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Pay I-T dues in advance to avoid last minute rush: RBI

Reserve Bank has asked income tax assessees to pay their dues in advance for December quarter and has designated a total of 29 banks at which the payments can be done.

Pay tax under dispute resolution scheme on time to get relief

Pay tax under dispute resolution scheme on time to get relief

 CBDT today said assessees taking advantage of the Direct Tax Dispute Resolution Scheme, 2016, will be required to pay the taxes within the stipulated period to avail the relief under the scheme.

Disclose true income or face action: Govt to taxpayers

"Government would urge all assessees to disclose their true income. There is no advantage in suppressing the true income or avoiding paying income tax that is due", Revenue Secretary Sumit Bose told reporters here.

Financial capital disappoints with flat direct tax collection

Tax collection growth in the financial capital will be lesser than the targeted 20 percent going by the initial numbers of advance tax by corporates, an I-T official said Thursday.