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Are you making a right choice while investing in penny stocks?
Tue, Nov 21, 2017
Before investing in penny stocks, investors should keep in their mind a few facts or else would face losses in future as risks involved in this platform is higher.
India not to sell Cairn Energy shares to recover tax
Sun, Nov 19, 2017
Cairn Energy holds 4.95% stake in Vedanta Ltd that the income tax department had attached in January 2014 after slapping the British firm with a Rs 10,247-crore tax demand over a decade-old internal reorganisation of Indian business.
Shell companies under IT scanner; involvement in Benami transactions suspected
Wed, Nov 15, 2017
Banks started scanning all the account details of directors who were disqualified by the Ministry of Corporate Affairs as part of alleged shell companies.
DeMo: Income Tax department to issue notices to suspicious cash depositors
Tue, Nov 14, 2017
Sushil Chandra, chairman, Central Board of Direct Taxes (CBDT) said despite closing of I-T returns filing time period, a number of entities and individuals failed to file their tax returns, as required under the 'Operation Clean Money' (OCM) initiated by the government to check black money post demonetisation.
Direct Tax Collections touch nearly 45% of FY18 Budget Estimates
Tue, Nov 07, 2017
In the Union Budget 2017, the government has fixed direct collections target at Rs 9.8 lakh crore. So far, the govt has received Rs 4.39 lakh crore between April - October 2017.
Is Inheritance Tax coming back to India?
Mon, Oct 09, 2017
Inheritance tax popularly known as estate tax or estate duty was levied at the time of inheriting any assets. It was abolished during the Rajv Gandhi rule in 1985.
Committed to widen tax base in India, says Govt
Fri, Sep 29, 2017
The Narendra Modi-led government said it is committed to widen the tax net in India. Lower tax slabs were mulled over during the Consultative Committee meet.
A lot can happen over coffee as IT Dept raids CCD founder's offices; Shares drop 4%
Thu, Sep 21, 2017
According to a media report, Income Tax officials began raids at Siddhartha's offices in Mumbai, Bengaluru, Chennai and his hometown Chikmagalur in Karnataka.
Onion traders asked to start auction or permits will be cancelled
Sun, Sep 17, 2017
After the Income Tax department raided 25 premises of seven major onion traders in Lasalgaon, many of the onion traders have stopped the onion auction in a mark of protest.
Project Insight likely to be launched next month; 7 things you need to know
Wed, Sep 13, 2017
The tax department had last year signed a pact with L&T Infotech for implementation of Project Insight, which is designed to strengthen the non-intrusive information driven approach for improving tax compliance.
Direct tax collections: Did demonetisation, GST slow personal income tax growth?
Tue, Sep 12, 2017
Four months into this fiscal year and the direct tax collections may have increased but the percentage of personal income tax growth was less than half of the year ago period.
Income Tax Department officials conduct massive raid in Delhi, NCR today
Mon, Aug 21, 2017
As per the report, the Income Tax searches have been made on some political leader.
Sebi's scanning of "shell companies" creates problems for investors, banks
Mon, Aug 14, 2017
Market watchdog identified 331 listed firms as suspected shell companies. Various measures are taken by the regulator in tackling the black money.
Over 9.3 crore PANs linked with Aadhaar, this is how you can link yours before August 31
Mon, Aug 14, 2017
Though to file Income Tax Return, taxpayers were required to provide just Aadhaar number, but to process that IT return, taxpayers need to link PAN with Aadhaar. This is how you can do.
Only 48 out of 331 suspected shell cos listed on NSE
Thu, Aug 10, 2017
The leading bourse would report to the Sebi about the 48 companies after collecting the information. Out of the 48 firms, ten entities had already been suspended before the Sebi's directive.
11 lakh PANs deactivated: Is your PAN active? Here's how you can find it
Mon, Aug 07, 2017
PAN which is a key identifier of taxable entity and aggregator of all financial transactions are being detected by the IT-department.
Income Tax: ITR filing deadline extended till August 5
Mon, Jul 31, 2017
If you have not filed ITR today, then don't worry, you can file it till August 5, 2017.
Is income tax filing deadline going to be extended?
Sun, Jul 30, 2017
Many taxpayers are facing hard times in filing their Income Tax Returns they have been requesting IT-department to extend the deadline.
Income Tax: Your ITR filing process not complete unless send for ITR-Verification
Sun, Jul 30, 2017
Tomorrow is the last to submit your Income Tax Return for the financial year 2016-17. With one day in hand, the taxpayers should come forward to file ITR to avoid penalties.
Income Tax: A complete checklist for your ITR filing
Sat, Jul 29, 2017
ITR filing process is complicated and there are always chances of missing out some or the other step.