"IMF has hailed India as a bright spot. Let us look at our achievements compared to the last three years of the last government. We inherit...

In the last two years, the department has worked to adopt a nonadversarial tax regime through initiatives like e-fling, e-transfer of refun...

Over 40 lakh new assessees have been brought within the tax net over the last year and their number is increasing every day, CBDT has said.

While there are no changes in the tax slabs, the much expected tax on the rich has come in by way of an increase in the surcharge from 12% ...

Jaitley presented his third budget which took on the fiscal and physical health of the nation by setting the fiscal deficit target at 3.5% ...

While this may be an annual exercise one must also step back and carefully analyse a few emerging trends in the tax arena and assess how th...

Many emerging trends are visible in the tax arena

The new directive comes at a time when Finance Minister Arun Jaitley unveiled two taxpayer-friendly initiatives of the department yesterday.

The government has set up a committee under a former Delhi High Court judge to review the income tax law and identify clauses that lead to ...

Finance Minister Arun Jaitley will tomorrow launch eSahyog and Pan camps, initiatives of the Income Tax Department to improve services.