US stock market crashes today. Investors are asking what’s happening with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite. ...

Whether it is cash, gold, car, or even a property, if gifted to the bride or the groom on their wedding, no tax would be levied on the gift...

The Delhi High Court has upheld a trial court's decision on arms consultant Sanjay Bhandari, who is officially a fugitive economic offender...

What is more, the budget also proposes to allow refund of excess money paid under this scheme for a 'class of persons' to be notified later...

The government has offered the carrot – the least tax option of the Garib Kalyan Yojana – and shown the stick: the hiked tax and penalties.

"In view of the above (comparative data), it can be inferred that IDS, 2016 has been a major success vis-a-vis VDIS, 1997," he said.

This rate would only be applicable for large cash deposits in bank accounts or huge expenses incurred in cash since November 8, when old cu...

Tax professionals are charging 5% to 25% to suggest strategies that can convert unaccounted cash into legitimate money. Here are some of th...

Rani Singh Nair today held a meeting with the regional I-T department chiefs where, sources said, the strategy and progress of the last mil...

A total of 64,275 disclosures were made from which Rs 65,250 crore was declared under Income Declaration Scheme.

As with the earlier scheme for declaration of overseas assets, officials expect major declarations in the last few hours, making estimates ...

CBDT has asked tax sleuths to ask such declarants to attach a separate application in the Income Declaration Scheme form for allotment of a...

During the first four months of this fiscal, at least 145 income-tax (I-T) raids have been conducted and more than Rs 245 crore unaccounted...

Tax experts reckon the government may have to allow declarants the flexibility to deposit cash in banks for a limited period to facilitate ...

Finance minister Arun Jaitley in his budget had announced a four-month window to come clean by paying 30% tax plus a penalty of 7.5% and a ...

The rush of black money declarants peaked at the Income Tax office here as the deadline for disclosure of wealth stashed abroad expired ton...

If anyone makes an incorrect declaration, then the entire declaration will be treated as null, and the tax and penalty paid will not be ref...