Page 2 - Tax Compliance

The stampede from Silicon Valley

Regulatory burden is pushing big firms out of California

Four years on

Even with hindsight, hard to say demonetisation was a success

4 years on, PM Narendra Modi says demonetisation demolished corruption

On November 8, 2016, Modi announced the decision to ban all currency notes of denomination of 500 and 1,000 from midnight

I-T dept undergoes overhaul to implement faceless assessment scheme

3,500 posts of assessment officers diverted to other centres; officers flag transitional challenges in implementing scheme

Govt modifies e-assessment scheme after PM unveils Taxpayers' Charter

The nomenclature of the scheme has now been changed to "Faceless Assessment Scheme" from the existing "E-assessment Scheme"

Faceless tax scrutiny will ease compliance burden, increase fairness: FM

In a series of tweets, the Finance Ministry said the I-T department has taken up several reforms to make tax compliance easier for taxpayers

Foreign investors get tax compliance relief for AIF investment in IFSC

AIF refers to any fund established or incorporated in India which is a privately pooled investment vehicle that collects funds from sophisticated investors, whether Indian or foreign

Gujarat emerges as most tax-compliant state in AY19, Bihar least compliant

Among large states, the lowest rate of filing was seen in Bihar at 5 per cent, followed by UP at 8.11 per cent - much below the national average of 12 per cent

Tax dept to launch e-campaign on voluntary compliance from next week

The income-tax department will start an e-campaign from July 20 on voluntary compliance for the convenience of taxpayers

Focus on tour operators to manage tax at source on overseas travel

Travellers whose incomes are below the taxable limit will have to file a return to claim the refund on this tax

Why it pays to pay your taxes

I-T rewards for honest taxpayers likely