A parliamentary committee urged the revenue department to form an expert panel for resolving litigation, with 621,000 tax appeals worth ₹29...

The Income Tax Department's drive against undisclosed foreign assets has revealed ₹22,000 crore. Launched last November, it identified tax ...

Karnataka will propose a GST exemption on health and life insurance for the working and lower middle classes at the upcoming GST Council me...

The move will help the government to identify cases where the remittance was sent but was not reported by the taxpayer in their filling, th...

The number of such notices from states, seeking documents and representations as part of tax scrutiny, has increased significantly since th...

A key reason for this popularity is Sebi’s liberalised rules for FPIs that allowed structures like Segregated Portfolio Companies or SPCs. ...

If your social media posts look way out of your league judging by your I-T returns, beware.

When quizzed, the people on the office premises claimed that these documents have been lying here since almost a week.

The government is aiming to target those individuals who had deposited unaccounted cash in banks after demonetisation was announced in Nove...

The dept has used an in-house software to analyse and segregated deposits, particularly those over Rs 1 crore not matching with returns fil...

The department has accumulated a large data on deposits made in banks after the government banned old Rs 500 and Rs 1000 notes on November ...

About 1.5 lakh people have deposited more than Rs 10 lakh each and there have been suspicious cash deposits in 1 cr A/Cs belonging to 75 la...

A new e-platform put in place by Central Board of Direct Taxes will be used to reach out to these account holders who will have to file the...

However, MoS Finance Arjun Ram Meghwal said that interest rates will definitely come down which means less earnings on savings

While the govt has used big data analytical tools for corporate tax reporting in the past, this is the first time that it will use it on su...

Although the declarations relate to non-tax-paid assets or income, the payments are not under the income tax law. This is the reason a new ...

The government will sift through the financial data filed by companies with the Registrar of Companies to get a better picture of their inv...