The Income Tax Department has prescribed 7 types of ITR forms, whose applicability will depend on the nature and amount of income and the type of taxpayer.
Under the GST, a four-rate structure that exempts or imposes a low rate of tax of 5 per cent on essential items and a top rate of 28 per cent on cars is levied. The other slabs of tax are 12 and 18 per cent.
Revenue Secretary Tarun Bajaj on Friday said the economy has not suffered as much this year amid the second wave of COVID-19 as compared to last year when there was complete lockdown.
Revenue Secretary A B P Pandey was on Tuesday designated as the Finance Secretary, according to a Personnel Ministry order.
Union Revenue Secretary, Ajay Bhushan Pandey informed that Indians who are not paying taxes abroad will have to pay taxes in India.
Srivastava, head of Indian Revenue Service (Customs and Central Excise) Officers Association, said the allegations of corruption levelled against him are wrong and that he has already been acquitted by courts that heard these matters.
The government on Monday designated Revenue Secretary Hasmukh Adhia as the Finance Secretary. Adhia was appointed as Revenue Secretary in the Ministry of Finance in September 2015.
With the new GST regime firmly entrenched, a complete overhaul of the tax rates is now required to reduce the burden on small and medium businesses, revenue secretary Hasmukh Adhia has said.
New Delhi: Under the new law on black money, banks and other financial institutions will also face action if they are found to have abetted stashing of illicit wealth, along with the action against the
New Delhi: The government will give a one-time ‘short window' to holders of blackmoney abroad to declare their wealth, pay taxes and penalty and escape prosecution under the proposed stringent law to deal with the
New Delhi: As negotiations with states on Goods and Services Tax (GST) enter a critical stage, the Centre is looking forward to implementation of the new indirect tax regime from April 1, 2016."The deadline for
New Delhi: Amid industry apprehensions, Revenue Secretary Shaktikanta Das on Saturday said the government would shortly take a view on whether controversial tax law GAAR should be implemented from the scheduled date of April, 2015."It
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