News WrapGet Handpicked Stories from our editors directly to your mailbox


Taxmen to snoop social networking sites to trace black money

A photo of your shiny new luxury car on Instagram or a costly watch on Facebook may lead the taxman to your door as the tax department from next month will begin amassing virtual information to trace black money.

Sep 10, 2017, 10:53 AM IST

Income Declaration Scheme: Government wants people to clean up their books, says Finance Minister

Maintaining that the relationship between taxmen and assessees is undergoing a change, Finance Minister Arun Jaitley said yesterday that the aim of the Income Declaration Scheme-2016 is to send a firm message to the people to clean up their books.

Jul 15, 2016, 13:02 PM IST

Adopt taxpayer-centric regime: Revenue Secretary tells taxmen

The Income Tax Department should adopt a responsive taxpayer-centric regime and focus on dealing with the menace of both domestic as well as overseas black money, Revenue Secretary Shaktikanta Das has said.

May 26, 2015, 21:12 PM IST

Black money: 'Warehouse' of tax data for I-T in the offing

The Income Tax department has named the new project -- Data Warehousing and Business Intelligence (DWBI), which it plans to operationalise by next year.

Aug 03, 2014, 10:11 AM IST

Top taxmen to take leadership lessons from IIM-A, Harvard

Indian Institute of Management Ahmedabad (IIM-A) has tied up with US-based Harvard Business School (HBS) to offer a four-week executive education course for senior officials of India`s Income Tax Department.

Jul 07, 2014, 23:05 PM IST