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GST has reduced rate at which people have to pay tax: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Wednesday said that the Goods and Services Tax (GST) has reduced the rate at which people have to pay tax...
New income tax e-filing website launched

The new e-filing website of the Income Tax Department was launched with a host of new features for taxpayers.
Over 180 people arrested for tax evasion in past 2 months

In the last 1.5 to 2 months over 180 people including managing directors of companies and chartered accountants have been arrested for tax evasion, sa...
GST Council Meeting: Govt provides GST relief for small taxpayers to offset COVID-19 impact

The Goods and Services Tax (GST)Council on Friday decided to waive off fees for late filing returns between July 2017 to January this year in a bid to...
Coronavirus Crisis: Punjab govt imposes COVID tax on liquor

Liquor is going to cost more in Punjab as the state government on Monday imposed COVID cess on the sale of alcohol.
Bank Crisis: Yes Bank founder Rana Kapoor taken to ED office in Mumbai for questioning

Yes Bank founder Rana Kapoor was taken to Enforcement Directorate (ED) office for questioning on Saturday.
Lok Sabha passes Direct Tax Vivaad Se Vishwas Bill

A bill to provide an opportunity to taxpayers to settle their tax disputes by paying just due taxes with complete waiver of interest and penalty by Ma...
Court rejects Karti Chidambaram's discharge plea in tax

A special court here on Tuesday dismissed a discharge petition filed by Congress MP Karti Chidambaram and his wife Srinidhi in connection with a tax e...
Positive impact of government's move to reduce corporate tax: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said on Monday that the government's move to reduce corporate tax has had a "positive impact" and companies wanted...
Cabinet extends term of 15th Finance Commission

The Union Cabinet on Wednesday extended the term of 15th Finance Commission, which is to decide on division of tax and other resources between the cen...
UK's Johnson drops corporate tax cut plan in bid to woo voters

British Prime Minister Boris Johnson said he was putting on hold further cuts in corporation tax and told voters he would use the money for spending o...
Facilitate tax payers by explaining the law, Nirmala Sitharaman advises IRS officers

Union Finance Minister Nirmala Sitharaman on Friday addressed the 69th batch of Indian Revenue Service (Customs and Central Excise) officials at their...
Sensex rises over 250 pts; Nifty tops 11,800

Market benchmark BSE Sensex jumped over 250 points in early trade on Wednesday driven by foreign fund inflow and hopes of tax sops for equity investor...
Italy to introduce tax on digital companies from 2020

Italy approved a new tax on digital companies as part of its 2020 draft budget on Wednesday, and plans to introduce the new measure from next year.
ICRA: Benefit of corporate tax rate cut for India Inc to boost incremental investments

ICRA Ratings has said that the recent corporate tax rate cut announcement by the central government with the intention of pump-priming economic growth...
Govt had benefit of low intl oil prices since 2014, yet taxes on petrol, diesel raised: Sitaram Yech...

CPI(M) general secretary Sitaram Yechury on Tuesday said that despite the benefit of low oil prices internationally since 2014, taxes on petrol and di...
CBDT sets up National e-Assessment Centre for faceless scrutiny of IT returns

The Central Board of Direct Taxes (CBDT) has set up a National e-Assessment Centre (NeAC) for assessing tax returns electronically without any persona...
Govt slashes corporate tax to 25.17 pc for domestic companies

In a major fiscal booster, the government on Friday slashed effective corporate tax to 25.17 per cent inclusive of all cess and surcharges for domesti...
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