Underlines need to reduce human interface; wants tax e-assessment in more cities

Hasmukh Adhia to present revenue dept's performance over past year & plan for current financial year

This is, say tax experts, the first time that a car race circuit has been held to be the permanent establishment of an assessee.

This will add to the compliance burden of the industry

Central bank likely to keep tabs on large wilful defaulters; policy likely by month-end.

States should have enough time. We still do not know the rules. There are a lot of operational difficulties, says Jammu and Kashmir Finance Minister Haseeb Drabu.

After acquiring Grama Vidiyal Microfinance last year, IDFC Bank is looking for opportunities to strengthen its retail capabilities, says Rajiv Lall, its chief,

March requires 20% jump to meet year's goal; CBDT chief tells staff to sweat it out to meet target

As Centre cedes power to states in indirect tax, it wants to all ystaffers' worry of little work.

Fresh PoEM guidelines will affect pharma, energy, automobiles, manufacturing and software companies.

The PMGKY will not allow declarants to use claims made for refunds for advance taxes paid, tax deducted at source and tax collected under the scheme.

Import growth moderated to a four-month low, owing to sharp decline in that of gold.

Downloading songs, movies, books? You may have to pay tax on it.

An expected withdrawal of FIIs from the market likely to weaken the rupee against the dollar.

'Investigation directorates have intensified actions in detecting serious irregularities.' 'They are seriously handicapped because of non-availability of manpower.'

The I-T department will rely on data analytical tools and run models to separate black money holders and genuine taxpayers based on the large data base being shared by banks.

Adjusted for inflation, the earlier scheme would have collected Rs 25,000 crore.

It was found the declarants were persons of suspicious nature and very small means, and the declarations could have been misused.

The onus to explain that the gold jewellery was inherited or bought from known sources of income would be on the owner.

Growth in the third quarter (October-December) is expected to be the weakest in years, with spending hit due to unavailability of enough replacement currency.