Government sets up tax reform commission

Last Updated: Monday, August 26, 2013, 16:41

The “Tax Administration Reform Commission” has been asked to submit its report and recommendations within 18 months, the finance ministry said in a statement.

Govt nod to set up Tax Administration Reform Commission

Last Updated: Wednesday, August 14, 2013, 00:25

Government Tuesday approved setting up of a Tax Administration Reform Commission (TARC) to remove ambiguity and establish a stable and non-adversarial tax administration.

Par panel for early revision of Indo-Mauritius tax treaty

Last Updated: Tuesday, August 13, 2013, 23:52

Concerned over delay in conclusion of revised tax treaty with Mauritius, a Parliamentary Panel Tuesday said the Finance Ministry should vigorously pursue the matter in coordination with External Affairs Ministry.

Every district to have I-T office by 2013

Last Updated: Monday, July 15, 2013, 19:23

Every district in the country will have at least one Income Tax office once the ambitious cadre restructuring of the department is implemented by the end of this year.

Taxpayers to get unique number for complaints

Last Updated: Sunday, July 7, 2013, 16:02

Taxpayers having grievances regarding their I-T refunds and tax computations will now get a unique acknowledgement number with an assurance that their complaint will be resolved within two months time.

I-T reminders on way to 12L assessees for not filing returns

Last Updated: Thursday, June 27, 2013, 18:57

Tightening its noose on those who do not pay taxes, the Income Tax Department has started sending letters around 12 lakh assessees who are high spenders but do not file returns, a top finance ministry official said.

Online taxpayers may not need to send papers to CPC in B'lore

Last Updated: Friday, June 21, 2013, 19:34

Millions of taxpayers filing returns online may no longer have to send paper documents to the central processing unit here, with CBDT proposing to introduce electronic verification for such filings, a top official said.

Indirect tax collection up 3.8% in April-May

Last Updated: Monday, June 17, 2013, 17:55

Indirect tax collection in April- May, the first two months of the 2013-14 fiscal, grew by a meagre 3.8 percent to Rs 71,379 crore.

I-T dept to take action against officer who 'leaked' info

Last Updated: Friday, June 14, 2013, 00:02

The Income Tax department would initiate action against one of its officers who allegedly intimated the Managing Director of Riddhi Siddhi Bullion Ltd about searches conducted at his premises.

Fin Min detects tax evasion of over Rs 4,500 cr

Last Updated: Sunday, June 9, 2013, 13:12

Increased efforts to check revenue leakage by the Finance Ministry have resulted in detection of over Rs 4,500 crore in service tax, excise and customs duty evasion during last year.

'Rs 26,000 cr tax loss due to counterfeiting, smuggling in 2012'

Last Updated: Wednesday, June 5, 2013, 21:44

Counterfeiting, smuggling and tax evasion has led to the government suffering an estimated tax loss of a whopping Rs 26,190 crore in 2012 in the seven key industry sectors, including auto components and FMCG, a study by industry body Ficci has said.