Face penalty if allow parking others' black money into your bank account
Archana Khatri Das/Zee Media Bureau
Nov 18, 2016, 16:09 PM IST
Govt extends return filing date for large taxpayers to Oct 17
Revenue Department has extended the date to October 17 for filing of tax returns by assesses who are required to submit audited accounts in view of the ongoing income declaration scheme (IDS-2016).
Sep 09, 2016, 20:05 PM IST
Central Information Commission not competent to bring political parties under RTI: Congress
Three years after six national parties were brought under the ambit of the RTI Act, Congress on Monday asked the Central Information Commission to set aside its 2013 full bench order, saying it is neither a court nor a competent authority to exercise plenary jurisdiction and the order is "arbitrary and illegal."
Jun 20, 2016, 20:34 PM IST
Govt looking at Shome panel report to simplify tax system: Arun Jaitley
Ahead of the Budget 2016-17, Finance Minister Arun Jaitley Monday said the government is looking into the recommendations of Parthasarathi Shome committee for simplifying tax administration.
Jan 25, 2016, 18:32 PM IST
Retrospective tax is a thing of past, says PM Narendra Modi; India-France sign 16 MoUs
He also announced that France would immediately start investing USD 1 billion in India annually which will be scaled up later. The two sides also signed 16 MoUs, including one for manufacture of helicopters in India.
Jan 24, 2016, 23:25 PM IST
Retrospective tax law hurt India, scared away investors: FM Jaitley
Retrospective tax law has hurt the country as it scared away the investors, Finance Minister Arun Jaitley Saturday said and stressed on the need for maintaining the standards of fairness in taxation.
Jan 02, 2016, 20:05 PM IST
Don't effect fresh demand against Vodafone for 2011-12: HC to IT dept
Delhi High Court has directed the income tax department not to give effect to any fresh assessment order it passes against Vodafone for 2011-12 till February 18, when its plea against a dispute resolution panel's decision to disallow exemptions amounting to over Rs 2800 crore is taken up.
Jan 01, 2016, 20:40 PM IST
No more LPG subsidy for consumers with annual taxable income of more than Rs 10 lakh
Tax payers with annual income of more than Rs 10 lakh will not get subsidised cooking gas (LPG) from next month as the Modi government has decided to limit supply of under-priced fuel to cut subsidies.
Dec 28, 2015, 18:42 PM IST
Cairn to seek $700 million compensation from government
British energy firm Cairn Energy has said it will seek about USD 700 million in compensation from the government for the loss of value of its shareholding in Cairn India suffered since their attachment nearly two years ago over a tax dispute.
Dec 10, 2015, 22:21 PM IST
Govt may not extend sunset clauses for tax exemption
It has invited comments on the proposal withing 15 days.
Nov 20, 2015, 19:48 PM IST
CBDT to soon issue instructions on MAT issue
With the Justice A P Shah panel recommending non-applicability of Minimum Alternate Tax (MAT) on FIIs, the revenue department is likely to soon issue instructions to field officer not to pursue pending cases against foreign institutional investors.
Sep 01, 2015, 19:25 PM IST
Black money: Names can be revealed in public interest, says govt
Holding out no assurance of an absolute confidentiality to those disclosing foreign assets on their own, the government Tuesday said details of information provided during the one-time compliance window can be revealed in the public interest.
Aug 04, 2015, 22:07 PM IST
Govt detects Rs 1,761.09 crore undisclosed income till June
The government has detected an undisclosed income of Rs 1,761.09 crore while it seized Rs 75.37 crore in a total of 41 searches till June this fiscal, Parliament was informed Friday.
Jul 31, 2015, 19:00 PM IST
17 individuals owe a whopping Rs 2.14 lakh crore tax arrears
Just 17 individuals have a whopping Rs 2.14 lakh crore as outstanding tax arrears, with each of them owing more than Rs 1,000 crore.
Jul 30, 2015, 19:54 PM IST
Don't abandon Dirext Taxes Code: Parl panel to Govt
Asking the government not to abandon the Direct Taxes Code (DTC), a Parliamentary panel on Friday said this new law needs to be enacted to replace the existing Income Tax Act, which it said was "very cumbersome" and prone to avoidable litigation.
Apr 24, 2015, 19:18 PM IST
Mutual funds line up retirement plans
Besides, Reliance Capital Asset Management Company, in December last year, had got the government's approval for first-ever equity-oriented pension scheme, giving tax benefits to investors.
Apr 13, 2015, 16:30 PM IST
GST will transform India's fiscal architecture: Jayant Sinha
The GST roll out will prove to be a revolutionary step and has potential to transform the "fiscal architecture" of the government, Minister of State for Finance Jayant Sinha said today.
Mar 05, 2015, 17:26 PM IST
Govt optimistic about GST roll out from April 2016: Rev Secy
The government is confident of rolling out the much-awaited Goods and Services Tax (GST), which aims at creating a single tax for goods and services across the country, from April 1, 2016, a top finance ministry official said.
Mar 05, 2015, 16:17 PM IST
Govt mulling to broaden ambit of Predicate Offences: SIT to SC
Government is mulling to broaden the definition of "Predicate Offences" on the lines of nations like Australia, Cananda and the US to bring the offence of tax evasion under its ambit, the Supreme Court has been informed.
Jan 23, 2015, 19:34 PM IST
TN Minister blames UPA's tax policy for Nokia's plant closure
Tamil Nadu Government Friday blamed the Congress-led UPA and its ally DMK for the closure of Nokia's manufacturing plant near here by making a Rs 2,080 crore tax demand.
Dec 05, 2014, 22:43 PM IST