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Top Tax Authority CBDT Forms Panel To Review Income Tax Law
An internal committee of the Income Tax Department will review the 1961 direct tax law to eliminate redundant clauses as well as adopt best global practices to simplify it for taxpayers for better compliance, CBDT chief Ravi Agrawal has said.
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After Congress Complaint, Poll Panel To Verify Union Minister's Affidavit
Lok Sabha elections 2024: The ECI has directed the CBDT to verify potential mismatch - between actual and declared assets, and income - in affidavits filed by the BJP's Rajeev Chandrasekhar ahead of his candidature for the Lok Sabha el
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15th Finance Commission To Consult All Stakeholders
Panel to seek inputs from central ministries, all state governments, local bodies, panchayats and political parties of each state, said finance ministry.
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Top 5 Tribunals In India Have Combined Backlog Of Over 3.5 Lakh Cases: Law Panel
The top five central tribunals in the country have a combined backlog of over 3.50 lakh cases with the Income Tax Appellate Tribunal alone having over 91,000 pending matters, says a latest law commission report.
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70,000 Crores Detected Through Central Schemes: Black Money Panel Member Justice Arijit Pasayat
Black money worth Rs 70,000 crore has been unearthed through different schemes of the government, said Deputy Chairman of the Supreme Court-appointed SIT on black money, Justice Arijit Pasayat today. The sixth report on it will be submitted to the Supreme Court in April.
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Information Panel Pulls Up Tax Office 'Informer' For Using RTI To Seek Rewards
The Central Information Commission has admonished an RTI applicant who was allegedly seeking information from the Income Tax Department to spot tax evaders and earn rewards for being an "informer".
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Banning Cash Deals Over Rs 3 Lakh Under Consideration: Central Tax Panel
Government is examining SIT's recommendation of banning cash transactions of over Rs 3 lakh in a bid to clamp down on black money in the economy, CBDT Chairperson Rani Singh Nair said today.
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Majority of Provisions of GST Bill Endorsed by Rajya Sabha Panel
Rajya Sabha's Select Committee on Goods and Services Tax (GST) has endorsed almost all of the 21 clauses in the GST Constitution Amendment Bill, which seeks to create a pan-India tax regime and a common market, ending the multiplicity of central and state taxes.
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10 Points About Goods and Services Tax, Modi Government's Biggest Tax Reform
A parliamentary panel that's examining the crucial Goods and Services Tax or GST bill has wrapped up its work and is likely to submit its report to the Rajya Sabha next week. The bill seeks to create a pan-India tax regime and a common market, ending the multiplicity of central and state taxes.
-
Top Tax Authority CBDT Forms Panel To Review Income Tax Law
An internal committee of the Income Tax Department will review the 1961 direct tax law to eliminate redundant clauses as well as adopt best global practices to simplify it for taxpayers for better compliance, CBDT chief Ravi Agrawal has said.
-
After Congress Complaint, Poll Panel To Verify Union Minister's Affidavit
Lok Sabha elections 2024: The ECI has directed the CBDT to verify potential mismatch - between actual and declared assets, and income - in affidavits filed by the BJP's Rajeev Chandrasekhar ahead of his candidature for the Lok Sabha el
-
15th Finance Commission To Consult All Stakeholders
Panel to seek inputs from central ministries, all state governments, local bodies, panchayats and political parties of each state, said finance ministry.
-
Top 5 Tribunals In India Have Combined Backlog Of Over 3.5 Lakh Cases: Law Panel
The top five central tribunals in the country have a combined backlog of over 3.50 lakh cases with the Income Tax Appellate Tribunal alone having over 91,000 pending matters, says a latest law commission report.
-
70,000 Crores Detected Through Central Schemes: Black Money Panel Member Justice Arijit Pasayat
Black money worth Rs 70,000 crore has been unearthed through different schemes of the government, said Deputy Chairman of the Supreme Court-appointed SIT on black money, Justice Arijit Pasayat today. The sixth report on it will be submitted to the Supreme Court in April.
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Information Panel Pulls Up Tax Office 'Informer' For Using RTI To Seek Rewards
The Central Information Commission has admonished an RTI applicant who was allegedly seeking information from the Income Tax Department to spot tax evaders and earn rewards for being an "informer".
-
Banning Cash Deals Over Rs 3 Lakh Under Consideration: Central Tax Panel
Government is examining SIT's recommendation of banning cash transactions of over Rs 3 lakh in a bid to clamp down on black money in the economy, CBDT Chairperson Rani Singh Nair said today.
-
Majority of Provisions of GST Bill Endorsed by Rajya Sabha Panel
Rajya Sabha's Select Committee on Goods and Services Tax (GST) has endorsed almost all of the 21 clauses in the GST Constitution Amendment Bill, which seeks to create a pan-India tax regime and a common market, ending the multiplicity of central and state taxes.
-
10 Points About Goods and Services Tax, Modi Government's Biggest Tax Reform
A parliamentary panel that's examining the crucial Goods and Services Tax or GST bill has wrapped up its work and is likely to submit its report to the Rajya Sabha next week. The bill seeks to create a pan-India tax regime and a common market, ending the multiplicity of central and state taxes.
