FM to inaugurate annual conference of top I-T officials on Monday

Last Updated: Saturday, May 23, 2015, 21:21

Finance Minister Arun Jaitley will inaugurate the 31st annual conference of top Income Tax (I-T) commissioners here on Monday.

CBDT effects changes; Chairperson divests investigation charge

Last Updated: Tuesday, May 19, 2015, 19:38

The CBDT has effected an in-house change of charges with Chairperson Anita Kapur divesting the additional charge of investigations to another Member in the board.

India ignored warnings on foreign investor tax row: Sources

Last Updated: Tuesday, May 19, 2015, 12:05

The Finance Ministry could have sidestepped a damaging multibillion-dollar tax row with foreign investors if it had acted on regular warning letters that officials had been sending since as long ago as September.

New ITR forms to be far more simplified: FM Jaitley

Last Updated: Saturday, May 16, 2015, 16:18

The controversial new income tax return forms, which had been put on hold, will be "far more simplified", Finance Minister Arun Jaitley said Saturday, but kept the suspense on if the requirement of disclosing all bank accounts and foreign travels will be retained.

New ITR forms to be far more simplified: FM Jaitley

Last Updated: Saturday, May 16, 2015, 15:50

The new income tax return (ITR) forms will be far more simplified, Finance Minister Arun Jaitley said on Saturday.

Black money: Compliance window in the next 2-3 weeks

Last Updated: Thursday, May 14, 2015, 17:37

Under the new law, persons having unaccounted wealth will be given an opportunity through a compliance window to come clean by declaring their assets and pay penalty and tax of 60 percent.

CBDT paid Rs 42,903 cr interest on tax refunds: CAG

Last Updated: Tuesday, May 12, 2015, 16:39

The tax department has incurred an expenditure of Rs 42,903 crore on interest payments on refunds during the 6-year period ended 2013-14 without approval of Parliament, official auditor CAG said on Tuesday.

Drug makers' tax benefit claim on freebies, gifts unlawful: CAG

Last Updated: Sunday, May 10, 2015, 14:36

Slamming the practice of pharma companies offering freebies and gifts to doctors, government auditor CAG said that drug makers have claimed tax benefits on such expenses despite these being prohibited by law.

Plan to expeditiously provide PAN cards to all

Last Updated: Sunday, May 10, 2015, 12:46

Special camps will be organised throughout the country, including rural areas, to help people get PAN cards.

After Modi prod, I-T dept looks to redress taxpayer grievances on priority

Last Updated: Sunday, May 10, 2015, 10:20

Modi has taken up the PRAGATI programme in order to ensure better service delivery by government departments.

Govt to study HC stay order on MAT levy on FIIs

Last Updated: Tuesday, May 5, 2015, 22:33

With a foreign fund house getting a court stay on the controversial MAT levy, the tax department Tuesday said it will study the Bombay High Court order before taking a view on the matter.