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Gold deposits

Interest on gold deposits may be exempt from tax

Gold monetisation scheme favours allowing banks to use deposits as reserves

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Simplified I-T return forms likely by month end

11 May 2015

New form also likely to relax requirement of reporting details of every foreign travel undertaken

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I-T dept collects Rs 6.96 lakh cr revenue during 2014-15

03 May 2015

Government collected over Rs 6,96,200 crore revenue under the direct taxes kitty in the just concluded financial year 2014-15, ...

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Check your new I-T assessment range before filing returns

22 Apr 2015

With income tax returns filing season commencing soon, taxpayers have been advised to re-check their new assessment ranges as the ...

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Centre to withdraw contentious clauses from new I-T returns forms

21 Apr 2015

Govt might amend the details required for disclosure of foreign travel, passport copy and expenses incurred

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Now, you don't need to post paper acknowledgement of I-T returns

18 Apr 2015

CBDT has launched a new Aadhaar-based electronic verification code to authenticate this document

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Now, mobile app for IT returns from MyITreturn

03 Apr 2015

India's leading e-filing platform myITreturn.com today launched the MyITreturn mobile app

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I-T to closely scrutinise foreign assets held by Indians

22 Mar 2015

The Income Tax department will carry out closer scrutiny of those tax statements wherein an assessee has disclosed that he or she ...

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Your personal income tax rate won't go down soon

03 Mar 2015

Revenue Secretary Shaktikanta Das says: 'The peak rate of 30% is very reasonable rate even in international standard'

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Super rich senior citizens to take biggest hit

01 Mar 2015

Individuals with an annual income of above Rs 10 lakh but below Rs one crore have emerged as the biggest beneficiaries of the new ...

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Surcharge of 2% on super-rich replaces wealth tax

01 Mar 2015

The government has abolished wealth tax and instead the finance minister has brought in a surcharge of 2% on the super-rich with ...

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Minor relief for middle class

01 Mar 2015

For the middle class, the Budget did not have much to offer. According to experts, the government might have decided to leave ...

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Budget may bring good news for salaried class

24 Feb 2015

Union finance minister has already said he's 'in favour of taxing low income groups'

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FM may dole out tax sops in Budget to win over middle class

22 Feb 2015

Finance Minister is also expected to unveil initiatives to boost investments and promote manufacturing as part of the Make In ...

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I-T dept to pursue criminal proceedings against tax evaders

12 Feb 2015

Adopting an aggressive approach against cases of tax evasion the Income Tax today stated that it would be launching criminal ...

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You could be accumulating black money unknowingly

28 Jan 2015

Despite being a regular taxpayer, there are chances that you could be accumulating black money at home unknowingly. And you won't ...

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Unions demand hike in I-T exemption ceiling to Rs 5 lakh

17 Jan 2015

Finance Minister assures trade unions that govt will not go for privatising Railways and Coal India

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Don't harass taxpayers on pretext of scrutiny: CBDT to I-T

28 Sep 2014

Taking a stern view of the undue "harassment" of taxpayers during scrutiny of their cases, the CBDT has issued orders asking the ...

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Advance ruling facility to resident tax payers: CBDT chairman

22 Aug 2014

The income tax department will extend the advance ruling facility to the resident tax payers from the current year, K V Chowdary, ...

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