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Conduct non-intrusive investigations: FM tells tax officials

Conduct non-intrusive investigations: FM tells tax officials

Last Updated: Wednesday, July 23, 2014, 22:08

The Minister "exhorted the officers of the Income Tax Department to maximise the use of innovative and non-intrusive methods of investigation," an official statement said.

FinMin sets up panel to reduce tax litigations

Last Updated: Thursday, July 17, 2014, 18:40

With Rs 4 lakh crore locked up in litigations, the Finance Ministry today set up a committee consisting of officials from Central Board of Direct Taxes to suggest ways to reduce mounting disputes at various tax appellate forums.

CBDT constitutes panel to suggest steps to reduce litigation

Last Updated: Thursday, July 17, 2014, 14:45

The Committee, according to the terms of reference issued by CBDT, will carry out detailed analysis of appellate orders and assessment orders on various aspects and recommend steps to reduce litigation before CIT (Appeal).

ITR filing: CBDT launches new tax calculator for taxpayers

Last Updated: Sunday, July 13, 2014, 15:02

Taxpayers can see the tax calculator on the official website of the I-T department-- www.Incometaxindia.Gov.In.

'Govt to take call on GAAR implementation soon'

Last Updated: Saturday, July 12, 2014, 15:33

As per the existing proposal, investments made after March 2013 will be covered under GAAR with effect from assessment year 2016-17.

Taxpayers to share their email-id, cell phone in I-T returns

Last Updated: Thursday, July 03, 2014, 22:17

Taxpayers filing their I-T returns this year will now have to share their email-id and mobile phone number with the tax department

Arun Jaitley to meet top brass of I-T, CBDT

Last Updated: Wednesday, July 02, 2014, 21:21

Finance Minister Arun Jaitely will meet the top brass of the Income Tax department and Central Board of Direct Taxes later this month in the national capital.

Black money: SIT asks agencies to share data on ongoing cases

Last Updated: Sunday, June 29, 2014, 11:38

SIT has asked for the data in order to understand the trends and magnitude of the menace of black money and generation of illegal funds in the country.

Abolish Revenue Secretary post; merge CBDT, CBEC: Govt panel

Last Updated: Monday, June 16, 2014, 20:58

Recommending far-reaching reforms in tax administration, a government committee has suggested abolition of the post of Revenue Secretary, merger of CBDT and CBEC and broaden the use of Permanent Account Number (PAN).

I-T Dept asked share wealth details of defaulters with banks

Last Updated: Thursday, May 29, 2014, 19:23

In a step to help public sector banks to recover bad loans, the Finance Ministry has asked the I-T Department to share details of defaulters' wealth tax returns with PSBs if they ask for such information.

EC seeks cancellation of tax benefits to 10 political parties

Last Updated: Sunday, April 20, 2014, 09:40

The Election Commission has sought withdrawal of tax exemption benefits to ten political parties from the CBDT on the grounds that they failed to submit their mandatory expenditure contribution reports on time to the poll body.

CBDT ask officials to ensure M&As do not defraud revenue

Last Updated: Sunday, April 13, 2014, 12:26

As per the procedure, M&As are required to be vetted by the high court concerned.