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Tax sleuths on the prowl as GST revenue shortfall looms
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 31, 2018
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
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 31, 2018
Six Tata Trusts have withdrawn their petitions filed in the Bombay High Court challenging the show cause notices issued against them by t...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
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 31, 2018
The income tax department said on Monday it will allow online filing of applications for tax breaks to certain entities which at present ...
Relaxation of additional fees and extension of last date of in filing of forms MGT-7 (Annual Retu...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Last updated on Oct 30, 2018
Keeping in view the requests received from various stakeholders seeking extension of time for filing of financial statements for the fina...
Jayant Sinha urging FM to bring aviation turbine fuel (ATF) under the ambit of GST
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Oct 30, 2018
Minister of State for Civil Aviation Jayant Sinha urged Finance Minister Arun Jaitley to bring aviation turbine fuel (ATF) under the ambi...
1,40,139 taxpayers disclosed income above Rs. 1 crore in AY 2017-18
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 30, 2018
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
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 30, 2018
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the appointment of Adjudicating Authority and establishment o...
GST Intel Wing Unearths Rs 80 Crore ‘Fraud’ in Pune in potentially further higher degree of fraud
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Oct 29, 2018
The Directorate General of GST Intelligence’s (DGGI’s) Pune zonal unit has unearthed a Rs 80 crore “fraud” which ...
GST relief for oil companies on outsourced work
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Oct 29, 2018
In what could come as urgent relief for oil companies, revenue authorities have allowed refineries to pay GST only on value addition done...
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