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India tax
India tax News
Google
31 Jul 2019
Google, Facebook, Twitter and other digital cos likely to come under tax net
These digital companies purportedly pay very less tax to the Indian government despite earning high revenues and profits by offering online advertising to Indian customers.
India tax
25 Jun 2019
Number of e-filing of ITR increase 18.65% in AY 2018-19
The number of e-Returns submitted for Assessment Year 2018-19 is 6,49,39,586 as against 5,47,30,304 e-Returns filed for the Assessment Year 2017-18.
India tax
24 Jun 2019
I-T dept issued Rs 64,700-cr refund between Apr 1-Jun 18, 2019: Sitharaman
In a written reply to a question in the Lok Sabha, she said over 6.49 crore electronic returns were submitted for assessment year 2018-19 (financial year 2017-18), up 18.65 per cent from over 5.47 crore in assessment year 2017-18.
Direct tax mop up
08 Jan 2019
Direct tax mop up rises 14.1% to Rs 8.74 lakh cr in Apr-Dec 2018
As much as Rs 3.64 lakh crore has been collected as advance tax, which is 14.5 percent higher than the advance tax collections during the same period last year.
CBDT
17 Oct 2016
CBDT tells officers to submit data of appeals disposed of every month
To fast-track disposal of tax cases, CBDT has started reviewing performance of its officers and asked commissioners to submit data on number of appeals they have disposed of every month against the given target.
Cairn UK
15 Mar 2016
I-T Dept slaps Rs 29,000 crore tax demand notice on Cairn Energy
It is the second firm to have received retrospective tax notice this year after Vodafone Group.
India tax
02 Mar 2016
Govt has taken 'one step forward' on retro tax issue: Jaitley
The government has taken "one step forward" to resolve the retrospective tax cases by putting in place a statutory mechanism for ending such disputes, Finance Minister Arun Jaitley said on Wednesday.
Income Tax department
18 Jan 2016
IT Dept processes 3.27 cr returns during April-December
Income Tax Department has processed 3.27 crore returns and has issued refunds in 1.81 crore cases.
India tax
03 Dec 2015
India in talks with Mauritius on tax treaty issues
Reserve Bank Governor
19 Oct 2015
Let's make taxation more transparent, investor-friendly: Rajan
Raghuram Rajan on Monday underlined the need to make taxation more transparent so that the Indian economy is able to attract stable inflow of foreign capital for strong growth.
Taxation
17 Sep 2015
India plans to address some pending tax disputes within days: Jaitley
India plans to address some pending tax disputes in the next few days, Finance Minister Arun Jaitley said on Thursday, but did not give details or say whether the cases in question included disputes with foreign companies that have spooked investors.
Indirect tax
11 Jul 2015
Indirect tax collections pace up, grow 37.5% in April-June
IIP data showed that the growth in factory output in the first two months of the fiscal was 3 percent as against 4.6 percent in April-May of 2014-15.
Income Tax
09 Jul 2015
I-T Dept eyes Rs 2.56 lakh crore tax mop up from Mumbai in FY16
The Income Tax department is looking at collecting tax worth Rs 2,56,000 crore from the Mumbai zone during this fiscal, which is 13 percent more than the amount mopped up last year.
A P Shah panel
07 Jul 2015
Shah panel holds meeting with Tax Dept
The high-level Justice A P Shah panel, set up to look into the levy of MAT on FIIs today held consultations with officials of the tax department.
Finance Ministry
01 Jul 2015
FinMin asks taxpayers to e-file I-T returns early
The Finance Ministry today asked taxpayers to file their I-T returns for 2015-16 early to avoid the rush towards the last date of August 31.
India taxpayers
24 Jun 2015
No taxman can terrorise assesses of scrutiny: CBDT chief
Seeking to allay concerns of taxpayers, CBDT has asked them not to get terrorised by threats of their cases being wilfully chosen for "scrutiny" by the taxman as the procedure is fully electronic and devoid of any human intervention.
Online Payment
23 Jun 2015
Govt proposes tax benefits for card payments
The government also proposed to make it mandatory to settle high value transactions of more than Rs 1 lakh through electronic mode.
Arun Jaitley
19 Jun 2015
Compliance window under black money law soon: Jaitley
Finance Minister Arun Jaitley on Friday said the government will soon come out with the compliance window under the black money law for persons having illegal money stashed abroad to pay tax and penalty and come clean.
direct tax collection
25 May 2015
Direct Tax target of Rs 7.98 lakh cr for FY'16 achievable: Das
The Direct Tax collection target of Rs 7.98 lakh crore for the current financial year is likely to be met on account of improvement in economic growth, government said on Monday.
Indirect tax
12 May 2015
Indirect tax collections up 46.2% in April
Led by over two-fold surge in excise duty collections, indirect tax revenue jumped 46.2 percent to Rs 47,747 crore in April this year compared to the same month last year.
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