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Reliance Foundation secures major win as ITAT overturns cancellation of charity registrationReliance Foundation has won a legal battle against the Income Tax authorities regarding the 'charitable' status of its Mumbai hospital. A t...- Paying tax won't legitimise cash stashesThe taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department t...
- Tax ruling can set off a game of thorns for gaming company directorsIndia's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean...
- Wake up, smell their coffee: What India needs to do to allay concerns of fleeing foreign investorsThe complexity of India's tax framework is causing hesitation among foreign investors, with recent capital outflows underscoring this issue...
- Sebi offers a way over FPI tax rule hurdleIn a bid to streamline tax compliance, India's markets regulator Sebi is actively negotiating with the CBDT, the country’s tax authority. T...
- GST fault line: Supreme Court to rule if taxman can bundle years into one sweeping show-cause noticeThe Supreme Court is set to decide if tax authorities can issue a single show-cause notice for multiple financial years. This procedural is...
- Foreign betting sites pull a prank on taxmanOffshore gaming firms found a way to use the site name cgstahmedabadzone.gov.in to create additional, fake pages, complete with sub-links t...
- Apple CEO Tim Cook steps down; HCLTech Q4 reportAfter 15 years at the helm of Apple, Tim Cook will step down to make way for insider John Ternus. This and more in today's ETtech Top 5.
- SEBI seeks CBDT clarity on tax role of authorised representatives of FPIsIndia's market regulator Sebi seeks clarity from the tax department on the duties of authorised representatives for foreign investors. Fund...
- 2.22 lakh appeals disposed of during last fiscal: CBDT chairmanLast fiscal year, the Income Tax Department successfully resolved an impressive 222,000 appeals, showcasing a remarkable 29% growth in effi...
- You inherited a house and old shares; here's how to legally keep the taxman away when you sell
- Taxman to reach out to 15.2 m individuals required to file ITRsIncome-tax dept to act against 15.2 million non-filers. CBDT orders outreach from April 15. Focus on bank transactions, penalties for defau...
- The taxman wants to know if Indians are taking the FPI route to mask investmentsResident Indians can only invest in FPIs whose exposure to India is less than 50% while total subscription by non-resident Indians (NRI) ca...
- Taxman questions banks for claiming tax credit on FD insurance premiumTop banks have landed in a tax tangle following the government's move to safeguard fixed deposits worth up to Rs 5 lakh of depositors. Earl...
- New compounding guidelines worries expat directors of MNC subsidiariesEarlier, cos could get away with “compounding”, wherein they would pay additional taxes to avoid legal issues.
- CBDT allows taxman to widen certain 'limited scrutiny' casesThe Central Board of Direct Taxes (CBDT), as per the directive, said it received "several" representations by field officials of the I-T De...
- Don't threaten, warn or issue show cause notice to taxpayers under Operation Clean Money, CBDT tells taxmanAsking the taxman to keep their queries "relevant and limited", CBDT has asked the Assessing Officers to keep their seniors in loop while p...
- Money Trail: 12 things to know if you have money stashed in accounts abroadThese tough posers from the taxman will make the offshore account-holders’ head spin.
- CBDT directs I-T Department to keep its offices open till midnight on September 30The taxman will undertake a midnight vigil on September 30 to receive declarations under the domestic black money window - the Income Decla...
- Taxpayers cannot be terrorised by scrutiny, says CBDT chiefThe I-T department has instructed its field offices that even when a case lands at their desk for scrutiny, the taxman's queries should be ...
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