Tax News for Business Taxes, Home Taxes, Government Tax Policies, ITR Return
I-T dept launches PAN-based e-litigation management system

The taxman had recently launched a business application software which uses PAN to track all the transactions and financial records of an individual and entity across the country.

The effort would be to come out with a simple formula for indexation to help assessees compute capital gains on sale of assets.
The imposition of the cess has pushed up the service tax rate from 14 per cent to 14.5 per cent on all taxable services.
Jaitley in his Budget speech in February had announced the government's intention to reduce corporate tax from 30% to 25% over the next four years.
The department also asked the taxpayers that they should register a complaint if they receive any fake communication over email or phone.
For tax incentives with no set date of termination, the government will set March 31, 2017 as the so-called sunset date, the tax office said.
Online filing of tax returns has caught up in a big way in recent years, while filings through mobile apps can make it even easier for the taxpayers.
Services such as e-filing of returns, viewing of tax credit through 26AS, applications for PAN and services of Tax Return Preparers, will be provided at the lounge.
Ficci said it is hopeful that the appraisal will improve the tax environment in the country and boost confidence level of the investors.
The Special Investigation Team on Black Money has made some damning observation in its third report.
The Revenue Secretary also said that the Justice R V Easwar panel will look at ways to simplify Income Tax laws.
SME banne