The Tax Administration Reform Commission submitted report to Jaitley in June 2014.
In order to weed out the hassle of sending by post a hard copy of e-filed return, the Income Tax department has decided to bring in the facility of electronic signatures for taxpayers to endorse their bonafides.
Modi accused the TMC of killing the aspirations of the middle-class people in the state and said the ruling party in West Bengal is known for 'triple T -- Trinamool Tolabaji Tax'.
'We know that if the IT industry goes on strike even for a day or two, the repercussions will be international, and we will suffer as a country.' 'We don't want that to happen.'
Surendra Hiranandani -- chairman and managing director, House of Hiranandani -- explains what ails India's housing sector and indicates the way forward.
'Keeping quiet is not an option for me. It should not be an option for anyone. If you have a voice, you must use it.' Tamil actor Vishal speaks out.
Middle class constituted about 49 per cent of the total tax payees in financial year 2011-12
Indian and Finnish finance ministry officials on Tuesday discussed Nokia's Rs 21,153 crore (Rs 211.53 billion) tax dispute case and reviewed the double taxation avoidance agreement.
Appearing on Rediff Chat, G Srikanth, partner in GSV Associates, Chartered Accountants, Chennai, and member of the Institute of Cost and Management Accountants, answered readers' queries on the Goods and Services Act.
Right steps you can considerably reduce the tax outgo.
The chief operating officer said that the carrier will surmount the present crisis very soon.
From Dabur to HUL, here are 10 stocks with significant rural exposure in the auto, agri-chemical and fast moving consumer goods sectors, which should see an uptick in sales growth.
The Income Tax Return Form-1 (Sahaj) will replace the 7-page form, removing a plethora of columns on deductions from income claimed.
'The prime minister's advisers might have told him that going along with this AIADMK government will damage his image.'
Airline says can't discuss dues publicly, denies grounding of planes
The department has calculated and arrived at the figure and may raise two separate demands.
Those evading taxes could soon find tax officials at their doorstep, with a rather insightful account of their big purchases.
After the euphoria over winning the gold medal at the Asian Games, Indian hockey suffered a major jolt on Tuesday with the resignation of the team's chief coach, Terry Walsh.
Nokia may now not sell its Chennai unit.
The Delhi High Court on Thursday asked the Income Tax (IT) department to take a decision on the offer of Finnish mobile maker Nokia to pay a minimum deposit of Rs 2,250 crore (Rs 22.50 billion) to it towards the tax liability of the company which is nearly Rs 6,500 crore (Rs 65 billion).
With digital technology, the I-T department's ability to catch tax evaders has increased many times.
The filing of audit reports was made mandatory in ITR Form 5, 6 and 7 after the tax department noticed discrepancies in filing of some returns along with audit reports.
The CBI has shared its findings with the Enforcement Directorate.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
FBT was an unpopular tax and withdrawn before the General Elections in 2009
'Our passionate love for our nation as seen in our anger at slogan shouters does not extend to caring for the nation in other ways. We are one of the dirtiest people on earth and even our holiest river the Ganga can only be cleaned if the Supreme Court orders it, and even then with difficulty,' says Aakar Patel.
Disclose foreign assets, redesignate NRO a/c and open a Resident Foreign Currency a/c to park forex earnings
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HC restrains Nokia from selling, transferring ownership rights in India.
BJP MP Kirti Azad on Sunday alleged that lots of companies were given crores of rupees by the DDCA and contracts were given out to fraud companies without any verification.
Budget should be a platform for govt to take bold steps.
Real estate sector cheers reforms in the Budget.
Dept to focus on real estate, infra, mining and manufacturing to detect evasion.
The company moved the income-tax appellate tribunal and its appeal is pending there.
Use deductions introduced in the Budget to save additional Rs 24,000 in tax
If you plan it out, instead of rushing it in the last moment, you will realise how much you have saved and the difference it makes to your personal wealth.
Ajay Singh is trying hard to turnaround SpiceJet.
These plans aren't likely to put substantial cash in your hands.
Encouraging domestic financial savings through focused measures would help mobilise long term resources for funding infrastructure and economic development.
Getting US citizenship will in no way affect your right of being able to own or hold the agricultural land in India.
