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No amnesty for tax evaders; govt vows re-look at GAAR

Last Updated: Wednesday, July 30, 2014, 21:40

The government Wednesday ruled out any tax amnesty scheme to unearth black money saying it goes against honest taxpayers even as it sought to send out a positive signal to investors by promising a re-look at the controversial GAAR shortly.

I-T dept to taxpayers: Save our official email id in inbox

Last Updated: Wednesday, July 30, 2014, 14:26

The online tax filing season is on and as of now the last date is July 31.

Taxman to track high-value spending in major cities

Last Updated: Wednesday, July 30, 2014, 11:38

The Central Board of Direct Taxes (CBDT) has tasked its exclusive technical snoop unit.

AIF income to be taxed at 30%: CBDT

Last Updated: Tuesday, July 29, 2014, 17:52

Income of the Alternative Investment Funds (AIFs) will be taxed at the maximum rate of 30 percent, the revenue department has said.

ITR e-filing faces page downloading issues; ISP asked to improve connectivity

Last Updated: Tuesday, July 29, 2014, 13:48

Internet providers have been told to increase the bandwidth and carry out changes in the routing limit and firewall filter.

I-T department to tighten noose around corporate bosses

Last Updated: Tuesday, July 29, 2014, 09:37

Expenses incurred on luxury cars, property purchase, coaching centres, earnings on fixed deposits will be closely watched by the I-T department.

Chowdary tipped to be new CBDT chief

Last Updated: Sunday, July 27, 2014, 19:15

Senior IRS officer K V Chowdary is tipped to be the new Chairman of the Central Board of Direct Taxes (CBDT), the apex authority of the Income Tax department.

Income tax office to remain open on Saturday and Sunday for ITR filing

Last Updated: Thursday, July 24, 2014, 13:05

The Last date to file returns of income of salaried employees and pensioners is July 31.

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.

I-T Dept should unearth black money at home too: Arun Jaitley

Last Updated: Monday, July 21, 2014, 19:01

As government makes effort to bring illicit money stashed abroad, Finance Minister Arun Jaitley Monday asked the I-T Department to focus its effort on unearthing 'quite large' black money within the country as well.

Over Rs 1 lakh cr locked in excise, service tax litigation

Last Updated: Sunday, July 20, 2014, 19:12

Over Rs 1 lakh crore of taxes were locked up in various stages of litigation in service tax and central excise at the end of March 2013, official auditor CAG has said.

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).