ED raids income tax officer Neeraj Singh, books him for money laundering 

The federal probe agency said it raided six locations, two each in Kolkata, Mumbai and Patna, after it booked Singh under the Prevention of Money Laundering Act.

published on : 14th September 2019

UP CM, ministers to pay income tax from own pocket as Yogi government junks 1981 law 

Cabinet minister and government spokesperson Srikant Sharma said the CM was firm on repealing obsolete laws which were the legacy of earlier regimes.

published on : 14th September 2019

Yogi government ends four-decade-old practice of state exchequer paying ministers' taxes

The direction follows criticism in the media of a law enacted in 1981 which ensures that the state's chief minister and ministers don't pay any income tax themselves.

published on : 13th September 2019

ED takes Karnataka Congress leader DK Shivakumar to Delhi's Tughlak Road police station

Shivakumar, who is in ED's custody since September 3 in connection with a money laundering case, was earlier taken to the RML hospital on Thursday.

published on : 13th September 2019

Faceless tax assessment to eliminate corruption in tax department: MoS Finance Anurag Thakur

Thakur said that infrastructure investment of over Rs 100 lakh crore will be needed for achieving the USD 5 trillion GDP mark.

published on : 12th September 2019

Tax assessment needs lot more transparency: Finance Minister Nirmala Sitharaman

On tax collection target, the minister said that the target has been given after due consideration and any shortfall won't affect social sector spending.

published on : 7th September 2019

India needs more active fixed-income market, says RBI Deputy Governor BP Kanungo 

He said the importance of the fixed-income market cannot be overemphasised as they help in meeting the funds requirement of the sovereign and sub-sovereign bodies across the globe.

published on : 6th September 2019

PAN will be generated automatically if a taxpayer uses Aadhaar for filing returns: CBDT

A person who furnishes Aadhaar, as they do not have PAN, "shall be deemed" to have applied for allotment of PAN and they will not be required to apply or submit any more documents.

published on : 2nd September 2019

Returns filing done? Be prepared for notices from taxmen

Most tax notices are for routine mismatches or errors in filing that can be rectified very easily.

published on : 2nd September 2019

Over 49 lakh income tax returns e-filed on August 31: CBDT

According to the CBDT, in a record number of Income Tax Returns (ITR) e-filings in a single day, a total of 49,29,121 ITRs were filed on the last day for filing returns.

published on : 1st September 2019

Hurry up! Just one day left to file your income tax returns 

The I-T department has issued a notification clarifying that the circular going viral on social media -- stating that the deadline has been extended to September 30 -- is not genuine.

published on : 30th August 2019

Actor Vishal surrenders in TDS non-payment case as warrant expires

The court issued an Non-Bailable Warrant on August 2 after he failed to appear to the summons issued by the Income Tax department.

published on : 29th August 2019

I-T attaches Rs 150 crore worth 'benami' hotel of Congress leader Kuldeep Bishnoi, brother

The order has been issued under section 24(3) of the Prohibition of Benami Property Transactions Act, 1988, official sources said.

published on : 27th August 2019

Government fires 22 more Income Tax officers on corruption charges and misconduct

Finance Ministry sources said that the decision to sack corrupt tax officers is in line with PM  Modi's promise to clean up the tax administration so that honest tax-payers are not harassed.

published on : 26th August 2019

No enhanced surcharge on FPIs for capital gains in equities, derivatives: Government

The Centre on Friday had announced a slew of measures to boost the economy, including a rollback of enhanced super-rich tax on foreign and domestic equity investors imposed in the Budget.

published on : 24th August 2019
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