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.

HDFC Bank starts income tax payment service through ATMs

Private sector lender HDFC Bank Wednesday launched a service whereby its 115 lakh debit card holders can pay income tax through the bank's ATMs.