Taxpayers who received a flurry of reassessment notices last year can breathe a huge sigh of relief after several high courts have struck these down because of the dodgy manner in which the taxman iss...

The government on Tuesday extended till March 15 the deadline for corporates to file income tax returns for the fiscal ended March 2021. The deadline to file tax audit report and transfer pricing aud...

The Institute of Chartered Accountants of India (ICAI) has made a representation to the Central Board of Direct Taxes (CBDT) to waive off penalty for filing tax audit reports for the assessment year 2...

The Income Tax Department has detected alleged unaccounted income worth over Rs 6,500 crore after it recently raided some "foreign-controlled" mobile communication and handset manufacturing ...

The income-tax department has brought in changes to the existing faceless appeal scheme easing the process for taxpayers wanting a personal hearing through video conference while appealing against a t...

C.E. Info Systems Limited, which operates under the MapmyIndia brand and in the international market under the Mappls brand, on Monday said it is working on projects with the Central Board of Direct T...

In the essay, “Of wealth”, Albert Einstein wittily critiques the role of money and philanthropy saying, “Money only appeals to selfishness and always tempts its owners irresistibly t...

Telecom firm Vodafone has informed the finance ministry it will submit an indemnity bond to settle its retrospective taxation case with the government, following a strategy similar to Cairn Energy. V...

The government has notified a fresh set of rules to facilitate settlement of the retrospective tax dispute with British telecom giant Vodafone Plc. The Central Board of Direct Taxes on October 13 noti...

High-value financial transactions and additional information like foreign remittances, off market transactions, information about purchase of mutual funds among others would be reflected in the Form 2...