Announcing a budget aimed at high growth finance minister Arun Jaitley delivered his first full-year budget with proposals to boost investment and benefits to ordinary people. "
In pursuit of black money, the government is hauling up ordinary tax payers and seeking additional details in the new income tax return (ITR) form for assessment year 2015-16. This will be applicab
The black money bill is likely to be taken up for consideration in the Lok Sabha on Monday. The legislation, known officially Undisclosed Foreign Income and Assets Bill, provides for heavy penaltie
Income tax return or ITR forms will be "far more simplified" assured Finance Minister Arun Jaitley on Saturday. However, there was clarity on the disclosure of bank accounts and f
Finance Minister Arun Jaitley has assured that the honest taxpayers have nothing to fear about the new black money law. Addressing the annual conference of top income tax officials o
A chastened government has introduced simplified and shorter income tax return forms after dumping intrusively long ITRs. The government has also extended the last date for filing of returns by a m
With PAN (permanent account number) as reference the Central Board of Direct Taxes (CBDT) is devising a single-window financial information database of taxpayers to profile their source of income a
After being forced to revise income-tax returns forms, finance minister Arun Jaitley may also revise the draft of Indian financial code (IFC) which proposes to dilute powers of the RBI governor in
The Arvind Kejriwal government has invited Pakistani singer Ghulam Ali to perform in the national capital after his concert in Mumbai was cancelled due to Shiv Sena protests, saying "music has
The Film and Television Institute of India (FTII) students on Wednesday decided to call off their 139-day-old strike saying their protest will continue till the issue of appointment of Gajendra Cha
Dr Sri Vatsa Sehra cracked the civil services examinations, considered one of the world’s toughest, and did the unthinkable by deciding against joining the much sought after Indian Admini
How is the response to the IDS? The response has been good. A number of declarations have come and there have been a large number of inquiries too.
Black money is essentially a popular name for black economy. By now it has ‘evolved’ into a grey, that is an indistinguishable mixture of black (i.e., illegal-immoral) and white (i.e.,
What do the income disclosure or amnesty schemes reflect on the government? What it suggests is that the government under the normal schemes is not able to take care
At a time when the government is trying to shore up its revenues so that it can carry on its ambitious projects, a key sector that has been left out of taxation is agricultural income. Policy maker
Do you think demonetization will help weed out black money? It is too early to say. Only when the final results are in by December 31, we will know if black money has bee
Income Tax officials will be poring through the contents of a pen drive which they have taken during Wednesday’s raid at the office of Tamil Nadu chief secretary Rammohan Rao.
Direct tax and indirect tax collection figures for the period April 2016 to December 2016 have shown a positive trend as direct taxes grew by 12.01% and indirect taxes went up by 25% over the corre
The growth rate of direct as well as indirect taxes have gone up, revenue secretary Hasmukh Adhia said on Tuesday. Adhia said that net personal income tax growth was at 21% over last year
Justice Dalveer Bhandari, who has again been elected to the International Court of Justice, had once made some very practical suggestions on income tax reforms. In his
Justice Dalveer Bhandari, who has again been elected to the International Court of Justice, had once made some very practical suggestions on income tax reforms. In his
The pre-budget days are here again and there cannot be a better time than this to once again seek an end to personal income tax. Ending taxes on personal income will be
A senior income tax officer has been suspended for allegedly demanding “illegal gratification” from a taxpayer, authorities said. A complaint was received a
There has been persistent and pervasive irregularities in respect of corporation tax and income tax assessments cases over the years, noted a CAG report. The report said that recurre
Provisional attachment has been made by the Income Tax department in more than 900 cases of properties under the Prohibition of Benami Property Transactions Act, which came into force November 1, 2
Budget 2018, forecast to be a “please all” budget, has come out as a “disappoint all” budget. The public is looking askance at a budget that gives with one hand but takes aw
Before Narendra Modi replied with the now-famous greeting of “Puducherry ko Vanakkam”, a BJP worker was telling him in a party-organised video conference that the government was “
Prime minister Narendra Modi on Thursday launched a platform for “Transparent Taxation - Honouring the Honest” through video conferencing. Addressing trade and industry b
Vote For Pant: But, Don’t By Sorabh Pant Rupa Publications, 200 pages, Rs 295 Do not vote for comedian Sorabh Pant. He is irrelevan
With the return of the NDA to power in the recently concluded Lok Sabha elections, all eyes are now on finance minister Nirmala Sitharaman’s full budget for the FY 2024-25. The interim budget
SUMMARY OF THE UNION BUDGET 2024-2025 Key points INDIA’S INFLATION CONTINUES TO BE LOW, STABLE AND MOVING TOWARDS THE 4
Several attractive benefits to provide tax relief to salaried individuals and pensioners opting for the new tax regime were announced by finance minister Nirmala Sitharaman while presenting the Uni
Union minister of finance and corporate affairs Nirmala Sitharaman presented the Union Budget 2025-26 in Parliament on Saturday. Here is the summary of her budget speech, Part A: Quo
Here are the key highlights of the proposal of the Union Budget presented in parliament by finance minister Nirmala Sitharaman on Satuday: NO INCOME TAX ON AVERAGE MONTHLY I
Reaffirming the government’s commitment to the philosophy of “trust first, scrutinize later”, the Union Budget 2025-26 has reposed faith in the middle class and continued the tren