close
This ad will auto close in 10 seconds

Tax

CBDT issues draft norms for taxing buy back of unlisted shares

Central Board of Direct Taxes (CBDT) Monday came out with draft rules for determining the quantum of distributed income arising out of buy back of shares of unlisted companies for levy of tax.

PM Modi's ultimatum to tax defaulters | Part I

P.M Modi has given the last opportunity to tax defaulters for declaring their undeclared property under tax declaration scheme. Watch this special segment and get to know more here.

Department of Posts fails to pay tax, CBEC faults officials

Department of Posts fails to pay tax, CBEC faults officials

The Department of Posts could not pay its service tax because of "unwarranted refusal" by the officials concerned who did not exercise their discretionary power in letting it pay the levy through cheque.

I-T dept to issue notice to seek information about PAN

I-T dept to issue notice to seek information about PAN

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

 7th Pay  Commission: How it will change your exact salary-know simply

7th Pay Commission: How it will change your exact salary-know simply

Here we will show you the how 7th Pay Commission will change your exact salary keeping in mind the 4 main salary bands.

7th Pay Commission: Key things you should avoid doing with the additional money

7th Pay Commission: Key things you should avoid doing with the additional money

 It's highly recommended that the additional money you receive is invested wisely.

Relief for taxpayers: No recovery during pendency of stay

Relief for taxpayers: No recovery during pendency of stay

In a relief to tax payers, the government has asked taxmen not to proceed with recovery of a 'confirmed' demand in relation to indirect taxes during pendency of stay applications.

Tax department must trust assessees: Arun Jaitley

Tax department must trust assessees: Arun Jaitley

Making a case for increasing the taxpayer base, Finance Minister Arun Jaitley has said the government's intention is to keep taxation rate "moderate" and emphasised that tax department needs to start trusting the assessees.

Double taxpayers to 10 crore people, says PM Modi; warns against tax evaders

Double taxpayers to 10 crore people, says PM Modi; warns against tax evaders

At the conference titled 'Rajasva Gyan Sangam' (Knowledge Conference on Revenue), Modi asked the officials to "move towards digitisation" to make tax administration efficient and work towards bridging the "trust deficit".

Cash purchase of goods, services over Rs 2 lakh to attract 1% tax

Cash purchase of goods, services over Rs 2 lakh to attract 1% tax

Payment in cash for buying goods and services worth more than Rs 2 lakh with the exception of jewellery will attract 1 percent tax collected at source (TCS) from Wednesday.

Japan's Shinzo Abe may leave tax hike to next PM: Reports

Japan's Shinzo Abe may leave tax hike to next PM: Reports

Japan Prime Minister Shinzo Abe intends to push back his debt-loaded country's next tax hike for two and a half years, when he will likely have left office, reports said Sunday.

Attention tax evaders: From June 1, declare black money and come clean or else....

Attention tax evaders: From June 1, declare black money and come clean or else....

This warning comes straight from the Finance Ministry: declare black money and come clean from June 1 or face penalty and be subject to scrutiny and enquiry by tax department.

IT department to 'name and shame' crorepati defaulters this fiscal

IT department to 'name and shame' crorepati defaulters this fiscal

The department has begun publishing the names of tax defaulters in leading national dailies since last year and has named 67 such defaulters from across the country till now.

Government vows to crack down on super-rich tax evaders

Government vows to crack down on super-rich tax evaders

Figures published last month for the first time since 2000 showed just how few of India`s top earners pay tax. Only six people earning over 500 million rupees ($7.4 million) filed returns in 2012-13.

Investors making money must pay taxes; no fear of FDI fall: Arun Jaitley

Investors making money must pay taxes; no fear of FDI fall: Arun Jaitley

He said there was no "serious apprehension" of investors shifting base to other tax havens and he sees no depletion in FDI flows due to re-drawing of decades-old tax treaty with Mauritius -- the biggest source of foreign investments into India.

Revised Mauritius tax pact may hit overseas fund flows

The new pact to levy capital gains tax on investments coming through Mauritius may put foreign portfolio investors in a fix and the impact is likely to be reflected in stock markets Tuesday with experts expecting the cost of foreign investments to go up.

Panama Papers: 2,000 Indian links revealed in fresh ICIJ leaks

Panama Papers: 2,000 Indian links revealed in fresh ICIJ leaks

A random check of the database for India displays about 22 offshore entities, 1,046 officers or individual links, 42 intermediaries and as many as 828 addresses within the country.

CBDT sets August 31 as deadline for clearing pending ITRs, refunds

CBDT sets August 31 as deadline for clearing pending ITRs, refunds

Taxpayers have been advised to check their status of pending returns for the said AYs at the IT department website for e-filing -- http://incometaxindiaefiling.Gov.In/. They can log in by using their PAN number and specific year of assessment.

Greek parliament approves controversial pension, tax reforms

Greek parliament approves controversial pension, tax reforms

Greek lawmakers have adopted a controversial package of pension cuts and tax hikes despite mass public opposition, bowing to creditor demands in a bid to unlock the next tranche of badly-needed bailout funds.

DNA: Only 4% of Indian polpulation pays income tax

The big data has revealed that only 4% of Indian population pays tax which accounts for 5.17 Crore. Watch complete news story of DNA for getting detailed updates!