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Total 3726 results found. Search for [ Direct tax ]

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BusinessToday.In
New Delhi, April 15, 2021
Technology, especially its tools such as data analytics and artificial intelligence, is ending the heydays of exploiting information gaps to hide income from the taxman. Tax authorities are detecting mismatches in tax returns using tonnes of information about large transactions from banks, mutual funds, companies issuing shares, stamp and registration departments of states and sounding alerts about possible tax evasion, with different wings of the revenue department, direct tax, indirect tax and customs sharing data. However, the nationwide drive to find evaders has also given a free hand to corrupt officials to exploit the system with arbitrary notices and demands. Small and large businesses are at the receiving end of the taxman's hounding, threats and at times even violence. Watch the video for more.Also Read: Indirect tax collection rises 12.3% to Rs 10.7 lakh cr in FY21


Nidhi Singal
New Delhi, April 14, 2021
How location mapping services are helping businesses and governments work better


Joe C Mathew and Nidhi Singal
New Delhi, April 14, 2021
The Production Linked Incentive Scheme aims to build an Indian manufacturing base across 13 key sectors. What works. What doesn't


BusinessToday.In
April 13, 2021
GST collection on account of GST of Centre (CGST+IGST+ compensation cess) during FY21 is Rs 5.48 lakh crore compared to Rs 5.99 lakh crore in FY21


PTI
April 12, 2021
Deloitte CEO Punit Renjen said the Indian government has performed well in addressing the challenges posed by the COVID-19 pandemic


BusinessToday.In
April 9, 2021
Total direct tax collection before adjusting for refunds for FY21 stands at Rs 12.06 lakh crore, including corporation tax at Rs 6.31 lakh crore and personal income tax, including security transaction tax at Rs 5.75 lakh crore


BusinessToday.In
April 5, 2021
Taxpayers can import and pre-fill the data from e-filing portal and can also fill the remaining data. Since the facility to upload income taxreturn forms is not enabled yet, filers can fill and save the offline utility for now


PTI
April 1, 2021
This include Rs 87,749 crore personal income tax refunds to 2.34 crore taxpayers and Rs 1.74 lakh crore worth corporate tax refunds in 3.46 lakh cases


BusinessToday.In
April 1, 2021
Only the bare minimum changes necessitated due to amendments in the Income-tax Act, 1961 have been incorporated in the forms, CBDT said in the notification for the new ITR forms


Sumant Banerji
New Delhi, March 31, 2021
A sharp increase in global crude oil prices has pushed retail rates of petrol and diesel to historic highs. Taxes are partly to be blamed, but reducing excise duties may not be easy for a cash-strapped government


PB Jayakumar and Joe C Mathew
New Delhi, March 31, 2021
Private equity and overseas companies are taking over domestic healthcare chains, creating a new pecking order


Rajeev Dubey
New Delhi, March 31, 2021
If India's tax- to-GDP ratio of 17.7 per cent has to get anywhere near developed countries' 25-35-36 per cent, those who should pay taxes must be brought under the tax net. But that's easier said than done


Dipak Mondal
New Delhi, March 31, 2021
As tech helps tax authorities check evasion and fraud, taxpayers complain of harassment and misuse of powers


Reuters
March 30, 2021
ByteDance in January cut its India workforce after New Delhi decided to retain a ban on its popular video app TikTok, first prohibited last year following a border clash between India and China


BusinessToday.In
March 29, 2021
The rupee is expected to average around 73.50-74 in FY22, as, despite a vaccine, the COVID-19 frenzy still persists and is likely to continue to grapple the foreign exchange market


PTI
March 25, 2021
The session started on January 29 and was originally slated to end on April 8 but several members had urged Speaker Om Birla to end it early so that they can focus on electioneering in four states and Puducherry


BusinessToday.In
March 22, 2021
Some traders were anticipating this move in the backdrop of expectations that the overall direct tax collection would exceed the revised target


BusinessToday.In
March 18, 2021
Scrapping of old vehicles will lead to recycling of components used in manufacturing vehicles, increase their availability and bring down the cost, Gadkari said.


PTI
March 17, 2021
Unaccounted cash of Rs 50 lakh, jewellery worth Rs 3 crore and nine luxury vehicles worth Rs 12.5 crore were seized by the tax department after the raids.


BusinessToday.In
March 16, 2021
The minister explained that faceless tax assessments are being done for all income tax assessees, except for cases assigned to central charges or international tax charges


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