Around 53 percent of the taxpayers interviewed in the KPMG's pre-budget survey felt that there will not be any major announcement on direct taxes. Around 27 percent said that there will be major changes, while 20 percent were not sure of any eventuality, the report showed.
The proposal will be vetted by the Finance Ministry and sent for final approval to the Prime Ministers Office (PMO) before it is cleared by the Union cabinet.
The government on Monday asked businesses to file final GST returns for the month of July by tomorrow as it ruled out any extension to the due date.
Just a month into the new tax regime, the number of registrations under the Goods and Services Tax (GST) crossed the 10 lakh mark on Saturday
A large proportion of taxpayers filed their returns manually, via snail mail, rather than getting an Aadhaar card. Several others filed their returns online early, before June 30, when the Aadhaar linkage was not compulsory
Amending income tax rules and notifying the same, the government has made quoting of the 12-digit biometric Aadhaar or the enrolment ID a must at the time of application of permanent account number (PAN)
The Income Tax department has identified at least one lakh “high-risk individuals” with more than Rs 1.72 lakh crore deposits in their bank accounts
The Reserve Bank of India (RBI) on Monday issued an advisory asking taxpayers to pay their dues well on time to avoid last-minute rush.
Arvind Panagariya, vice chairperson of Niti Aayog, is learnt to have written to the Prime Minister’s Office stressing on the need to specify rules to ensure that people, especially women, are not made to suffer for having deposited old notes
Taking forward the government's initiative to effectively block subsidised cooking gas to higher income groups, the Income Tax department will soon begin sharing personal data--like PAN, residential address and mobile number--of a taxpayer earning ov
New Delhi: In a first of its kind exercise, Income Tax sleuths in the country will get lessons on adopting a more friendly approach towards taxpayers from none other than Prime Minister Narendra Modi. Under
New Delhi: Taxpayers account for just about one per cent of India’s population, but tax outgo was over Rs. 1 crore for as many as 5,430 individuals, as per the latest data disclosed by the
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: 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
NEW DELHI: With income tax returns filing season commencing soon, taxpayers have been advised to re-check their new assessment ranges as the I-T department has carried out a large-scale restructuring and jurisdictional change of its
New Delhi: Finance Minister Arun Jaitley in his Budget Speech in Lok Sabha today proposed rationalization of various tax exemptions and measures to improve tax administration.He said the government has provided medium term guidance wherein
Bangalore: A 30-member Karnataka legislators delegation is heading for the Amazon rain forests in January to apparently understand its flora and fauna. This study tour will cost the state exchequer Rs 2.25 crore.The study tour
New Delhi, Apr 11: The government has decided to issue biometric PAN cards to taxpayers across the country to weed out the problem of duplicate and fake ones.The decision was taken recently by the Finance
New Delhi, Feb 28: Finance Minister Pranab Mukherjee has given a saving of Rs 2,060 per annum to male income tax payers by raising the exemption limit from Rs 1.60 lakh to Rs 1.80 lakh.For
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