Latest News on Ids
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Ids - Total results - 25
Jan 07, 2019
Direct tax mop up rises 14.1% to Rs 8.74 lakh cr during Apr-Dec 2018; net collections increase by 13.6% to Rs 7.43 lakh crThe gross collections for corporate tax is 14.8 per cent while that for personal income tax is 17.2 percent.
Jun 01, 2017
Black money: Response to PMGKY 'not so good', only Rs 5,000 cr declared, says govtThe scheme was launched in December last year to enable people with black money to come clean by paying tax and penalty of 50 percent
Feb 01, 2017
Budget 2017: Arun Jaitley should put more money in the hands of consumer to boost spendingWith the announcement of 1 July as the new date for implementation of GST, it is likely that the indirect tax proposals in the Union Budget 2017 will be a precursor of sorts to GST.
Jan 23, 2017
Budget may increase income tax exemption limit to Rs 3 lakh from Rs 2.5 lakh, says SBI reportAccording to SBI's research report Ecowrap, the upcoming budget is likely to see an increase in personal income tax exemption limit, increase in section 80C exemption limit, interest exemption on housing loan and and at least reducing (if not abolishing) the lock in period for bank fixed deposits
Jan 18, 2017
Foreign a/c, property, bullion can't be disclosed under PMGKYUnder the Pradhan Mantri Garib Kalyan Yojana, undisclosed income deposited in any bank or post office account can be declared by paying 50 percent of it in taxes and surcharges.
Dec 21, 2016
Blackmoney: IDS disclosure figures to be revised lower to Rs 55,000 crHyderabad-based realtor and his associates have defaulted on tax payments after declaring more than Rs 10,000 crore unaccounted income
Dec 07, 2016
PAN cards of Mumbai-based family which declared Rs 2 lakh-cr income may have been misusedOfficials at the income tax department believe that the PAN card details of the four members of a family in Mumbai which made a declaration of Rs 2 lakh crore under the Income Disclosure Scheme (IDS) might have been misused.
Dec 04, 2016
I-T dept rejects fake disclosure of Rs 2 lakh crore under IDS by Mumbai familyThe Income Tax department on Monday rejected another fake disclosure totalling Rs 2 lakh crores, by a Mumbai-based family of four, ANI tweeted on Sunday.
Nov 26, 2016
Note ban: 50% tax, 4-year lock-in period for unaccounted deposits up to Dec 30 on the cardsA higher 90 percent tax and penalty could be imposed if assessees do not declare the unaccounted cash voluntarily
Oct 04, 2016
Undisclosed income now at over Rs 71,000 crore under IDS, says ICAIThe number of assesses who disclosed their assets under the scheme is more than 64,000, says ICAI