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Modi govt's 'One Nation, One Election' bills sent to JPC | BJP is desperate: Priyanka Gandhi Vadra on FIR against Rahul Gandhi over parliament scuffle | US govt backs India's request to extradite 26/11 accused Tahawwur Rana, asks Supreme Court to dismiss his plea | Daal mein kuch kaala hain ya sab kuchh kaala hain? SC questions authenticity of scanned OMRs in Bengal recruitment scam case | BJP is creating chaos to distract attention from Ambedkar row: Rahul Gandhi on Parliament tussle | Assault on me and Rahul Gandhi: Congress chief Kharge's charge over parliament chaos | PM Modi dials BJP MPs hospitalised with injuries over parliament showdown | Ambedkar row: BJP slaps assault charge against Rahul Gandhi in parliament, Cong rebuts with counter-allegation | Rahul, Priyanka, other opposition leaders demand Amit Shah's resignation over Ambedkar row | Kashmir: 5 terrorists killed in encounter with security forces in Kulgam, 2 soldiers injured

Budget 2017: Anti-graft and rationalisation measures announced in the field of income tax

Feb 01, 2017, at 08:30 pm

New Delhi, Feb 1 (IBNS): The present burden of taxation is mainly on honest tax payers and salaried employees who are showing their income correctly, said Union Minister for Finance and Corporate Affairs Arun Jaitley while presenting the General Budget 2017-18 in Parliament on Wednesday.

Income Tax: PAN or Form-60 now mandatory for all money transactions

Jan 23, 2017, at 06:58 pm

Kolkata, Jan 23 (IBNS): Senior officers from the Directorate of Income Tax Intelligence and Criminal Investigation said at a conference in Kolkata that the latest Income Tax amendments now make it mandatory to quote a PAN number or Form-60 for every financial transaction.

Indirect, direct tax collection up despite demonetisation says Finance Minister Arun Jaitley

Jan 09, 2017, at 08:24 pm

New Delhi, Jan 9 (IBNS): Union Finance Arun Jaitley said on Monday that indirect and direct tax collection has gone up during the first three quarters of the current fiscal despite demonetisation in November, according to media reports.

Govt keen to weed out black money says IT director

Jan 03, 2017, at 06:48 pm

Kolkata, Jan 3 (IBNS): At a recent seminar on the Pradhan Mantri Garib Kalyan Yojana, Additional Director of Income Tax, Intelligence and Criminal Investigation, P. B. Pramanik said the government has adopted a strict stance in its war against black money.