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No tax on ancestral jewellery, purchase from disclosed income

gold      New Delhi : Amendments to the I-T laws do not seek to tax inherited gold and jewellery as also those items that are purchased through disclosed or agriculture [...]

December 1st, 2016 | Posted in Highlights,Nation | Read More »

Govt may extend tax payment deadline for black money scheme

money indian      New Delhi : The government may extend the deadline for payment of tax on black money disclosed during the one-time compliance window and has accepted the industry request [...]

July 7th, 2016 | Posted in Highlights,Nation,Topnews | Read More »

Govt collects Rs 3,770 cr from over 600 stash holders

Black moneyNew Delhi : Government today said it received an amount of Rs 3,770 crore from 638 declarations under the one-time black money compliance window that closed yesterday. “638 number of [...]

October 1st, 2015 | Posted in Highlights,Nation | Read More »

Government notifies rules for asset valuation under black money law

Black moneyNew Delhi: Government has notified the rules for calculating overseas income and assets under the stringent foreign black money law that came into force on July 1. The value of [...]

July 3rd, 2015 | Posted in Highlights,Nation,Topnews | Read More »

I-T dept publishes names of big tax defaulters

Income-Tax-Department_thumbNew Delhi: The Income Tax department today took to the strategy of ‘naming and shaming’ of some large tax defaulters as it published names of 18 entities who owe over [...]

March 31st, 2015 | Posted in Business | Read More »

Undisclosed income of Rs 90,000-cr detected in 2013-14

TaxHyderabad: Undisclosed income to the tune of Rs 90,000 crore was detected during 2013-14 in various searches and surveys conducted by the Income Tax department, a top official from the [...]

August 22nd, 2014 | Posted in Business | Read More »

EC seeks cancellation of tax benefits to 10 political parties

Election-Commission-Of-IndiaThe Election Commission (EC) has sought withdrawal of tax exemption benefits to ten political parties from the CBDT on the grounds [...]

April 20th, 2014 | Posted in 16th Lok Sabha Elections,Nation,Topnews | Read More »

CBDT extends deadline for sending ITR-V by post

CashTaxpayers who filed their I-T returns electronically and are seeking refunds, the CBDT has extended the deadline for filing a fresh ITR-V to March 31 [...]

February 11th, 2014 | Posted in Business,Nation | Read More »

New PAN cards issued by Income Tax department

Pan CardNew PAN cards issued by the Income Tax department will cost Rs 105, including taxes. [...]

January 28th, 2014 | Posted in Nation,Topnews | Read More »