The govt is broadening its tax base by implementing a 1% TCS on luxury items exceeding Rs 10 lakh, effective immediately. This initiative t...

A recent research paper reveals a significant inverse relationship between wealth and reported income in India, particularly among wealthie...

Rich Indians' tax: A recent study reveals a concerning trend in India: the wealthiest individuals report significantly lower incomes relati...

The share of income ethnic Indians in the US send back to their folks in India is less than 15%. If this broad indicator is applied worldwi...

“Apart from the large ecommerce companies, we are closely monitoring the shops on Instagram and Facebook and have detected evasion to the t...

Till late evening, the search operation was still on and the IT department team may continue its searches for one more day, the official sa...

The income-tax department has sent notices to 15 such influencers, who had flaunted their overseas holidays and luxury shopping, for paying...

The BJP said on Wednesday the BBC or any other organisation cannot hide their "economic offences" under the garb of freedom of expression. ...

To find a way around, governments usually announce an "income-tax amnesty scheme" whereby tax defaulters are given the opportunity to decla...

The SBI report comes amidst a debate over underreporting of COVID deaths in the country especially after happenings like bodies floating in...

Tax on buyback of listed cos to 2% TDS on withdrawal of over Rs 1 cr, here's what India Inc must know.

It is still unclear whether the government would use this data to dig out tax evasions of the earlier years or whether this will only be fo...

COAI has prepared a list of demands to be submitted to the finance minister ahead of the budget preparation. ET has seen a copy of the list...

Till this basic reform is done, it would be impossible to raise India’s ranking in ease-of-doing-business surveys or end crony capitalism.

Transfer pricing rules are meant to prevent MNCs from shifting income — accrued through value addition in products and services.

An NIPFP study pegged black money in 1983-84 between Rs 32,000 crore and Rs 37,000 crore (which is 19% and 21% of GDP).

He said the more you tax the services, the more liable you are for underreporting in service economy.