I-T Goes After Rs 7.7 Trillion Tax Arrears

Senior tax officials were told to focus on cash collection from the arrears so that the target for FY23 was achieved and the overall revenue position improved. Illustration: Uttam Ghosh/Rediff.com......

How BJP hopes to gain by taking Kuldeep Bishnoi into its fold

'Neither the Congress will lose anything nor will the BJP gain anything.' Nitin Kumar reports from Chandigarh. IMAGE: BJP national president JP Nadda congratulates newly joined party leaders......

'Expect all Rs 500 and Rs 1,000 notes to come back into the system'

The economy could return to 8% growth by the end of 2017-2018, Arvind Panagariya, vice-chairman NITI Aayog, tells Business Standard's Indivjal Dhasmana and Sanjeeb Mukherjee.   Economic growth......

'60% of taxpayers will shift to new tax regime'

'Personal income tax is growing by 27 per cent and most refunds have already been issued.' Illustration: Dominic Xavier/Rediff.com "Suppose you are a taxpayer and you have been filing returns and......

Expect Tax Refunds Now In 10 Days

Almost all verification and assessments of returns selected for scrutiny are being done electronically through an anonymous back office, manned by tax experts and officials, without any personal......

TMB failed to file details of Rs 3,610 cr deals due to tech glitch

After the income tax department indicated that the Tamilnad Mercantile Bank (TMB) did not provide the complete details of transactions worth up to Rs 3,610 crore, sources told Business Standard......

'The impact of El Nino is always a matter of concern'

'If because of El Nino, the monsoon is affected adversely in the current year, naturally it will affect income projections and consequently Budget numbers.' IMAGE: Villagers carrying containers......