Taxpayer

Be polite in dealing with honest taxpayers: Sitharaman tells GST officers

Finance Minister Nirmala Sitharaman on Friday said GST officers should be polite and empathetic in dealing with honest taxpayers and asked them to use technology for faster registration approvals and grievance redressal. She also asked field formations to "proactively" undertake trade facilitation measures. "There is no iron wall between you and trader, there is thin air. You can understand where the difficulty is, rather than muddy it up any further," she said. Speaking at the inauguration of the CGST building in Ghaziabad, the minister flagged the need for timely conclusion of any disciplinary proceedings against officers of Central Board of Indirect Taxes and Customs (CBIC). This would send a clear message from the CBIC board that any misconduct, dereliction of duty or unethical behaviour by officers will not be tolerated. She said the ultimate goal of tax administration is to make life easy for honest taxpayers and to do that GST officers should follow the laid down SoP and sho

Small incomes to overseas assets: Why missing them in ITR can cost big

Your ITR isn't just about salary. From small dividends to foreign holding, ESOPs and even low-balance accounts need disclosure or you risk heavy penalties.

Wedding gifts & taxation: Get donor letters for high-value non-cash gifts

Substantial cash gifts should be received via cheques or drafts

Amitabh Bachchan beats SRK as highest taxpaying actor at ₹120 cr for FY25

Amitabh Bachchan paid ₹120 crore in taxes on earnings of ₹350 crore from feature films, brand endorsements, and television appearances, most notably 'Kaun Banega Crorepati'

Why India's tax office needs to win over taxpayers, and not tyrannise them

For investment and growth to take off, taxes need to be reliable, uniform and predictable

Virat Kohli top taxpayer among sports stars; Sachin, MS Dhoni follow

'Captain Cool' MS Dhoni, now retired from international cricket and seen only in the IPL, was the second-highest taxpayer among cricketers

Respond to I-T notice on time or risk refund adjustment against tax demand

If AO doesn't respond within 21 days, CPC may release refund, or adjust it partially based on taxpayer's consent

Union Budget 2023: Growth-oriented with tax stability and rationalisation

Budget 2023 has maintained the status quo on tax policies with more thrust on certainty, which is a step in the right direction

CBDT seeks detailed report on the top 15 taxpayers in each region

Directive issued for maximising revenue collection and monitoring advance tax mop up

Capital gains tax: A capital conundrum

Defenders of preferential tax treatment argue that capital gains tax is a form of "double taxation" as corporate profits are taxed as ordinary income

Check ITR for discrepancies before responding to notice from tax dept

Respond on time, with expert help if required, to prevent further punitive measures

India warming up to vast potential of crowd-funding for healthcare

Of the 1.3 million active patients in India, around 890,000 have given consent to be up for adoption

ITR 2021-22: List of transactions needed to furnish your tax return

There are several transactions that one needs to mention mandatorily in the ITR 2021-22 (AY 2022-23). It is necessary to avoid a notice from the I-T department

CBIC to issue SOP for GST summons to stop harassment of businesses

The new SOP will make officials more accountable and will also make the entire process transparent

GST enforcement: A fine balance in catching fraud, not harassing taxpayers

The government has tightened GST norms. But some of the changes have caused "inconvenience" to taxpayers, to say the least.

Big Data can at times spell trouble for taxpayers

The tax department's initiatives would, in the normal course, have been welcomed by honest taxpayers, but implementation issues and the taxman's misaligned views are causing problems

CBDT extends due dates for electronic filing of various forms under I-T Act

CBDT has extended the due dates for electronic filing of various forms under the Income-tax Act, 1961 considering the difficulties reported by the taxpayers and other stakeholders

PM Modi on how govt will use funds from privatisation, asset monetisation

Prime Minister Narendra Modi on February 25 made a strong case for privatisation of public sector undertakings that he said burdened the taxpayer, and stressed that the government has “no business to be in business”. He said his regime has set a target to monetise 100 PSUs in oil, gas, airports, ports, power, among other areas, which will draw Rs 2.5 trillion of investment. Watch the video for PM Modi’s full speech.

Explained: How Modi's tax reforms will benefit both taxpayer and I-T dept

Your guide for Modi's taxpayers' charter and its benefits

Rights & responsibilities of citizens in new taxpayers' charter: Full text

PM Modi said the charter had been introduced with defined rights and responsibilities. Read the full text of the tax charter document here