Government is now proceeding towards a new change in direct tax which will enable a jurisdiction-free income tax assessment system.

Section 285BA of the Income-tax Act, 1961 requires furnishing of a statement of financial transaction,

The Honourable Union Minister of Finance, Shri Arun Jaitley officially launched the Portal of Operation Clean Money.

CG notified that the requirement of quoting of Aadhaar shall not apply to the certain individuals.

If someone has recently spent any expensive thing or service or made a big investment, but according to all its declared income, then the income tax department will not scrutinize its accounts.

The process of implementing the ‘biggest economic recovery’ of GST from July 1 is going on fast. Even though the Central and State Governments are welcoming GST openly, they have kept around one-third of the revenues out of the realm of GST, so that consumers can not get the benefits of cheap goods and services.

The Income Tax Department has introduced a new e-facility for linking PAN number with Aadhaar card. Explain that the government has mandated the Aadhaar card number along with PAN number for filing income tax return.

The number of people who filed tax returns surged by 95 lakh as the government turned the heat on black money with demonetisation and various other measures, two top government officials told ET.

CBDT entered into two more unilateral Advance Pricing Agreements (APAs) on 27th April, 2017.

The DVAT Department has extended Due Date/ Last Date for Filing of online return for Q4 (Mar. 2017) of 2016-17 upto 15 May 2017.

The Central Board of Excise and Custom hereby extends the due date of submission of the ST-3.

The date of submission of the Service tax return (Form ST-3) for the period from 1st October 2016 to 31st March 2017, was 25th April, which has extended to 30th April, 2017.

The Income-tax Appellate Tribunal (ITAT) which adjudicates Income-tax (I-T) disputes, has held that an amount deducted by an employer for not serving out a notice period cannot be brought to tax.

The Central Board of Excise and Customs (CBEC) recently released draft rules on electronic way bills (e-way bills) that entities have to furnish regarding the goods meant to be moved within or out of a state.

After having opted for multiple rates under the upcoming goods and services tax (GST) regime, India is now looking to keep variations in rates on the same types of products at a minimum to ensure that the tax structure does not get any more complicated.