Income Tax Law
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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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Government Constitutes 6-Member Panel To Redraft Income Tax Law
Chief Economic Adviser Arvind Subramanian will be a permanent special invitee in the task force.
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Businesses Related To Mayawati's Brother Anand Kumar Surveyed By Taxmen
The Income Tax department today launched multiple survey operations at nearly a dozen premises of businesses and firms linked to Anand Kumar, brother of Bahujan Samaj Party chief Mayawati.
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Taxmen Won't Need Reason To Raid After Changes To Law: 10 Points
Tax raids based on unsubstantiated rumours or simply suspicion will be legit after the government's tweaks to the Income Tax law. But the changes will be effective retrospectively in an apparent turnaround by the government despite its promise not to do so. The amendment to Section 132 of the Income Tax Act dealing with searches by taxmen says that...
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For Tax Raids, Reason Need Not Be Revealed After Retrospective Change To Law
Tax raids based on an unsubstantiated rumour or suspicion is legit after the government has made changes to law retrospectively, going back on its own promise not to do so.
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Government Returning 50 Per Cent Black Money To Hoarders: Rahul Gandhi
Congress vice-president Rahul Gandhi today accused the government of helping black money hoarders with the amendment to the income tax law, saying half of the unaccounted cash would now be returned to them.
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Government Sets Up Panel to Simplify Income Tax Laws
The Indian government on Tuesday set up a high-level committee under a former Delhi High Court judge to suggest simplification of Income Tax laws, a report that could form basis for tinkering with the controversial retrospective applicability of tax.
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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.
-
Government Constitutes 6-Member Panel To Redraft Income Tax Law
Chief Economic Adviser Arvind Subramanian will be a permanent special invitee in the task force.
-
Businesses Related To Mayawati's Brother Anand Kumar Surveyed By Taxmen
The Income Tax department today launched multiple survey operations at nearly a dozen premises of businesses and firms linked to Anand Kumar, brother of Bahujan Samaj Party chief Mayawati.
-
Taxmen Won't Need Reason To Raid After Changes To Law: 10 Points
Tax raids based on unsubstantiated rumours or simply suspicion will be legit after the government's tweaks to the Income Tax law. But the changes will be effective retrospectively in an apparent turnaround by the government despite its promise not to do so. The amendment to Section 132 of the Income Tax Act dealing with searches by taxmen says that...
-
For Tax Raids, Reason Need Not Be Revealed After Retrospective Change To Law
Tax raids based on an unsubstantiated rumour or suspicion is legit after the government has made changes to law retrospectively, going back on its own promise not to do so.
-
Government Returning 50 Per Cent Black Money To Hoarders: Rahul Gandhi
Congress vice-president Rahul Gandhi today accused the government of helping black money hoarders with the amendment to the income tax law, saying half of the unaccounted cash would now be returned to them.
-
Government Sets Up Panel to Simplify Income Tax Laws
The Indian government on Tuesday set up a high-level committee under a former Delhi High Court judge to suggest simplification of Income Tax laws, a report that could form basis for tinkering with the controversial retrospective applicability of tax.
