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Top I-T officials to discuss ways to augment revenue

With government targeting Rs 6.68 lakh crore from direct taxes, top income tax officers will gather here tomorrow to discuss ways to augment revenue collection and widen tax base.

I-T sends letters to 35,000 assessees for not filing returns

Continuing its drive against non-filers, the Income Tax Department Monday sent letters to another 35,000 such assessess for not filing tax returns, taking the total number of these letters to 1.75 lakh.

Nokia served Rs 2,000 cr notice for tax evasion; HC stays demand

The Income Tax department has served a Rs 2,000 crore demand notice on Finnish mobile firm maker Nokia for alleged evasion of taxes in its business transactions in the country.

Tax notices to Reliance Life, Sahara and 6 other insurers

Eight private insurance companies, including Reliance Life and Sahara India Life have been served show-cause notices by the Revenue department for alleged tax violation, Parliament was informed on Thursday.