New Delhi: Committing to fight the menace of black money, Finance Ministry today said that those who have not taken advantage of the compliance window to declare their unaccounted overseas assets and come clean will
New Delhi: Government on Thursday said it received an amount of Rs 3,770 crore from 638 declarations under the one-time black money compliance window that closed on Wednesday."638 number of declarations have been received under
New Delhi: The Finance Ministry today said the interest rate on small savings like PPF and post office deposits will be reviewed, but interest of small savers will be taken into account while doing so."It
New Delhi: With the one-time black money declaring 'compliance window' coming to an end tomorrow, the Income Tax department has asked its officials to ensure that interested entities are provided all help to make their
New Delhi: Seventh Pay Commission is ready with its recommendations on revising emoluments for nearly 48 lakh central government employees and 55 lakh pensioners, and will soon submit report to the Finance Ministry.Earlier in August,
New Delhi: The finance ministry has decided to invite suggestions from the public for 2016-17 Budget in its bid to make the exercise more broad-based.The suggestions can be posted on http://mygov.nic.in portal."The ministry of finance
New Delhi: Announcing new guidelines for the manual scrutiny of service tax returns from August 1, the finance ministry on Friday said while scrutiny and anti-evasion work will be the domain of the Central Board of
New Delhi: Finance Ministry on Tuesday dismissed some media reports on the new blackmoney law as "surmises" and asked people to address queries directly to the revenue department.Without specifying the reports, the Ministry said that
New Delhi: The government today clarified that “service charge” collected by certain restaurants and hotels is not “service tax”, which is levied at a rate of 5.6 per cent on the total bill.In a statement,
Mumbai: Government is working on a new agriculture insurance scheme that will cover all the inputs put by a farmer into his farm as also the loans taken by him, Finance Minister Arun Jaitley said
New Delhi: India is likely to sign the inter- governmental pact for the US tax compliance law FATCA on Thursday, a move that will help it fight tax evasion.Foreign Account Tax Compliance Act (FATCA) is
New Delhi: Hyderabad House, Vigyan Bhawan and Jawaharlal Nehru Bhawan have topped the Swachh Bharat Abhiyan (SBA) rating, leaving behind Rashtrapati Bhawan and South Block among the 29 government buildings in the capital that were
New Delhi : For nearly 75 percent of the 17.9 crore (nearly 180 million) households in rural India, the monthly income of the highest-earning member is less than Rs.5,000, ($83) even as close to 40
New Delhi: The Finance Ministry on Wednesday asked taxpayers to file their I-T returns for 2015-16 early to avoid the rush towards the last date of August 31.The tax department, yesterday, made fully operational its
New Delhi: Service tax will not be levied on customers dining in restaurants without air conditioning facility or central heating, the Finance Ministry has clarified.Even the restaurants that have ACs or central heating will levy
New Delhi: The Finance Ministry today came out with new three-page income tax return (ITR) forms, dropping the controversial provision for mandatory disclosure of foreign trips and dormant bank accounts, while it also extended the
New Delhi: Indian tax authorities and investigators probing black money cases have decided to hold one-to-one meetings with their overseas counterparts based in tax haven nations and other countries to "deepen" cooperation in the fight
New Delhi: Government has missed the overall revised tax collection target for both direct and indirect taxes by Rs 2,288 crore in the financial year 2014-15.“Gross Tax Collections at Rs 12,45,037 crore has shown a
New Delhi: Bettering its own financial targets, the government has contained the fiscal deficit at 4 per cent of GDP for 2014-15 at Rs 5,01,880 crore.The revenue deficit has also been confined to 2.8 per
NEW DELHI: Amid a rising number of frauds and loan defaults in banking system, the Prime Minister's Office has called a meeting of Finance Ministry officials on Thursday to firm up measures to tackle such
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