The I-T department is tightening its screws on the illegal movement of large sums of cash in view of the upcoming Lok Sabha elections. Briefing the media on Thursday, Patna-based K.C. Ghumaria, princi...

The Election Commission has called the revenue secretary and chairman of the Central Board of Direct Taxes on Tuesday to discuss the recent income tax searches.Revenue secretary A.B. Pandey and CBDT c...

The Narendra Modi-government may not be able to dole out the bonanza for taxpayers before the general elections in 2019 as the finance ministry on Monday said the task force set up to draft a new dire...

The tax amnesty scheme may be in for an overhaul with the Covid-19 pandemic and the subsequent lockdown throwing the economy in an utter disarray.Indications of a revamp came from the CBDT (Central Bo...

Foreign portfolio investors (FPI) will not have to pay the higher surcharge on gains arising from the transfer of derivatives — futures and options (F&O). However, this benefit will not be avail...