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India to implement US foreign tax compliance act: RBI

Last Updated: Sunday, June 29, 2014, 11:32

The Inter-Governmental Agreement on FATCA, which came into effect on April 11, will be signed only after Cabinet approval.

Govt sets up Tax Administration Reform Commission: Shome

Last Updated: Saturday, March 29, 2014, 19:20

Hopefully there would be dynamic recommendations and once the recommendations are out, it would be discussed by the tax administration and tax payers, Parthasarathi Shome said.

I-T dept creates 56 new ASK offices for taxpayers

Last Updated: Wednesday, March 19, 2014, 16:39

In order to create better facilities for taxpayers, the Income Tax department has created 56 new outreach centres across the country during this financial year.

I-T dept identifies 21.75 lakh tax 'non-filers'

Last Updated: Friday, February 21, 2014, 21:13

In a last-ditch effort to meet revenue targets, the Income Tax Department on Friday said it has identified 21.75 lakh new "potential non-filers", and urged all tax payers to disclose their true income and pay appropriate taxes.

Banks open on Saturday and Sunday for acceptimg advance tax

Last Updated: Saturday, September 14, 2013, 15:48

Corporates can pay their first quarter advance tax on Saturday, Sunday and on Monday at the designated bank branches, an official statement said.

Banks to remain open on Sep 14, 15 for advance tax collection

Last Updated: Friday, September 13, 2013, 21:28

Reserve Bank Friday said bank branches would work full time this Saturday and Sunday to facilitate receipt of advance tax challans for income tax and corporate tax from the public.

Tax department writes to another 35,000 people to file returns

Last Updated: Friday, September 13, 2013, 20:32

The Income Tax Department has written to another 35,000 people this week, asking them to file returns and pay dues.

Send e-return copies to Bangalore centre: I-T dept to taxpayers

Last Updated: Friday, September 13, 2013, 16:00

Income Tax department has asked electronic filing taxpayers not having sent their returns copy for the two previous assessment years by post to its centre in Bangalore, to do so early.

Beware of fraud, fake mobile applications: I-T to taxpayers

Last Updated: Wednesday, September 04, 2013, 15:41

The fake mobile applications use the name and purpose of I-T returns to conceal their fraud identity.

Cos paying over Rs 10 cr advance tax may be asked to join LTU

Last Updated: Sunday, June 23, 2013, 17:54

Government is considering making it mandatory for companies paying advance tax of over Rs 10 crore annually to register with the LTU (Large Taxpayers Unit), a move likely to augment and streamline tax collection.

Online taxpayers may not need to send papers to CPC in B'lore

Last Updated: Friday, June 21, 2013, 19:34

Millions of taxpayers filing returns online may no longer have to send paper documents to the central processing unit here, with CBDT proposing to introduce electronic verification for such filings, a top official said.

ITC may not qualify for Kolkata LTU facility

Last Updated: Tuesday, May 07, 2013, 23:00

Cigarette to diversified conglomerate, ITC Ltd, may not qualify for entry into the proposed Large Taxpayers Unit (LTU) here for association with tobacco.