Direct Taxes (including International Taxation)

GST Practitioners Enrollment Exam In December

For the confirmation of enrollment of Goods and Services Tax Practitioners, otherwise known as GST Practitioners or GSTPs, there will be ...

Two crore Indians file returns but pay zero income tax 

In the last four years, the government’s efforts to widen the tax base resulted in an 80% jump in number of returns filed to 6.85 c...

Income Tax Returns Not Filed In 80,000 Cases Post-Notes Ban

  The Income Tax Department is “chasing” 80,000 cases where people have not filed their returns post-demonetization, despite ...

Income Tax department to probe use of fake PAN cards in market trading

The Income Tax Department will apparently seek details of trading worth thousand crores and more on equity exchanges which have been carr...

Start-ups in India set to get Income-Tax dept, DIPP booster shot

The Department of Industrial Policy and Promotion (DIPP) is working with the tax department and regulators to ease the rules and laws for...

Tax sleuths on the prowl as GST revenue shortfall looms

Fearing shortfall in revenue from Goods and Services Tax (GST), the government is taking several steps to boost tax mop-up as well as a c...

Six Tata Trusts withdraw pleas against Income Tax department notices

Six Tata Trusts have withdrawn their petitions filed in the Bombay High Court challenging the show cause notices issued against them by t...

Income tax department to allow online filing of forms for tax breaks

The income tax department said on Monday it will allow online filing of applications for tax breaks to certain entities which at present ...

1,40,139 taxpayers disclosed income above Rs. 1 crore in AY 2017-18

  Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 22nd October, 2018 PRESS RELEASE Re...

Adjudicating Authority under Benami Property Act gets cabinet approval

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the appointment of Adjudicating Authority and establishment o...

Income tax dept may seek first right on recovery of dues under IBC

The income tax (I-T) department may soon request authorities in the finance ministry to intervene so that I-T dues get a higher priority ...

Income Tax Return filing due date extended to October 15th 2018

The Central Government today extended the due date for Tax Audit and return filing under the provisions of Income Tax Act to October 15th...

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