Telcos owe Rs 1.47 lakh crore to DoT, including Rs 92,600 crore as licence fee and Rs 55,100 crore as spectrum usage charges; of total amount, Vodafone Idea owes maximum Rs 53,000 crore

Why the fast-growing hotel chain had to scale down

Following a change in the Income-tax Act 2012, the Supreme Court had ruled that the Vodafone-Hutchison deal could not be taxed in India. This resulted in tax refund due to the company worth Rs 7,000 crore

Arvind Kejriwal oath-taking ceremony: Kejriwal is almuni of IIT Kharagpur. The AAP convener completed his B. Tech in mechanical engineering in 1989. He was selected for the Indian Revenue Service in 1993

PAN-Aadhaar linking: Any person with an inoperative PAN card will be liable for all consequences under the I-T Act for not furnishing, intimating or quoting the permanent account number

CBDT has notified Forms 10-IC and 10-ID for existing companies that want to avail lower I-T rate and new manufacturing firms, respectively

PM Modi drew flak for his comments recently only 2,200 professionals declared income above Rs 1 crore per annum but CBDT has clarified that it's true

Taxing agricultural income is a politically sensitive issue; successive governments have shown little interest in taking corrective measures even while official reports have repeatedly expressed serious concerns over non-agriculturists abusing the exemption

Citizens found owning properties outside the country without explaining the source of funds or income for their purchase could be prosecuted under the Black Money Act

The top three profit making PSUs including Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation and NTPC contributed 15.3 per cent, 9.68 per cent and 6.73 per cent, respectively to the total profit earned by all profitable CPSEs.

The top three profit making PSUs including ONGC, Indian Oil and NTPC contributed 15.3 per cent, 9.68 per cent and 6.73 per cent, respectively, to the total profit earned by all profitable CPSEs

TDS contributes to over 40 per cent of collection under the direct taxes category

\"Our government's policy is to allow each of the individual to choose where to invest beneficially, than forcing or directing them to invest in certain instruments,\" said FM Sitharaman

Tamil actor Vijay questioned: The IT dept on Thursday stated that it seized unaccounted cash worth Rs 77 crore from 38 locations in Chennai and Madurai allegedly linked to a prominent financier cum producer Anbu Chezhiyan, the Tamil superstar Vijay and the production house AGS Group. Here's for more

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Chidambaram says Centre needs to explain why it wants to sell LIC; asks why has Economic Survey 2020 shifted $5 trillion economy goal to 2030 from current 2024

Calculator compares taxes in old and new tax regimes for financial year 2020-21 and has been hosted on department's official e-filing website -- incometaxindiaefiling.gov.in

CBDT Chairman P C Mody said the department is doing data mining and using artificial intelligence to augment revenue, and will not undertake any coercive action

CBDT Chairman P C Mody said most of the issues pertaining to startups were already addressed in last budget and the remaining matter on ESOPs was resolved this time

A dozen experts interpret Budget 2020 and its impact