Tag: tax
18 Lakh Taxpayers To Get I-T Notices To Explain Large Deposits
Commencing the process of crackdown on large deposits made after November 8, the Income Tax Department has identified 18 lakh taxpayers who will be served notices seeking explanation within 10 days.....
Budget 2017-18: Is It A Robinhood Budget?
Take it from the rich and distribute it among the poor--The Union Budget 2017-18 presented by Finance Minister Arun Jaitley in the Parliament on Wednesday is more or less on these lines....
Drop In Economic Activity Due To Demonetisation Is Transient: Jaitley
Finance Minister Arun Jaitley on Wednesday said that the drop in economic activity due to demonetisation was only transient and its effect would not spill over to the next financial year.....
Highlights From The Railway Budget 2017-18
Finance Minister Arun Jaitley on Wednesday tabled the Railway Budget 2017-18 along with the General Budget in the Parliament.....
Make The Tax Payer Feel Special
Every year tax payers wait with baited breath hoping for a fair and better deal from a system which has been showing hardly any mercy on them. The tax-paying community feels like the modern day oppressed class which is bearing all the brunt silently. They have no voice but they are pivotal to the system which cannot do without them. ....
GST To Come Into Effect From July 1: Das
The Goods and Services Tax (GST) will be implemented from July 1 as all states have agreed on the implementation date, Economic Affairs Secretary Shaktikanta Das said on Tuesday.....
'Benami' Actions Carry Jail Terms, Warns I-T Department
India's Income Tax Department on Friday cautioned those engaging in 'benami' (proxy) transactions that they stand to face Rigorous Imprisonment (RI) of up to 7 years and would also invite prosecution under the Income Tax Act.....
Finance Bill To Be Passed Before March 31: Jaitley
The Finance Bill will be passed by Parliament before March 31 to enable ministries to avail funds from April 1, Finance Minister Arun Jaitley said on Tuesday.....
Council Approves All Five Draft Bills For GST
With the Goods and Service Tax (GST) Council on Thursday approving the remaining two draft bills -- UTGST (Union Territory GST) and SGST (state GST), all the five enabling draft bills stand approved to enable a likely rollout of the new indirect tax regime by July 1. ....
Prime Minister Meets President
Prime Minister Narendra Modi on Monday called on President Pranab Mukherjee at Rashtrapati Bhavan here.....
