The CBDT said in a statement that Rs 8.30 crore cash was seized during the raids on the group engaged in the business of manufacturing and sale of tiles and sanitaryware

The last date for filing declaration under VsV scheme was February 28, while for paying the disputed tax the date is March 31

FDI surge from Cayman Islands makes it the new Mauritius; chorus grows China might be routing investments into India through it

In a written reply to the Rajya Sabha, Minister of State for Commerce and Industry Hardeep Singh Puri said the equalisation levy collection stood at Rs 338.6 crore in 2016-17, Rs 589.4 crore in 2017-18, and Rs 938.9 crore in 2018-19

The names of Google officials were removed from the FIR the same day as it turned out that they were not involved in the case. Investigation on other points is underway, said Bhelupur police station official

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Several NRIs, stuck in the country due to Covid-19 travel restrictions, have been seeking relief from paying income tax under the residency criteria

Vivad se Vishwas Scheme has received 15 times better response in comparison to Direct Tax Dispute Resolution Scheme (DTDRS) in 2016; the disputed amount settled under it is 153 times that of DTDRS

While Indian IT services companies have made a strong comeback in Q3, Cognizant's full year  revenues for the first time has slipped into the negative territory, with guidance for 2021 also in low single digit range

On the direct tax collection targets for 2021-22, CBDT Chairman PC Mody said that the projections are \"realistic and not ambitious\"; we are confident about achieving the target, he added

Union Budget 2021: It will be the first time since the presentation of independent India's first budget on November 26, 1947,  the documents will not be printed due to coronavirus pandemic and will instead be distributed electronically to the MPs

Officials who are tasked with printing the budget are kept in total isolation in North Block to maintain complete secrecy

In case of no relaxation in residential status, NRIs would have to pay advance tax to avoid penal interest

At the halwa ceremony, Sitharaman announced the launch of 'Union Budget Mobile App'. which will help stakeholders in easily accessing all information related to Budget

Chartered accountants and tax lawyers agree that this is a challenging situation for the NRIs who got stuck in India due to the lockdown in the wake of the pandemic

The court stated that CBDT can take a lenient approach in terms of consequences of late filing of tax audit reports; \"We leave it to the better discretion of the CBDT,\" it said

The scheme proposes to set up a National Faceless Appeal Centre (NFAC), Regional Faceless Appeal Centres (RFACs) and Appeal units (AUs) which will allocate a recommendation for penalty made under the faceless assessment programme

The amount under litigation includes Rs 4.05 lakh crore in corporation tax, Rs 3.97 lakh crore stuck in income tax cases and another Rs 1.54 lakh crore on account of commodities and services tax, the note said

Foreign Asset Investigation Units (FAIUs) have been recently created in all the 14 investigation directorates of the Income Tax Department located in various parts of the country

ITR filing: As per the latest data by the Income Tax India, more than 5.16 crore ITR for AY 2020-21 have been filed till January 6, 2021. Yesterday alone 8,43,506 ITRs were filed