April-June quarter, as it has not been able to provide electronic return form in time.
The Income-Tax department will soon start updating taxpayers about the status of their I-T refunds and processing of certain tax statements by sending real-time SMSes and emails, on similar lines as that of credit card and bank transactions at present.
A couple of days of rainfall and the Bengaluru residents are struggling to stay afloat.
The final policy may be out only after formation of the new government, according to sources
The one-page form will mandatorily seek the taxpayers name.
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