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Income tax - Total results - 656
Feb 23, 2017
Tax collected at source: Why targeting cash transactions will not end the black money menanceThe lasting solution to the vexed problem lies in discouraging cash itself by going digital at least for large transactions but that is a long haul
Feb 22, 2017
Govt must review tax on cash deals over Rs 2 lakh: AssochamThe industry body urged for abundant caution on the part of tax authorities so that no negative signals are sent to industry and consumers.
Feb 20, 2017
Rs 7,76,916 cr tax hole in govt’s books: Who is at fault — taxman or taxpayer?The widening gap in the unrealised tax revenue numbers should be a wake-up call for the government to urgently bring about mechanisms to engage with the taxpayer, resolve the disputes and encourage them pay their dues to the state
Feb 20, 2017
If you buy jewellery over Rs 2 lakh in cash, you will have to pay 1% tax at sourceWith this move, the TCS threshold for jewellery will be brought at par with that of bullion from April 1.
Feb 17, 2017
You've got mail from IT dept. If you've put more cash in bank than limit, check your PAN accountIt is also a quiet nudge to the crooks to participate in the ongoing Pradhan Mantri Garib Kalyan Yojana (PMGKY) under which those who have deposited their ill-gotten demonetized notes can get away by paying a 50 percent tax and parking 25 percent of their deposits in a four-year non-interest earning deposit account.
Feb 15, 2017
Get PAN within minutes, pay taxes via mobile app soonThe income tax department is also working on a project to issue PAN to assessees within minutes by way of e-KYC authentication using Aadhaar
Feb 14, 2017
I-T department issues 1.62 cr refunds worth Rs 1.42 lakh cr; 41.5% higher than last yearAs many as 4.01 crore ITRs were e-filed till February 10, 2017, an increase of 20 percent over the previous year.
Feb 14, 2017
Sasikala case verdict: Will Jayalalithaa's Poes Garden property come under hammer to pay Rs 100 cr fine?It is well possible that the Poes Garden residence of the late chief minister Jayalalithaa may come under the auctioneer’s hammer assuming liquid and other assets of her estate are not enough to muster the Rs 100 crore fine.
Feb 10, 2017
Indirect tax revenue grows 24% in Apr-Jan; direct tax up 10.79%Belying fears of slowdown due to demonetisation, indirect tax collection grew at a decent 16.9 percent in January buoyed mainly by excise, reflecting an uptick in manufacturing.
Feb 09, 2017
Income tax raid: Rs 100 cr unearthed from Kota-based coaching instituteKota: Income Tax officials have unearthed an undisclosed amount of Rs 100 crore after raids at 40 centres of a Kota-based coaching institute which had started on February 2, 2017 following a complaint of tax evasion.