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Govt extends payment date under black money scheme

Govt extends payment date under black money scheme

The government on Thursday extended the deadline for payment of tax and penalty under the black money disclosure scheme and allowed declarants to pay the amount in three installments by September 30 next year.

Duty free shops to also display price of goods in rupee

Revenue department on Wednesday asked duty free shops at airports to display prices of goods in Indian currency as well as the exchange rate.

Revenue dept taking steps to boost growth, jobs: FinMin

The Finance Ministry Sunday listed out steps taken by the Revenue Department to boost growth and employment by giving relief to small tax payers, businesses and professionals.

Govt orders voluntary retirement for lazy officers

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On PM Narendra Modi's orders, 33 non-performing officials asked to go: Report

On PM Narendra Modi's orders, 33 non-performing officials asked to go: Report

The Centre has ordered 33 senior officials of the revenue department to take premature retirement, apparently due to non-performance, as per a media report.

Government to further simplify ITR forms, sets up committee

Government to further simplify ITR forms, sets up committee

Government is looking to further simplify Income Tax return forms to help taxpayers fill them without seeking help from experts and the Revenue Department has set up a committee in this regard.

Interest on rupee denominated bonds to attract 5% tax

Interest on rupee denominated bonds to attract 5% tax

Reserve Bank of India has recently permitted the corporates to issue rupee denominated bonds outside India.

Service Tax Dept to focus on 5 evasion prone sectors

"With a view to improve collection, the Service Tax department has prepared sector specific profile of five sectors which are prone to evasion," a senior official told PTI.

Govt may soon come out with circular on relief to FIIs on MAT

The Revenue Department may soon come out with a circular on providing relief to FIIs from the minimum alternate tax (MAT) with retrospective effect.

Revenue Dept probing entities over penny stock misuse: Das

Revenue Dept probing entities over penny stock misuse: Das

A day after Sebi clampdown on 59 entities misusing stock market for evading taxes, the government today said the investigation wing of the Revenue Department is probing companies which use the penny stock route for tax evasion.

India, US resolve 35 transfer pricing disputes in IT sector

The Revenue Department Thursday said 35 transfer pricing disputes between India and the US in different segments of Information Technology (IT) have been resolved and another 100 are likely to be settled in the next three months.

'Place of Supply' rules for e-commerce under GST on anvil

As part of GST roll out, the Revenue Department will prepare 'Place of Supply' rules that will comprehensively cover taxation of e-commerce, an official said.

Data on caste certificates to be available online

In order to curb use of forged caste certificates, the Aam Aadmi Party government has decided to make data of such documents available online by next week.

Priyanka Vadra's Shimla land-deal information wrongly withhled?

The details of how Priyanka Gandhi Vadra bought land near Shimla must be revealed within 10 days, the top most officers of the Information Commission of Himachal Pradesh have ruled today.

SIC directs government to give info on Priyanka Gandhi Vadra’s land within ten days

The details of how Priyanka Gandhi Vadra bought land near Shimla must be revealed within 10 days, the top most officers of the Information Commission of Himachal Pradesh have ruled today.

Registration of properties in unauthorises colonies allowed

In a major relief to lakhs of people living in unauthorised colonies, Delhi government on Tuesday decided to allow registration of properties in the settlements regularised by the Centre, heeding to a long-standing demand of the residents.

CBDT makes public names of 18 tax defaulters who owe Rs 500 crore

Adopting an aggressive approach to increase tax collection, the revenue department for the first time publically named 18 tax defaulters - including Goldsukh Trade and Somani Cements - who owe over Rs 500 crore to the exchequer.

Rs 8,900 cr in taxes pending against LIC, SBI, BSNL: Panel

Pulling up Revenue Department for its "inefficiency" in tax recovery, a Parliamentary panel has said that nearly Rs 8,900 crore is pending against just three public sector companies, LIC, SBI and BSNL.

PMO asks tax dept to find more ways to bring back black money

Aiming to intensify government's drive on black money, the PMO has asked the revenue department to look for ways other than bilateral tax treaties to bring back funds stashed abroad.

Delhi govt gets newlyweds to take vow against female foeticide

As newlyweds Tarun and Swati got their marriage registered, they took another vow to complement the ones that solemnised their union, one which made them promise that they "shall not indulge in female foeticide".