I-T dept to bring 1 crore new people under tax net this fiscal

Last Updated: Sunday, July 19, 2015, 14:23

The Income Tax department has launched an ambitious drive to bring under its net one crore new taxpayers after the government recently asked the taxman to achieve the target within the current fiscal.

I-T warns of action against those disclosing secret tax info

Last Updated: Sunday, July 19, 2015, 12:50

The Central Board of Direct Taxes (CBDT) said the confidentiality of taxpayers' information has assumed a greater significance in view of "increased availability of information" regarding offshore tax evasion, tax avoidance and stashing of unaccounted money abroad.

Black money law: FinMin wants people to address queries to CBDT

Last Updated: Tuesday, July 14, 2015, 19:52

Finance Ministry Tuesday dismissed some media reports on the new black money law as "surmises" and asked people to address queries directly to the revenue department.

Blackmoney: CBDT rejigs committee to handle FATCA cases

Last Updated: Sunday, July 12, 2015, 13:42

Through an order issued days before FATCA was signed by the two countries on July 9, the CBDT has increased the strength of the panel from existing seven to eight members.

File appeals on merit: CBDT to taxman

Last Updated: Sunday, July 12, 2015, 12:30

Disapproving of the 'casual' attitude of taxmen in filing appeals and pursuing litigation in important revenue matters, the CBDT has asked the I-T department to take legal recourse only in "deserving" cases.

Compliance window last chance to come clean on black money: Govt

Last Updated: Saturday, July 4, 2015, 21:01

Terming the rules for the new black money law "simple and clear", Finance Ministry on Saturday said the ongoing compliance window will be the last chance to come clean on undisclosed foreign assets.

Tax, penalty to be levied at market price under black money law

Last Updated: Friday, July 3, 2015, 18:35

Undisclosed overseas assets such as immovable property, jewellery, shares and art works will be valued at fair market price for the purpose of tax and penalty under the new black money law.

Govt notifies rules for asset valuation under black money law

Last Updated: Friday, July 3, 2015, 16:01

Government has notified the rules for calculating overseas income and assets under the stringent foreign black money law that came into force on July 1.

E-filing: I-T dept to send 24-hr valid password to taxpayers

Last Updated: Monday, June 29, 2015, 18:43

The deadline for filing ITRs is August 31.

Use online tax calculator to file ITR for AY 2015-16

Last Updated: Sunday, June 28, 2015, 10:45

The CBDT had notified the new forms early this week ushering in the ITR filing season which ends on August 31.

Working to make life easy for taxpayers: CBDT

Last Updated: Thursday, June 25, 2015, 14:47

The CBDT is working to create an atmosphere where a taxpayer's life becomes so "easy" that they are never compelled to visit an I-T department office and the hassle of paying taxes is "eliminated totally", its chief has said.

No taxman can terrorise assesses of scrutiny: CBDT chief

Last Updated: Wednesday, June 24, 2015, 15:54

Seeking to allay concerns of taxpayers, CBDT has asked them not to get terrorised by threats of their cases being wilfully chosen for "scrutiny" by the taxman as the procedure is fully electronic and devoid of any human intervention.