Several opposition leaders wrote separate letters to PM Modi expressing their concern regarding surging coronavirus cases and suggested steps to check the further spread of infections

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

Private equity and overseas companies are taking over domestic healthcare chains, creating a new pecking order

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

As tech helps tax authorities check evasion and fraud, taxpayers complain of harassment and misuse of powers

A crore might not be enough. Why do we say so? Well, a number which looks big enough today to take care of your daily expenses as well as goals, might not suffice to take care of same expenses and goals, a few years later. Inflation will eat away the value of your money

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

Stock Market Updates Today: Bajaj Finance, Sun Pharma, Tech Mahindra were the top Sensex gainers rising up to 2.34%

The GST e-invoicing system was implemented from October 1, 2020, for businesses with annual turnover of Rs 500 crore or more.

Travel-focussed payment solutions firm PayMate hit a roadblock post Covid-19, but focus on other areas such as invoice discounting helped in damage control

Focus on operating profit and building a low-cost franchise have helped the country's second-largest private bank claim the top position

In his pre-recorded address for the sixth Governing Council virtual meeting of Niti Aayog, the senior Congress leader also proposed that states are consulted before deciding the priority list for COVID-19 vaccination

The Central Board of Indirect Taxes and Customs (CBIC) has issued an SOP for suspension of registration of a person on the observance of such discrepancies/anomalies which indicate violation of the GST Act

Over Rs 58,000 crore foreign funds were received by NGOs registered under the FCRA between 2016-17 and 2018-19. There are around 22,400 FCRA registered NGOs in the country

The government had raised the threshold income for paying tax to Rs 5 lakh in the interim budget of 2019. According to data from the income tax department, there were 8.04 crore individual taxpayers in assessment year 2018-19 of which 5.95 crore filed returns

Union Budget 2021: The relaxation on foreign investments in infrastructure will give a boost to much-needed infrastructure development

Be it extended agri-credit targets, increased provision for rural infrastructure development or the setting up of five fishing economic hubs, captains of India Inc are hoping that these measures would significantly help in stepping up consumption

Whilst the government's proposals are moving in the right direction, further intervention is the need of the hour to aid significant sectoral growth

According to Delhi Police's Cyber Crime Unit, as many as 340 bogus companies suspected to be involved in fake business transactions are under the scanner

Sensex, Nifty Highlights on Budget day, February 1: Almost all the sectors closed in green territory today, rising in the range of 3-6%, except for pharma index