Govt assures 'full confidentiality' under black money window

Last Updated: Monday, August 10, 2015, 20:33

This is in contrast to the Das' statement last week, where he had said that the information provided during the one-time compliance window can be revealed in the public interest.

Income tax department notifies return forms for firms

Last Updated: Sunday, August 2, 2015, 22:33

The Central Board of Direct Taxes (CBDT) has notified tax returns forms for non-salaried class, including companies, partners in firms and individuals deriving their income from proprietary business or profession for 2015-16.

New ITR forms for non-salaried individuals: Which form should you file?

Last Updated: Saturday, August 1, 2015, 12:40

The Income Tax department has notified the revised set of ITR forms for non-salaried individuals to file their returns for the assessment year 2015-16.

Sebi busts billion-dollar 'tax evasion shops' in stock market

Last Updated: Wednesday, July 22, 2015, 19:57

Suspecting tax evasion of at least Rs 5,000-6,000 crore, regulator Sebi has clamped down on a large number of organised syndicates who had set up 'shops' to convert black money into legitimate-looking funds through the stock market platform.

Court summons SpiceJet, Kalanithi Maran as accused in IT cases

Last Updated: Tuesday, July 21, 2015, 17:29

Budget carrier SpiceJet Ltd, its Chairman Kalanithi Maran and another top company official have been summoned as accused by a Delhi court in two tax evasion cases for their alleged failure to deposit over Rs 147 crore TDS with the Income Tax (IT) Department.

Blackmoney: E-filing link to declare illegal assets launched

Last Updated: Tuesday, July 21, 2015, 15:02

According to the scheme, such a declaration filed online by an individual or entity will have to mandatorily bear a "digital signature" for validation.

Black Money: PMLA action if illegal foreign assets not disclosed by Sept 30

Last Updated: Monday, July 20, 2015, 15:35

Those holding illegal foreign assets abroad and not disclosing it by September 30 will face action under the stringent anti-money laundering law, the taxman has warned.

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.

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.

Shah panel holds meeting with Tax Dept

Last Updated: Tuesday, July 7, 2015, 17:54

The high-level Justice A P Shah panel, set up to look into the levy of MAT on FIIs today held consultations with officials of the tax department.

Govt rejects Cairn's arbitration on tax dispute

Last Updated: Sunday, June 28, 2015, 11:28

The government has rejected Cairn Energy UK's plea for an arbitration over Rs 10,247-crore tax dispute saying taxation is not covered under the UK-India Investment Promotion and Protection Treaty.

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.