Soon, PAN card to be issued in 48 hours flat!

Last Updated: Tuesday, April 21, 2015, 23:44

The government will soon launch a facility under which a PAN card will be issued within 48 hours of applying.

Now EPIC or Aadhaar document enough to get PAN card

Last Updated: Monday, April 20, 2015, 17:41

An EPIC or Aadhaar document will now be enough for any individual to obtain PAN card as the Income Tax Department has relaxed the cumbersome procedure of having multiple documents to prove one's own identity.

Rollover of MFs beyond 36 months not capital gains: CBDT

Last Updated: Sunday, April 12, 2015, 13:21

In a major relief to investors, the rollover of mutual fund Fixed Maturity Plans (FMP) beyond 36 months will not attract capital gains.

CBEC to set up Directorate of Taxpayer Services

Last Updated: Sunday, April 5, 2015, 13:47

The CBEC is celebrating 2015 as the Year of Taxpayer Services in "recognition of the need to have 'customer focus' in our day-to-day functioning".

India has historic chance to grow, don't obstruct: FM Jaitley to Opposition

Last Updated: Tuesday, March 17, 2015, 16:36

With a number of key reforms bills stuck, government on Tuesday appealed to the opposition not to play "obstructionist" as the country has the "historic opportunity" to grow and the GDP is expected to go beyond 8 percent next year, overtaking China.

Acting against tax evasion is not tax terrorism: CBDT chief

Last Updated: Wednesday, March 4, 2015, 21:16

Promising to move "two steps" forward to clear the perception of 'tax terrorism', the Tax Department Wednesday said the taxpayers also need to take 'two steps' to ensure their compliance with laws.

Shortfall in TDS collections: CBDT asks I-T dept to act

Last Updated: Sunday, February 1, 2015, 10:06

The board, according to sources, asked I-T officials to bolster their efforts and give special emphasis on tax collections under the Tax Deducted at Source (TDS) and Advance Tax categories.

Direct tax collections rise 5.67% during Apr-Nov

Last Updated: Tuesday, December 23, 2014, 19:01

The government's direct tax collections during April-November of this fiscal rose 5.67 percent to Rs 3.29 lakh crore over the same period a year ago.

CBDT signs first bilateral APA

Last Updated: Friday, December 19, 2014, 21:28

"This is India's first bilateral APA. The APA is for a period of five years," an official statement said.

CBDT chief to keep exclusive charge of I-T investigations

Last Updated: Sunday, December 14, 2014, 22:28

A major reshuffle has been effected in the CBDT, with the board's Chairperson Anita Kapur deciding to assume exclusive charge of Income-Tax department investigations in order to personally spearhead ongoing probes into cases of tax evasion and black money.

Former CEA to head FinMin panel to hear industry's tax issues

Last Updated: Wednesday, December 3, 2014, 21:31

The Finance Ministry Wednesday set up a high level committee to interact with trade and industry on tax related issues on regular basis and ascertain areas where clarity in tax laws is required.